The chief investment officer and chairman of T. Rowe Price will step down next year as portfolio manager of one of the company¿s biggest investment funds.

A former Towson-based financial advisor for Signator Investors Inc. was found liable, along with the firm, for elderly clients' retirement losses, according to a Tuesday decision by arbitrators for a securities industry regulator.

A California-based unit of Legg Mason Inc. agreed to pay more than $21 million to settle government charges that it did not properly reimburse clients for losses caused by a coding error and engineered trades between clients that cheated one of the parties.

Fidelity & Guaranty Life Insurance Co., a presence in Baltimore since its founding 54 years ago, will be moving its headquarters to Des Moines, Iowa — another disappointment for the city that has seen a loss of corporations based here.

The U.S. Securities and Exchange Commission suspended trading of shares of Municipal Mortgage & Equity LLC, a Baltimore firm known as MuniMae, until Oct. 1 over late or missing filings with the market regulator.

A Westminster man was sentenced to 37 months in prison Wednesday for securities fraud related to the sale of $1.9 million in stock in his company, according to federal prosecutors.

Come fall, you might see tweets and emails pitching private investments to you — with the blessing of the Securities and Exchange Commission.

Baltimore's two major fund companies have joined a small but growing number of investment firms offering ultra short-term bond funds, which may become an alternative to the traditional money market fund.

Arthur W. Machen Jr., a retired attorney who was also the chancellor of the Episcopal Diocese of Maryland and a legal advocate for the poor, died of congestive heart failure Wednesday at Gilchrist Hospice Care. The former Ruxton resident was 92.

Joseph A. Sullivan, who has served as interim leader of Legg Mason Inc. for more than four months, has been named CEO and president of the Baltimore-based money manager, the company announced this morning.

Going after the ratings agency that downgraded U.S. debt looks like a conflict of interest.

Baltimore-based money managers T. Rowe Price and Legg Mason Inc. may offer actively managed exchange-traded funds after receiving a thumbs up from regulators.

Peter Morici says the Fed's efforts to reduce the deficit and keep interest rates low will end badly

Q&A with Baltimore lawyer Joel Sher, who is pursuing major mortgage-related actions against banks.

Legal filings by the U.S. Securities and Exchange Commission reveal the trail of stock purchases that led former Oriole Doug DeCinces to face insider trading charges. Hall-of-Fame teammate Eddie Murray is part of the same investigation, according to a Reuters report.

Millennial Media, a five-year-old mobile advertising firm based in Baltimore, has proposed an initial public offering of shares of its common stock in paperwork filed Thursday with the U.S. Securities and Exchange Commission.