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SEC’s consideration of the effect of its rule on efficiency, competition and capital formation was ‘arbitrary and capricious’ The Court of Appeals for the District of Columbia Circuit today ordered the Securities and Exchange Commission to reconsider a rule that treats most equity index annuities as securities. The ruling is a victory for the equity [...]
A former Morgan Stanley executive has been accused of stealing $2.3 million from the New-York based investment bank over a period of seven years, according to published reports. Richard Garaventa, a former vice president in the operations division of Morgan Stanley’s institutional securities, is charged with grand larceny and falsification of business records, according to [...]
Mitchell Cox has joined the Barclays Wealth unit of Barclays Capital Inc. in New York as managing director and head of the global investment and product office. He will report to Thomas Kalaris, the chief executive of Barclays Wealth, and be responsible for helping the firm expand its wealth management services in the Americas, the [...]
Situation: Your client would like to transfer securities to family members and asks for your help. Solution: Normally, you look for ways to discount the value of assets being gifted. Perhaps the silver lining of the recent bear market is the built-in discount of security values. However, you must pay attention to cost basis and [...]
Morgan Keegan & Co. Inc. of Memphis, Tenn., is having a rough month as securities regulators question the firm’s sale of investments that have become illiquid or collapsed in the wake of the credit crisis. Today, the Securities and Exchange Commission and the Alabama Securities Commission sued the broker-dealer for misleading thousands of investors about [...]
Mutual funds are making a strong penetration among common people. The reason is very clear. Every individual keeps interest to make money. But, due to lack of proper knowledge they hesitate to enter into the stock markets. So, mutual funds give a good platform for common investors. Investments in any financial instrument requires some expertise. [...]
With so much uncertainty in today’s economy, it’s especially important to diversify your portfolio to reduce your risk and what better way than to invest in good mutual funds. While you shouldn’t expect instant riches overnight, even investing little amounts of money can go a long way towards your future. If you do not want [...]
With many companies struggling to stay afloat in this economy it’s understandable that people are hesitant to invest in assets such as stocks or real estate. With so much financial uncertainty, it makes even more sense today to diversify investments to reduce risk. Given the nature of mutual funds, they are perfect candidates for investments [...]
Mutual funds are a great way to get started in investing and should be part of your portfolio if they aren’t already. In today’s economy, diversification is extremely important and mutual funds are an excellent way to doing so. Depending on the fund you choose, your investment entitles you to a portion of the earnings. [...]
Everyone knows that the first quarter of 2009 turned out to be the scariest time for a stock investor. Most of people lose their money in the stock market. And now, they are afraid to invest more money in the stock market. But investing is no longer optional for Americans. Today, everyone must invest. You [...]