Financial Industry Regulatory Authority News
Little-Known Rule 48 and Other Stock Regulations That Can Affect Your Money
While investors panicked across global markets in the last week, stock exchange officials in the U.S. used a little-known rule to try to smooth trading. For three straight days this week, the New York Stock Exchange put into action "Rule 48," which can essentially speed up the opening of trading to
Variable Annuities Punish Returns, Taxes and Heirs
In these days of low bond yields, many people are looking for easy, set-it-and-forget-it investments to generate income. Stepping aggressively into this itchy market are insurance companies and their salesmen, extolling the supposed benefits of the variable annuities (VAs) they offer. This type of
Pharmaceuticals Still in Play With Pfizer's $100B Bid for AstraZeneca
Morning Money Memo: Deal-making in the pharmaceutical and health care industries is on the rise. The latest example is Pfizer Inc.’s offer to buy British-based AstraZeneca for nearly $100 billion. Astra shares jumped nearly 15 percent today and the company says the Pfizer bid...
7 Shocking Facts About the Financial Security of Americans
Politicians and economists warn that our nation's Social Security system is woefully underfinanced. But if you think Americans are any better off with their private savings, think again. Forty percent of individuals in the U.S. said they could not or probably could not come up with $2,000 if an
Billionaire David Einhorn Sues to Reveal Identity of 'Seeking Alpha' Blogger
Investment research website and blogging forum Seeking Alpha is in hot water after an anonymous blogger revealed that billionaire David Einhorn was secretly buying up shares in a tech company. Einhorn's Greenlight Capital filed a lawsuit against Seeking Alpha Inc. on Thursday with the Supreme Court
Calif. Man Hopes to Build 'Anheuser-Busch of Marijuana'
A business school drop-out from Los Angeles wants to build what he calls the "Anheuser-Busch of marijuana," readying for the day when pot's "prohibition" fully ends in the U.S. Justin Hartfield, 29, dropped out of University of California, Irvine's part-time business school program to launch
The Note's Must-Reads for Thursday, November 28, 2013
The Note’s Must-Reads are a round-up of today’s political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com Compiled by ABC News’ Jayce Henderson, Amanda VanAllen and Will Cantine PRESIDENT OBAMA The New York Daily...
Twitter-Tweeter Confusion Forces Stock Symbol Change
Want to buy stock in Twitter ? Don't buy Tweeter by mistake. Or, for that matter, Teeter. The social network juggernaut has yet to make its public stock offering. But that hasn't prevented over-eager buyers from trying to buy the shares anyway. Problem is, a lot of them have bought stock in the
Marijuana Stock Scams Prompt Regulatory Warning
With the changing legal landscape for pot at the state level, marijuana-related stock scams may be on the rise, according to the Financial Industry Regulatory Authority. FINRA, the largest independent regulator of U.S. securities firms, first issued a warning to investors last month. Last year,...
Selling Your Pension For Cash Lump Sum: Pros, Mostly Cons
The Bible says Jacob's brother sold his birthright for a mess of stew. Today, warn financial watchdogs, America's pensioners are in danger of accepting what can sometimes be a comparably smelly deal: "Sell us your pension benefits," say advertisements, "and we'll give you one big lump sum now, up