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RIA NEWS AUG 13, 2007
Investors duck arbitration fees

As the Financial Industry Regulatory Association’s arbitration system faces mounting criticism for being too costly for investors, some industry observers are countering with a little-discussed fact: Investors routinely fail to pay a large portion of their securities arbitration bills.

WIREHOUSES AUG 13, 2007
Fidelity shake-up creates angst among advisers

Financial advisers are reeling from the abrupt resignation of Ellyn A. McColgan last week from Fidelity Investments.

REGULATION, LEGAL & COMPLIANCE AUG 13, 2007
Advisers remain concerned about target date fund ‘advice’

As the first anniversary of the Pension Protection Act approaches, financial advisers remain wary of target date mutual funds.

RIA NEWS AUG 13, 2007
FINRA sweep scrutinizing withdrawals

Intensifying its recent focus on protecting retirees, the Financial Industry Regulatory Authority began last month a sweep of broker-dealers focusing on the use of exemptions in the tax code to withdraw money from retirement accounts for clients before they reach 59½.

RIA NEWS AUG 13, 2007
RIA assets expected to soar by 2012

Assets under management for the average SEC-registered investment adviser are expected to leap 256% to $1.6 billion by the end of 2012, from $449.6 million at the end of 2006, according to a study that will be released tomorrow.

LIFE INSURANCE AND ANNUITIES AUG 09, 2007
General American Life to pay $3.3 million

The SEC has settled with General American Life Insurance Company and a former executive for late trading.

LIFE INSURANCE AND ANNUITIES AUG 09, 2007
Mortgage mess expanding, says AIG

Borrowers just above subprime are reporting more residential mortgage delinquencies, according to AIG.

ALTERNATIVES AUG 08, 2007
Hedge fund indexes mark gains

Despite high-profile stories of hedge fund collapses in the last few weeks, two indexes showed overall gains for the industry.

ALTERNATIVES AUG 08, 2007
Burned firm sues Bear Stearns

Bear Stearns is being sued over the now-infamous failure two of its hedge funds, published reports said.

RIA NEWS AUG 08, 2007
FINRA eyes IRA withdrawal abuses

FINRA is sweeping B-Ds looking for improper early withdrawals from client retirement accounts.