New Hire Roundup: Seilers Join Raymond James and Williams Moves Up, Carson Wealth Launches RIA
This week in new hires, the Seiler brothers went to Raymond James, while Greg Williams was named to a new position there; Carson Wealth Management launched its own RIA; and Aaron Cooper and Richard Perkins went to Putnam.
ETF Securities Debuts U.S. ETP Backed by Gold Bars Held in Asia
ETF Securities' ETFS Physical Asian Gold Shares will launch Friday under the ticker AGOL. The ETP will be physically backed by gold bars vaulted in Singapore by J.P. Morgan Chase.
Grail Launches Active ETF
Actively managed ETFs have yet to gain the same type of traction as index-based ETFs but that hasn't stopped product providers from launching new funds. The...
Morgan Stanley Agrees to ARS Buy-Back Deal, Fines (Aug. 14, 2008)
New York Attorney General Andrew M. Cuomo has announced another series of agreements to provide liquidity to consumers who purchased auction rate securities. Under the latest agreements, Morgan Stanle
SIFMA Elects Directors
The Securities Industry and Financial Services Association (SIFMA), announced December 20 that it has elected a Board of Directors, the same slate that was proposed at the November SIFMA Launch in Boca Raton, Florida, and nominated officers for whom it is expected that the Board will vote at its meeting...
Cox to Senate: SEC Has the Necessary Resources
WASHINGTON (HedgeWorld.com)--The chairman of the Securities and Exchange Commission appeared before the Senate Banking Committee Tuesday [April 25] for the first time since his confirmation hearing. The hearing Tuesday bore the unexciting moniker "A Review of Current Securities Issues," and covered a lot of ground--including the self-regulation of exchanges and...
Steve Neimeth of SunAmerica Value Fund
S&P Rank: 5 Stars Upgrading to Large-Caps
B of A Adds to Options, FX, Emerging Markets Teams
NEW YORK (HedgeWorld.com)--Bank of America Corp. hired Brian Friedman as head of options market making for U.S. rates, with an eye toward expanding the business. Mr. Friedman previously worked as a vice president at J.P. Morgan Chase & Co., New York, where he was responsible for market making in various...
Bank One Unit Settles with Spitzer, SEC
Two days before it merges with J.P. Morgan Chase & Co., creating the nation's second-largest bank, Bank One Corp. announced a settlement of mutual fund market-timing allegations made by the New York State Attorney General and the Securities and Exchange Commission.
Market Commentary -- Pre-Opening
Nov. 10, 2003 -- Stocks are expected to open slightly lower on as investors pull back from last week's highs and focus on the threat...