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RIA NEWS JUL 25, 2007
Bear B-D takes on sales execs

Bear Stearns Broker-Dealer Services has expanded its sales and account officer teams with four new hires.

LIFE INSURANCE AND ANNUITIES JUL 25, 2007
National Insurance Act repitched

The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.

ALTERNATIVES JUL 25, 2007
SAC considers stake sale

The $14 billion hedge fund manager run by billionaire Steven Cohen is considering selling up to 20% of itself in a private offering.

ALTERNATIVES JUL 25, 2007
Hunter faces heat from Amaranth mess

The U.S. Commodity Futures Trading Commission today filed civil charges against Amaranth Advisors LLC and its ex-head energy trader Brian Hunter.

RETIREMENT PLANNING JUL 24, 2007
Council urges 'useful' 401(k) disclosure

The American Benefits Council supports fee disclosures related to 401(k) plans—as long as it's pertinent.

WIREHOUSES JUL 24, 2007
Panel awards Ex-Merrill employee $1.6M

An NASD arbitration panel ordered Merrill Lynch to pay a former employee $1.6 million after he was fired because of his ethnicity.

LIFE INSURANCE AND ANNUITIES JUL 24, 2007
Insurer settles bid-rigging case for $115M

The Hartford said it has reached a $115 million settlement with three states to resolve a bid rigging and market timing case.

LIFE INSURANCE AND ANNUITIES JUL 24, 2007
NAIFA names new chief executive

The National Association of Insurance and Financial Advisors has named John J. Healy as its new chief executive.

WIREHOUSES JUL 24, 2007
Morgan unit last in customer satisfaction

Morgan Stanley’s retail brokerage unit ranked dead last in customer satisfaction for the second year in a row, according to a survey.

RIA NEWS JUL 23, 2007
Report: High taxes hobble U.S. business

As other countries reduce their corporate tax rates, the U.S. is becoming less competitive, according to the Treasury department.