Five states are examining the underlying investment offerings in
Officials in Illinois, Maine, New Mexico, Oregon and Texas are jointly conducting the investigation into whether OppenheimerFunds violated its fiduciary duty.
The firm told Bloomberg, however, that it acted appropriately in managing the funds. Unprecedented market volatility and lack of liquidity in the second half of 2008 led to poor performance.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
