Company/Trade Group News Archives - Page 4 of 4

AIG to help officers accused of ‘fraud on the market’

By Editorial Staff Thu, Jul 3, 2014

The “fraud on the market” theory in class action litigation asserts that the price of shares traded in an “efficient market” reflects all available information, including alleged misrepresentations by...

Published July 3, 2014

Northwestern Mutual to sell Russell Investments

By Editorial Staff Thu, Jun 26, 2014

Russell oversees almost $260 billion in assets, primarily for large, institutional investors such as pension funds. The firm also maintains stock indices such as the Russell 2000. Russell mutual...

Published June 26, 2014

Merrill Lynch overcharged 41,000 small business retirement plans: FINRA

By Editorial Staff Fri, Jun 20, 2014

Merrill Lynch learned in 2006 that its small business retirement plan customers were overpaying, but continued to sell them more costly shares and failed to report the issue to...

Published June 20, 2014

Performance of life insurer stocks cools in 2014: A.M. Best

By Editorial Staff Thu, Jun 5, 2014

Repurchase activity doubled in the first quarter of 2014. Life/annuity companies spent $2 billion repurchasing their shares, with Aflac ($405 million), Prudential ($250 million) and Voya ($250 million) accounting...

Published June 5, 2014

Merrill Lynch’s Intentions are “Clear”

By Kerry Pechter Wed, May 21, 2014

"I want to be careful not to call it a product or a service. It’s an approach,” said David Tyrie, head of Personal Wealth and Retirement at Merrill...

Published May 22, 2014

Symetra doubles its YOY sales of deferred and immediate annuities in 1Q2014

By Editorial Staff Fri, Apr 25, 2014

Higher interest rates and wider distribution of Symetra Financial's annuity products through banks and broker-dealers helped improve sales of fixed index and traditional fixed annuities, the company said in...

Published April 25, 2014

TIAA-CREF buys Nuveen Investments

By Editorial Staff Thu, Apr 17, 2014

Nuveen will operate as a separate subsidiary within TIAA-CREF’s Asset Management business. The transaction gives TIAA-CREF two mutual fund complexes with aggregate AUM of $181 billion.

Published April 17, 2014

Publicly traded life insurers repurchased $4.9 billion in shares in 2013: A.M. Best

By Editorial Staff Thu, Mar 27, 2014

Some of the repurchase activity in 2013 was driven by the 67% increase in life/annuity share prices and the desire to offset the dilutive effect of in-the-money stock options...

Published March 27, 2014

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