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Roubini: Spain still 'big elephant' in debt crisis
RIA NEWS MAR 02, 2011
Roubini: Spain still 'big elephant' in debt crisis

Spain is the “big elephant” in the European debt crisis because there may not be enough money to bail out the Iberian nation, said Nouriel Roubini, the New York University professor who predicted the global financial crisis.

RIA NEWS MAR 02, 2011
Odds of a double-dip now at 40%, says NYU's Roubini

Nouriel Roubini, the New York University economist who predicted the global financial crisis, said U.S. growth will be “well below” 1% in the third quarter and put the odds of a renewed recession at 40%.

Finra suspends B-D that it says 'poses serious risk' to investors
REGULATION, LEGAL & COMPLIANCE MAR 01, 2011
Finra suspends B-D that it says 'poses serious risk' to investors

Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order.

Finra panel awards pilot $2.7 million in flap over suitability
REGULATION, LEGAL & COMPLIANCE MAR 01, 2011
Finra panel awards pilot $2.7 million in flap over suitability

Bulk of retiree's savings invested in two non-public mortgage funds; 'didn't have any access to his money'

PRACTICE MANAGEMENT MAR 01, 2011
Tax change for S corps, LLPs 'would create havoc'

Treasury boss Timothy Geithner say the department is considering overhauling the current tax set-up. On the radar: reclassifying the status of pass-through businesses — including LLPs and S corps. Yikes.

LIFE INSURANCE AND ANNUITIES MAR 01, 2011
Insurers likely to sweeten indexed annuities

Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest

MUTUAL FUNDS MAR 01, 2011
Suddenly, bank loan funds draw plenty of interest

Scott Page, who has managed the top-performing bank loan fund over the past five years, said that the debt is still attractive, even after a two-year rally

SEC said to 'sweep' advisory firms for social-media info
FINTECH MAR 01, 2011
SEC said to 'sweep' advisory firms for social-media info

The Securities and Exchange Commission is said to have begun a sweep of registered investment advisers' use of social media and social networking, according to officials at an industry compliance firm.

LIFE INSURANCE AND ANNUITIES MAR 01, 2011
Suit: Prudential made $500M off vets' death-benefit money

Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?

ETFS MAR 01, 2011
Guggenheim adds to collection, snaps up Securities Benefit in latest acquisition

Guggenheim Partners LLC, an investment firm founded by the famous family for which it is named, announced today it is acquiring Security Benefit Corp. — and with it Rydex SGI.