Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Putnam Investments to Launch Multi-Cap Equity Funds
By John SullivanPutnam Investments announced Monday, June 14, that it will be launching a suite of three U.S. multi-cap equity funds, available by late September 2010.
June 14, 2010
SEC Charges Phony Western Gold Sales Team in $300 Million Ponzi CaseThe SEC charged Friday, June 11, that a group of swindlers persuaded more than 3,000 U.S. and Canadian investors to put their savings and home equity into a $300 million Ponzi scheme for a phony gold-mining operation.
June 14, 2010
For Pershing's Kumar, Mobile Apps Are the Future Now for AdvisorsWhen Pershing's chief information officer, Suresh Kumar, talks about Pershing LLC's NetX360 platform that just celebrated its one-year anniversary, he's understandably excited about the 70% adoption rate of NetX360.
June 14, 2010
As FAFSA Deadline Approaches, College Students Urged to Apply Before Aid Window ShutsCollege students--and the parents who help them pay tuition costs--have until June 30 to file a free application for federal student aid (FAFSA) before the window shuts for the 2009-2010 and the 2010-2011 school years.
June 11, 2010
Morningstar Reports Largest Domestic-Equity Fund Outflow Since March 2009Redemptions of nearly $15 billion from domestic-equity funds, the largest outflow since March 2009, contributed to outflows of $13.2 billion for all long-term funds in May, Morningstar reported.
June 11, 2010
U.S. Retail Sales Drop in May while Consumer Sentiment Rises in JuneIn mixed economic news that pushed the U.S. markets down and brought them back up again, retail sales for May dropped unexpectedly lower for the first time in months while consumer sentiment showed surprising strength once again in early June.
June 11, 2010
New Study Examines the Question, Does 'Microfinance' Work?Grameen Foundation, a U.S.-based nonprofit organization, released a report on Thursday, June 10, that reviews recent studies on the effectiveness of microfinance in alleviating poverty.
June 10, 2010
How Top Advisors Thrive in CrisisAt Pershing Insite 2010, three financial advisors outline the steps they've taken to succeed during the financial meltdown and beyond.