Senior Microsoft Portfolio Manager Hit With Insider Trading Charge
The manager and his partner traded on insider info about e-reader investments and quarterly results, the SEC said.
HD Vest: $700M of Assets on New Portfolio Platform
The independent broker-dealer says about 500 of its 5,000 affiliated advisors are using the service.
Budget Bill Nears Senate Passage
The Senate advanced the measure over a filibuster threshold on a 67-33 vote, ensuring it will pass the chamber no later than Wednesday.
Pension Advocates Blast Budget’s Premium Hike
“It is simply unacceptable that members of Congress of both parties...view pension plans as a piggy bank," American Benefits Council president says.
SIFMA Chief Gregg Steps Down
Former Sen. Judd Gregg cites “personal need to spend less time commuting to Washington from New Hampshire and slowing a hectic schedule."
Budget Deal Heads for Likely House Passage
Speaker John Boehner criticized conservative groups for opposing it; Senate Majority Leader Harry Reid said "neither side got everything it wanted."
Senators Say Retirement Planning Is a Growing Priority
“Too many Americans make decisions by inaction, and they need investment advice,” said Sen. Ben Cardin.
Ex-NBA Star Detlef Schrempf: From Top Scorer to Top Advisor
The former Pacers and Sonics star talked with ThinkAdvisor about his second act at Athlon Ventures and Coldstream Capital Management.
Morningstar: City Pensions in Good Shape, Sort Of
A report finds that while some cities are adequately managing their pension liabilities, many “are coming under duress.”
SEC Enforcement: RBS Securities to Pay $150M for Misleading Investors
Among other recent SEC actions was an emergency freeze order in a scheme involving phony investments in New Zealand dialysis clinics.