Posted by admin on April 16th, 2008
The Securities and Exchange Commission warned investors Tuesday that dozens of companies that solicit investment advice or brokerage services aren’t actually registered in the U.S. Investment Property and can’t legally offer those services.
The SEC named 37 firms it had received complaints about, including Golden Medallion Trading, which lists a Dallas address of 14001 N. Dallas [...]
Posted by admin on April 11th, 2008
Fidelity Management & Research’s gave its stamp of approval to Ambac Financial Group on Thursday, but the move was overshadowed by the revelation that JPMorgan Chase slashed its stake in the ailing bond insurer.
Fidelity Management & Research, acts as an investment adviser to Fidelity Investment’s family of mutual funds, and is Ambac’s largest shareholder.Investment Advice [...]
Posted by admin on April 11th, 2008
Jerry Sullivan, award-winning fund manager at American Century Investments, has made the most of an investment tip he got as an analyst at Fidelity Investments from famous investor Peter Lynch in the 1980s.
“On a sheet of rules for investing that he handed out, the first rule on when a stock was ripe to buy was [...]
Posted by admin on March 31st, 2008
“This latest episode has highlighted that the world has changed as has the role of other nonbank financial institutions and the interconnectedness among all financial institutions,” Paulson said. “These changes require us all to think more broadly about the regulatory and supervisory framework that is consistent with the promotion and maintenance of financial stability,” [...]
Posted by admin on March 30th, 2008
“This latest episode has highlighted that the world has changed as has the role of other nonbank financial institutions and the interconnectedness among all financial institutions,” Paulson said. “These changes require us all to think more broadly about the regulatory and supervisory framework that is consistent with the promotion and maintenance of financial stability,” [...]
Posted by admin on March 30th, 2008
Paulson, the former chairman of the investment bank Goldman Sachs Group Inc., wants to streamline the regulatory system through steps such as merging the Securities and Exchange Commission and the Commodity Futures Trading Commission and incorporating the functions of the Office of Thrift Supervision into the office of the Comptroller of the Currency. But while [...]
Posted by admin on March 30th, 2008
By James Vicini
WASHINGTON (Reuters) - President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
The White House said on Saturday Bush will meet members of the President’s Working Group [...]
Posted by admin on March 30th, 2008
By Lisa Lambert
WASHINGTON, March 20 (Reuters) - Moody’s Investors Services
(MCO.N: Quote, Profile, Research) laid out plans to change how it rates municipal
tax-exempt bonds in a request for comment it released
Thursday.
Beginning in May, the agency will give global scale
ratings, usually reserved for corporations, as well as
municipal scale ratings to [...]
Posted by admin on March 30th, 2008
NEW YORK (Reuters) - Shares of Lehman Brothers (LEH.N: Quote, Profile, Research) fell
by nearly 10 percent in early New York trading on Thursday on
rumors that the fourth largest U.S. investment bank could see a
run on the bank similar to what happened to Bear Stearns
(BSC.N: Quote, Profile, Research), traders said.
Declines [...]
Posted by admin on March 30th, 2008
WASHINGTON (AP) — The crash of Wall Street’s once mighty Bear Stearns underscores the need to bring investment houses under the kind of federal oversight that has long been given to commercial banks, Treasury Secretary Henry Paulson said Wednesday.In a speech to the U.S. Chamber of Commerce, Paulson said the Bush administration will soon release [...]
