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Nasdaqs Handling of Facebook: 'Not Our Finest Hour'
May 21, 2012Trading opened a half hour late Friday. Orders placed on its IPO Cross system did not get delivered to the market. For about two hours, Nasdaq could not issue quotes on Facebook shares. And, yet, it continued trading in Facebook shares, a possible violation of Regulation National Market System.
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Mutual Funds (Really) Like Facebook
May 21, 2012Over the past year, nearly 70 mutual funds have snapped up pre-IPO shares of Facebook on private markets ahead of its IPO today, CNNMoney reports.
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Annuity Sales Slide in the First Quarter of 2012
May 18, 2012Indexed annuities were one bright spot in the market, hitting $8.1 billion in sales, up 14% from the year-ago period.
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Cantor Fitzgerald Hires Five; Targets Latin America
May 18, 2012Cantor Fitzgerald has hired five investment professionals to expand its presence in emerging markets in Latin American, with a particular emphasis on Brazil.
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Altegris Launches Long/Short Fund
May 18, 2012Altegris Advisors has launched the Altegris Equity Long Short Fund (ELSAX), designed to generate and capture alpha on the long and short side of the equity markets, predominantly US stocks.
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TD Ameritrade Takes Heat for Founder's Foibles
May 18, 2012As the brokerage is learning with Joe Ricketts, even a casual connection to a founder or former CEO can carry reputational risks in the social media age.
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Stevens: SECs Proposals Undermine Money Market Funds
May 17, 2012Requiring money market fund advisers to hold capital to support their money market funds would fundamentally change the nature of these funds, according to a new study by the Investment Company Institute released today.
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iShares, Vanguard Rank as Top Asset Managers in Social Media Survey
May 17, 2012A new social media research report from kasina places iShares, Vanguard, Putnam, Russell Investments, and OppenheimerFunds as the Top 5 social media leaders in asset management.
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How Fund Firms are Luring Advisors to Use Their Products
May 17, 2012There are a growing number of advisor-focused "value-added programs" that fund firms are using to attract top producing and other advisors to sell their wares to investors.
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How Can Advisors Build a More Modern Portfolio?
May 16, 2012Advisors know the days of buy-and-hold investors with 60/40 portfolio allocations are over. But if a 60/40 allocation is no longer relevant, what is the right mix?
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SEC Recommends Changes in Accounting for Derivatives
May 16, 2012The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.
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Bond Fund Purchases Carry Risk
May 16, 2012Individual investors have been flocking to municipal bond funds, searching for safety and relatively high yields.
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Hatteras CEO Departs
May 15, 2012David Perkins, founder of Hatteras Funds, has resumed the role of chief executive following the departure of Brian Jacobs in February. Jacobs is now self employed as a consultant.
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Social Media Investing: Changing Out of Pajamas
May 14, 2012If you think social media investing is about pajama-wearing day-trading amateurs, Covestor aims to prove you wrong.
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MFS Sets Sales Record
May 14, 2012Boston-based MFS Investment Management set new record sales last quarter, according to its latest earnings report, issued by Canadian parent Sun Life Financial.
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