Bloomberg

Bloomberg
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REGULATION AND LEGISLATION AUG 18, 2008
ARS settlements spawn special dispute process

Auction rate securities cases have spawned a new arbitration procedure that relies on a single public arbitrator to hear cases brought by investors who allege "consequential damage" claims from ARS.

REGULATION AND LEGISLATION AUG 18, 2008
Banc of America ordered to cough up $1.63M to brokers

After losing costly battles with three former brokers last month, Banc of America Investment Services Inc. is now on the hook for $1.63 million.

ALTERNATIVES AUG 18, 2008
Funds of hedge funds losing their luster

Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.

FINTECH AUG 18, 2008
Website gives drill-down information on potential advisers

Scott Barkow, an adviser with Raymond James & Associates Inc. of St. Petersburg, Fla., isn't happy about the challenging economy and how it could hurt new business.

RIA NEWS AUG 18, 2008
Reps angry over ARS payback delay

Although brokers have welcomed the billions in auction rate securities buybacks announced by the big Wall Street firms in the past two weeks, they are still angry that it took six months for their companies to begin dealing with the fiasco.

LIFE INSURANCE AND ANNUITIES AUG 18, 2008
Hybrids will drive retirement income

Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.

RIA NEWS AUG 18, 2008
ARS probe now includes Fidelity, Schwab

New York Attorney General Andrew Cuomo’s probe into the industry's selling of auction rate securities has widened.

RIA NEWS AUG 18, 2008
Younger Americans not saving enough for retirement

Younger workers are saving for retirement but fear that they aren't saving enough and that benefits such as Social Security will be cut before they are ready to retire, according to a new study.

RIA NEWS AUG 15, 2008
Industrial output on upward trend

U.S. industrial production increased 0.2% in July following a 0.4% jump in June, according to the Fed.

MUTUAL FUNDS AUG 15, 2008
Jittery mutual fund holders redeem $27 billion

The redemptions were triggered by an 8% drop in U.S. stock indexes in June, followed by further deterioration in July.