Schwab Settles 2009 Auction-Rate Securities Suit
New York claimed Schwab engaged in “fraudulent and deceptive conduct” in promoting the investments.
Appeals Court Revives Schwab ARS Suit
Schwab says its "role in these transactions was simply to accommodate clients when they asked for these types of products.”
Guggenheim Analyst Looks Into Political Crystal Ball
From the sequester to who's up next to run for president, Chris Krueger, an analyst at Guggenheim Partners, gave attendees at the 2013 NAAIM Annual Conference his insights on various topics playing out in Washington.
Polarization has become a pervasive and much-noted feature of American politics.
Ahead of Hurricane Sandy, Markets Shut Up Shop
Both the NYSE and Nasdaq were closed Monday due to the superstorm, though electronic trades continue on Arca, and SIFMA recommends bond market closure.
In 2010, the insurance industry was the target of a lot of bad press regarding retained asset accounts (RAAs) that were provided to the beneficiaries of military service members killed in action.
States Move to Tap Into Shale Deposit; Environmentalists Balk
States consider following Pennsylvania's lead in allowing drilling in to huge shale deposits to extract fuel.
Ernst & Young Faces Fraud Suit
Bloomberg reported Monday that Ernst & Young LLP will be sued by New York Attorney General Andrew Cuomo for fraud.
Life Insurers Under Fire
At the end of July, in the midst of one of the most financially troubled summers in recent memory, headlines at Bloomberg blazed with charges that insurance companies were profiting from the deaths of servicemen.
NAIC to Investigate Insurers Over Deceased Veterans' Benefits
The National Association of Insurance Commissioners will establish a working group "to examine a life insurance claims settlement practice involving the use of retained asset accounts." Of particular concern to the group is consumer disclosure.