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RIA NEWS JUL 29, 2010
New corn ETF second only to buying actual corn, says Teucrium's Gilbertie

The corn ETF, like Teucrium's other ETFs in registration, uses staggered futures contracts to track the current price of the commodity.

RIA NEWS JUL 29, 2010
Jesup & Lamont cuts 'non-essential personnel'

All salaries and commissions have been terminated, except for a “limited” number of workers

FINTECH JUL 29, 2010
Envestnet files for $100M IPO

Envestnet, a Chicago company that provides Web-based services for financial advisers, filed for an initial public offering of stock worth up to $100 million Friday.

Americans on financial reform bill: Thumbs down
RIA NEWS JUL 28, 2010
Americans on financial reform bill: Thumbs down

Backers of the Dodd-Frank bill, which will be voted on this week, say the measure will prevent another financial crisis while protecting the assets of the American public.<br> Said public isn't buying.

Sin stocks: One reason it's good to buy bad
RIA NEWS JUL 28, 2010
Sin stocks: One reason it's good to buy bad

Dividend yields are starting to make sin stocks difficult to ignore, according to Jeff Middleswart, manager of the Vice Fund Ticker:(VICEX).

PRACTICE MANAGEMENT JUL 28, 2010
Two traders arrested over alleged $1.3 billion scam

The FBI said Wednesday the operators of a Connecticut-based company have been arrested in New York on securities fraud charges.

FIXED INCOME JUL 27, 2010
Fugitive who bilked Pimco, others found 'living in the lap of luxury'

Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'

REGULATION, LEGAL & COMPLIANCE JUL 27, 2010
SEC says adviser deceived retirees about 'low-risk' investments

Agency claims investment adviser pitched funds as 'immensely' diversifed; turns out they weren't, agency alleges

Brazen Ponzi artist scammed FBI, IRS agents for two decades
RIA NEWS JUL 27, 2010
Brazen Ponzi artist scammed FBI, IRS agents for two decades

For more than two decades, scammer Kenneth Wayne McLeod gave seminars and managed money for U.S. law enforcement officials. Finally, the law caught up with him.

REGULATION, LEGAL & COMPLIANCE JUL 27, 2010
Adviser who allegedly scammed retirees booted out of securities biz

SEC says Sandra Venetis targeted retirees in long-running fraud; allegedly used money for trips, gambling