Bloomberg

Bloomberg
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REGULATION AND LEGISLATION JUN 25, 2010
Feds bust 'pretty inept' $45M Ponzi scheme

A New Jersey woman was charged with directing a $45 million real estate Ponzi scheme that allegedly defrauded more than 20 investors in New York and New Jersey.

BP's crumbling credit rating: From AA+ to near junk in 12 days
FIXED INCOME JUN 25, 2010
BP's crumbling credit rating: From AA+ to near junk in 12 days

Fitch slashes embattled energy company's senior unsecured debt rating six notches. Is non-investment grade the next stop?

REGULATION AND LEGISLATION JUN 25, 2010
SEC sues duo who ran alleged $300M Ponzi scheme

The U.S. Securities and Exchange Commission sued two Canadian men, accusing them of running a $300 million Ponzi scheme that promised returns of as much as 36 percent on investments in gold-mining companies.

MUTUAL FUNDS JUN 25, 2010
Why Bill Miller is betting on Goldman Sachs

Legg Mason Inc.'s Bill Miller said he is sticking with his bets on Goldman Sachs Group Inc. because the fallout from the fraud accusations against the bank will probably be limited.

RIA NEWS JUN 25, 2010
Broker who cost investors $1B ordered to prison

Former Credit Suisse Group AG broker Eric Butler, free while appealing his conviction for fraudulently selling subprime securities that cost investors more than $1.1 billion in losses, was ordered to begin serving his prison sentence.

REGULATION AND LEGISLATION JUN 24, 2010
SEC limits political gifts from advisers to pension funds

Under the rule, if an investment adviser or certain employees of an advisory firm contribute to a politician with influence over hiring, they cannot be paid by the pension fund for two years.

RIA NEWS JUN 24, 2010
How the Dow's decline will change your elevator speech

Business propositions that center on making money through investing is out of sync with the times.

ALTERNATIVES JUN 24, 2010
Retail investors flocking to 'one of the all-time suckers' bets'

Drawn by tales of fast money in the land of iron condors, retail traders are swarming the futures market. But do they know what they're doing?

RETIREMENT PLANNING JUN 24, 2010
IN's Cooper: Why investors will rarely see the gorilla in the room

Rational markets? Hardly. In reality, humans tend to have a narrow focus -- often missing the obvious

JPMorgan shuffles execs, sets stage for Dimon's successor
RIA NEWS JUN 23, 2010
JPMorgan shuffles execs, sets stage for Dimon's successor

JPMorgan Chase CEO Jamie Dimon named longtime associate Heidi Miller to the new post of president of J.P. Morgan International as part of a management shuffle to groom an eventual successor.