SEC, FINRA Enforcement: Father, Son Cherry-Picking Scheme; South Miami in Muni-Bond Fraud
Recent enforcement actions include charges against a father and son for making undeclared trades and then cherry-picking the profitable ones, and charges against the city of South Miami for defrauding investors on muni bonds.
Top 5 Annuity Trends to Watch in 2012 and 2013
As the annuity industry deals with unprecedented challenges, advisors must keep abreast of product changes to help their clients make prudent decisions.
Pru to Pay $615 Million for Hartford Individual Life Unit
Prudential will re-insure about 700,000 Hartford policies that provide $135 billion in coverage.
New Hire Roundup: PIMCO Welcomes Johnson; Cepek Rises at Allianz
This week in new hires, Geoffrey Johnson joined PIMCO; Gretchen Cepek was promoted at Allianz Life; and Kimball Brooker was named portfolio manager at First Eagle.
The Hartford Has Big Plans for Wealth Management and RIAs
Hartford Financial Services Group Inc. said April 1 that it would reorganize itself into insurance, annuity, and wealth management businesses. The new wealth management division...
Class Action Lawsuits on 401(k)s
Investors in 401(k) plans who are frustrated by proprietary funds, opaque high fees, revenue sharing and sub-par performance are starting to get overtures from lawyers who are gathering investors for class action suits against 401(k) providers.
The value of new (and flexible) income annuities
The income annuity used to be a straightforward if somewhat opaque gadget. You exchanged a chunk of money for a monthly or quarterly income stream...
Does Your Broker/Dealer Stand Behind You?
It's all too easy to partner with a broker/dealer in an up-market. Clients are happy, returns are generated and everyone's making money. But what happens...
Coming Out Party
Only fours years after its inception, the Financial Services Institute has achieved a high level of success as the primary advocacy group for independent broker/dealers....
Fixed-Income a Great Fit for Retirement
Fixed income is an asset class that offers plenty of upside for investors, in particular those planning for retirement. Yet, says Jim Tracy, national sales director for Minneapolis-based The Hartford Mutual Funds (a division of Hartford Life), many investors and financial advisors are more than a little wary of fixed...