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Portfolios-to-go may be Wall Street's next thundering herd
Andy Cohen, 47, uses exchange-traded fund portfolios recommended by MarketRiders Inc. to manage his retirement plan and children's college savings. He's charged about $10 a month.Knight Capital says it has $400 million financing deal
Knight Capital says unnamed investors agreed to buy $400 million of preferred stock that will be converted into about 267 million of its shares, which would help the trading firm stay in business after a software glitch.Recession didn't make chief execs any wiser
Corporate executives have learned nothing from the recession. As the economy recovers, they should use the cash they piled up during the bad times to build new plants and make sensible acquisitions while costs are low and they can leverage their spending with low-interest debt. Instead companies are investing in a woeful strategy of the past-buying back their own stock.Brokerage Houses Face 'Sweep' Suits
Some major brokerage houses are facing proposed class actions for sweeping uninvested brokerage account money into low-interest accounts at affiliated banks and using the funds to allegedly earn money for the companies while paying lower interest to the sweep-account holders. The "sweep suits" have been filed in federal court in New York and Colorado. Sweeping has become a huge source of revenue for brokerage firms, but a plaintiffs lawyer on the New York cases says the practice is "not defendible."Portfolios-to-go may be next thundering herd
Andy Cohen, 47, uses exchange-traded fund portfolios recommended by MarketRiders Inc. to manage his retirement plan and children's college savings. He's charged about $10 a month."I don't have enough money that I have a dedicated wealth manager," said Cohen, who lives in San Mateo, Calif., and is chief executive officer of Caring.Guilty plea from lawyer who lost client funds playing the stock market
A Southern California lawyer who lost nearly all of a $2.5 million class action recovery by investing client trust funds in the stock market has pleaded guilty to criminal charges. obstruction of justice.Tweeting rules leave brokers with little to say
Social media sites such as LinkedIn and Twitter are redefining the way businesses reach their customers. Securities firms are largely absent from the revolution. Regulators and company rules at brokerages have slowed the adoption of social media by the financial services industry, said Margaret Paradis, a New York-based partner at law firm Baker McKenzie who advises brokers and fund managers.In-House Liability Issues for Data Breaches
The threat of massive data breaches affecting millions of consumers has become an inescapable aspect of modern business and life. Just look at a few examples from earlier this year.
Winding up to pitch for the Cubs
As bidders are looking to make an offer for the Chicago Cubs, baseball's lovable losers turned playoff contenders, their attorneys are bringing together investors, readying financing packages and helping craft pitches.TRENDING STORIES
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