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
Raymond James Fined $17M for Anti-Money Laundering Lapses
Brokerage industry regulators have fined Raymond James $17 million, accusing the financial services firm of widespread failures in its controls against money laundering
So You Want to Invest in a Startup? What You Need to Know
Investing your money in startups is risky, experts say. In case you are tempted, here's what you need to know. — Invest only what you can afford to lose. Many of the companies raising money through Regulation A or the new crowdfunding rules are in their early stages. Some haven't made or sold any
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...