The company that acquired Towson-based Everest Wealth Management, which kept its license after former owner Philip Rousseaux lost his investment adviser registration, was ordered to halt investment advisory operations Friday. High Point Wealth Management and High Point Insurance Solutions operate ...

Tagged with: 'Money Guys' Everest Wealth Management fraud high point wealth management securities

WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in May. China, the largest buyer of Treasury debt, increased its holdings for the second straight month. The Treasury Department says total foreign holdings rose 1 percent ...

Tagged with: bank Banks debt foreign holdings record securities u.s. treasury united states

NEW YORK — Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed. The deal, announced Wednesday, comes after a group of 22 ...

Tagged with: Bank of America Banks countrywide federal reserve housing market loans mortgages Real Estate securities

WASHINGTON — Federal regulators advanced tighter rules Wednesday for agencies that rate the debt of companies and governments. Credit ratings can affect a company’s ability to raise or borrow money. They can also influence how much investors pay for securities. ...

Tagged with: AAA debt exchange federal regulators financial crisis fitch ratings SEC securities securities and exchange commission standard & poor washington

WASHINGTON — The Federal Reserve is paying a record $79.3 billion to the U.S. government after the central bank earned a record amount of money last year from programs aimed at boosting the economy. The Fed says its payment to ...

Tagged with: Congress Economy fed federal reserve money securities treasury department u.s. government

WASHINGTON — The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since ...

Tagged with: Ben Bernanke chairman Congress deficit fed federal reserve securities securities and exchange commission treasury treasury department united states

WASHINGTON — The justices of the Supreme Court grappled with the question of whether a claim may be stated against a service management company for alleged securities violations of the mutual funds it sponsors. The case, Janus Capital Group v. ...

Tagged with: class action lawsuit mutual funds securities shareholders Supreme Court united states