Bloomberg

Bloomberg
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LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Alabama insurance commish to step down

Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.

RETIREMENT PLANNING AUG 13, 2008
Despite turbulence, workers stick with plans

The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.

RIA NEWS AUG 13, 2008
Retail sales dip to five-month low

July retail sales dipped 0.1% after rising 0.3% in June, with the drop attributed to a 2.4% decline in the automotive industry.

RIA NEWS AUG 13, 2008
ING profits dive in second quarter

ING Groep recorded a 25% decline in profits as it dealt with weak financial markets and write-downs from subprime mortgages.

RIA NEWS AUG 12, 2008
RJ probed on auction rate securities

Raymond James' two primary broker-dealers are being scrutinized over ARS sales.

REGULATION, LEGAL & COMPLIANCE AUG 12, 2008
Finra panel awards two brokers $1.2 million

Banc of America Investment Services allegedly sullied brokers' reputations, damaged potential relationships with clients.

ETFS AUG 12, 2008
Curian offers muni-bond ETFs

A tax-exempt strategy that utilizes exchange traded funds investing in municipal bonds has been announced by Curian Capital.

RIA NEWS AUG 12, 2008
UBS takes earnings hit, separates units

The bank will separate its investment banking, global asset management and wealth management units.

RIA NEWS AUG 12, 2008
LPL hikes transfer and termination fees

LPL Financial will increase its outgoing account transfer fees for retail accounts and termination fees by $20.

RIA NEWS AUG 12, 2008
Morgan Stanley to buy back ARS

The repurchase program will begin sometime before Sept. 30 and involve $4.5 billion of auction rate securities.