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NEWS REGULATION AND LEGISLATION JUN 08, 2010
Incite: Pimco's loss is Wall Street's gain

Congress has decided to protect fraudsters from investors. It's supposed to be the other way around.

NEWS BROKER DEALERS JUN 08, 2010
Ex-Raymond James exec sues, says he was fired after chemo

A former executive at Raymond James & Associates Inc. sued the company for $6 million, claiming he was fired after falling asleep as a result of chemotherapy.

RETIREMENT RETIREMENT PLANNING JUN 08, 2010
Blind spot for advisers: Clients' behavior

When comparing investment options, advisers need to look beyond traditional benchmarks such as alpha and fund manager tenure

RETIREMENT TAX JUN 08, 2010
Affluent brace for Obama's tax hikes

Jacked-up rates have wealthy Americans desperately seeking soothing. Muni bonds and Roth IRAs could help lessen the pain

Federal prosecutors probing Goldman: Sources
NEWS INDUSTRY NEWS JUN 07, 2010
Federal prosecutors probing Goldman: Sources

It's been a tough week for the Wall Street giant. On Tuesday, the bank's executives were pilloried by a Senate subcommittee. Now, sources claim the U.S. attorney in New York is looking into transactions conducted by the firm.

INVESTING FIXED INCOME JUN 06, 2010
Finding openings in the closed-end-fund market: Podcast

Patrick Galley, manager of the $350 million RiverNorth Core Opportunity Fund Ticker:(RNCOX) sees opportunities in select closed-end funds, particularly as investors in general sit too cautiously on the sidelines.

INVESTING FIXED INCOME JUN 03, 2010
K.C. Fed boss Hoenig wants rate hike - and soon

Kansas City Federal Reserve Bank President Thomas Hoenig said the U.S. economic recovery has the momentum to sustain itself and called for an increase in the target federal funds rate to 1 percent by the end of the summer.

Investors missing out on 'epic earnings recovery,' says Putnam's Thakore
NEWS INDUSTRY NEWS JUN 02, 2010
Investors missing out on 'epic earnings recovery,' says Putnam's Thakore

The economy is in a lot better shape than most people think, according to Nick Thakore, manager of the $4 billion Putnam Voyager Fund

Indictment, emails reveal disturbing details in alleged muni bond bid-rigging scheme
NEWS INDUSTRY NEWS JUN 02, 2010
Indictment, emails reveal disturbing details in alleged muni bond bid-rigging scheme

For three years, the Justice Department has been probing a purported massive conspiracy in the muni bond market. An inside look at the government's investigation reveals how banks, traders, advisers and brokers allegedly cheated towns and taxpayers out of billions of dollars.

NEWS REGULATION AND LEGISLATION JUN 02, 2010
SEC targets shady practices in muni bond market

The securities regulator aims to boost transparency -- and curb conflicts of interest -- in the $2.8T municipal issuance industry