It’s Wednesday morning and the El Paso County Public trustee’s office is jam-packed with would-be investors looking for a deal at the weekly foreclosure auction. [...]
Raymond James Financial Services agreed Wednesday to buy back in excess of $25 million worth of auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The firm was accused of allowing salespeople to tell investors that the auction rate securities were just as liquid as money market accounts, but [...] [...]
Surging stock prices in October weren’t enough to entice mutual fund investors back into the market. Instead, bonds continued to hold appeal. Investors withdrew a net $17.6 billion from stock mutual funds last month, industry consultant Strategic Insight said on Friday. It was the sixth consecutive month of net withdrawals, which total $97 billion over [...] [...]
Colorado Securities Commissioner Fred Joseph reached a settlement with E*Trade Securities related to its sale of auction rate securities to Colorado investors. Under terms of the agreement, E*Trade will buy back $3.5 million worth of auction rate securities from Colorado investors who found themselves unable to sell securities after they had been froze. The settlement [...] [...]
It was a stomach-churning summer that most investors would like to forget. The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new recession. In the financial markets, [...] [...]
Peak Venture Group is launching a new program this month that aims to tap into the hearts and spirits of budding entrepreneurs. The group, which has provided mentorship to up-and-coming entrepreneurs since 2000, is hosting a series of “Pitch Nights” – non-threatening nights where people with business, invention or product ideas can come, make a [...] [...]
The deadline to apply for the 2011 Rocky Mountain Cleantech Open is May 24. The Rocky Mountain region includes Arizona, Colorado, New Mexico, Utah and Wyoming. The event was created to find, fund and foster the most promising clean-technology companies. The winner of the regional event will compete nationally. The national program includes 25 states and a [...] [...]
Financial stocks fell Thursday as investors weighed mortgage problems that could cost big banks billions. Shares of Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. fell at least 4 percent and JPMorgan Chase & Co. fell nearly 3 percent. By comparison, the broad Standard & Poor’s 500 index declined 0.4 percent. Investors [...] [...]
J.P. Morgan Chase & Co. will pay back $139 million worth of auction rate securities from Colorado investors, who found themselves unable to sell the securities after they had been frozen in the market. The Colorado settlement is part of a multi-state agreement in which J.P. Morgan has bought back more than $17 billion of auction [...] [...]
OK, I admit that I really enjoyed Comedy Central’s Jon Stewart calling Mad Money’s Jim Cramer on the carpet for what he has done to his viewers. But I think we all have a lot to learn from some of the media financial gurus. First, let me note that I’m not just joining the “pick [...] [...]