Bloomberg

Bloomberg
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REGULATION, LEGAL & COMPLIANCE OCT 15, 2007
Banks to create fund to head off asset sale

The Master-Liquidity Enhancement Conduit seeks to prevent an asset fire sale and to stimulate credit markets.

RIA NEWS OCT 15, 2007
Three Americans win economic Nobel

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

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.

ALTERNATIVES OCT 15, 2007
Players swing at hedge fund pitch

Four prominent Major League Baseball players are major investors in a hedge fund that was launched last spring, according to Bloomberg.

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.

FINTECH OCT 15, 2007
Retirement income technology leaves much to be desired

For the most part, the current crop of software programs aimed at helping financial advisers manage their clients' assets through retirement fall short of their goals, according to a leading technology analyst.

ETFS OCT 15, 2007
ETFs face loss of seed money

Hundreds of exchange traded funds may not see the light of day, because seed capital for such funds is drying up.

RETIREMENT PLANNING OCT 15, 2007
There's no defense for the lack of 401(k) fee disclosure

Participants in 401(k) plans deserve to know exactly how much of their money is paying for their funds and services.

RETIREMENT PLANNING OCT 15, 2007
Miller may drop requirement for index fund from 401(k) bill

House Education and Labor Committee Chairman George Miller, D-Calif., is expected to remove a controversial requirement from his 401(k) bill that a low-cost index fund be included in all such plans, said an industry official.