Marsh&McLennan Cos. Inc. agreed Wednesday to pay $2.4 million to settle bid-rigging and client-steering charges leveled by Connecticut Attorney General Richard Blumenthal.
The Financial Industry Regulatory Authority (FINRA) said it entered settlements with four more firms relating to the sale of auction rate securities (ARS).
RolloverSystems, Inc. (RSI), an independent provider of rollover services, announced it is boosting its distribution capabilities with the appointment of two new regional sales directors.
The Florida State Board of Administration (FSBA), has hired Hewitt Associates as recordkeeper for the FSBA’s $3.8-billion 401(a) retirement savings program.
The MetLife Mature Market Institute released a workbook with a DVD containing assessment tools, information, and resources to help those contemplating whether to retire and how to move...
WisdomTree and The Dreyfus Corporation, part of BNY Mellon Asset Management, announced the listing of the WisdomTree Dreyfus Emerging Currency Fund (CEW) on the NYSE Arca.
Pershing Advisor Solutions announced that its registered investment adviser (RIA) customers now have access to a broader array of fixed-income investment choices.
ING Life Companies has relaunched its corporate variable universal life insurance product, issued by Security Life of Denver Insurance Company, with enhanced pricing.
While federal securities regulators have made progress in working out internal organizational kinks, the U.S. Securities and Exchange Commission (SEC) still has a way to go before reaching...
Federal securities regulators on Tuesday charged the two top executives of the Reserve Management Co. money market fund with fraudulently keeping secret the true precarious financial situation of...
While the first quarter of 2009 saw an equity market rally, most asset classes had negative returns during the period, according to the latest data from Morningstar’s Separate...
Globally, investment manager search activity is slowing down as investors focus their attention on strategic issues, according to Mercer’s 2008 Global Manager Search Trends report.