Bloomberg

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RIA NEWS OCT 16, 2007
'Full recovery' a ways off, says Bernanke

Market uncertainty remains unusually high as a result of subprime-mortgage turmoil, the Fed chief said last night.

WIREHOUSES OCT 16, 2007
CFO's job not in peril, says Merrill

Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.

INDEPENDENT BROKER DEALERS OCT 15, 2007
Top-producing rep under scrutiny by Michigan regulator

One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.

FINTECH OCT 15, 2007
Advisers offered new rating yardstick

Financial advisers who are frustrated over perceived shortcomings in mutual-fund- rating systems soon will have a new prism through which to view funds.

INDEPENDENT BROKER DEALERS OCT 15, 2007
Schwab to roll out benefits package for advisers

In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.

FIXED INCOME OCT 15, 2007
Muni board aims to boost transparency

The Municipal Securities Rulemaking Board will consider amending Rule G-14 to heighten securities’ transparency.

INDEPENDENT BROKER DEALERS OCT 15, 2007
A.G. Edwards exodus spurs new suit

A.G. Edwards & Sons Inc. has sued more brokers who left the firm in the wake of its recent merger with Wachovia Securities LLC.

ETFS OCT 15, 2007
State Street spins out more SPDRs

State Street Global Advisors today launched three new fixed-income exchange traded funds on the American Stock Exchange.

RIA NEWS OCT 15, 2007
Three Americans win economic Nobel

They were selected “for having laid the foundations of mechanism design theory.”

RIA NEWS OCT 15, 2007
'Terror-free' investing draws public pension plans

Across the country, states are considering plans to apply "terror-free" investing strategies to their public pensions.