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ALTERNATIVES SEP 14, 2007
Hedge fund turmoil tars hot art market

High-flying hedgies like to show off their good taste — and extreme wealth — by investing in art.

LIFE INSURANCE AND ANNUITIES SEP 14, 2007
NYLI names chief financial officer

Craig A. Merdian has joined New York Life International as executive vice president and CFO.

WIREHOUSES SEP 14, 2007
Merrill adjusts strategy in bumpy Q3

Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.

LIFE INSURANCE AND ANNUITIES SEP 14, 2007
Defense Dept. on to crooked advisers

With a recently passed law, the Department of Defense has declared war on bogus financial advisers.

RIA NEWS SEP 14, 2007
Interim rule on principal trades likely

The SEC is likely to adopt a temporary rule that will let fee-based brokers continue to make principal trades.

WIREHOUSES SEP 14, 2007
TD says sorry after hacker hits clients

TD Ameritrade began sending apology letters to most of its clients after a hacker stole vital information.

RIA NEWS SEP 14, 2007
RIA firms grew, owners too, in '06

RIA firms grew assets by 15% last year, and revenues by 18%, according to a study released today.

RIA NEWS SEP 13, 2007
Pacific Life parts ways with last B-D

Pacific Life Insurance has cut ties with United Planners’ Financial Services of America.

ALTERNATIVES SEP 13, 2007
Sachs' Global Alpha takes August plunge

Goldman Sachs flagship hedge fund lost more than 20% of its value in August, its largest monthly fall.

ETFS SEP 13, 2007
State Street launches muni bond ETF

On average, the securities in the SPDR Lehman Municipal Bond ETF index have a credit quality of AA1/AAA.