The Investment Company Institute (ICI) is pushing the U.S. Supreme
Court to stick with the established legal framework when evaluating
claims that a mutual fund’s investment adviser has received excessive
Three former financial representatives of Northwestern Mutual Life Insurance Co. have filed a $200 million lawsuit against the company for failing to pay them overtime wages under California and federal law.
Merrill Lynch has launched a new 2007 Focus on Growth bonus program for its 15, 700 financial advisers, through which its advisers will be eligible to receive payouts equal to as much as 30% of their revenue.