Advisor, Race Car Driver Convicted of Bilking NHL Players
A federal jury has convicted an advisor and a part-time race car driver on charges of wire fraud, wire fraud conspiracy and money laundering conspiracy.
SEC’s White: Money-Market Fund Reforms Coming in ‘Near Future’
But SEC Chairwoman Mary Jo White remained tight-lipped on the specifics of those changes.
Nomura to Scale Down Global Presence
The Japanese brokerage firm Nomura Holdings plans to seek nearly half of a planned $1 billion in savings from cutting European and Middle Eastern operations, with the rest to come from the Americas and Asia.
Buffett’s $8 Billion Trade Isn’t a Bet Against Munis: LPL’s Valeri
Warren Buffett’s sale of $8 billion in muni derivatives was a profitable trade, not a comment on the value of the muni market, says the LPL market strategist.
ECB Pushes for Looser Basel Liquidity Rule
The ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.
S&P Moves Least in 41 Years
The S&P 500 has gained 0.6% for the year as 2011 winds down. A 3.7% increase last week helped that rate of change, the smallest for the index since 1970–thanks to stock swings that reached twice the five-decade average.
Top Five Really Alternative Investments
If the current crop of alternative offerings just isn't doing it for your more adventurous clients, here is a list of exotic investments more suited to their liking.
Elections, Speeches, GDP and Lehman: Advisor Briefing for the Week of August 23, 2010
What's happening this week.
The High Cost of Going Bankrupt
Who: Martha Solinger, Co-General Counsel, Lehman Brothers Holdings Where: Bombay Palace, 30 West 52nd Street, New York When: June 25, 2009 On the Menu: Chicken curry and financial...
As of May 4, Neuberger Berman Group is again majority-owned by its employees, including portfolio managers and senior executives of the company. The 70-year-old firm's...