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INVESTING MUTUAL FUNDS MAY 30, 2010
Collar Fund's Schwab uses options to manage risk

The volatility that has crept into the stock market over the past few weeks could turn out to be a selling point for The Collar Fund Ticker:(COLLX), managed by Thomas Schwab.

NEWS REGULATION AND LEGISLATION MAY 28, 2010
House passes jobs bill with fund managers' tax rise

The U.S. House approved legislation to extend unemployment insurance, restore some tax breaks and raise taxes on managers of buyout funds and other investment partnerships.

NEWS REGULATION AND LEGISLATION MAY 28, 2010
'Wiser' B-D exam program on the way, says Finra's boss

Finra is adopting a more “laserlike focus” on fraud, Rick Ketchum, CEO and chairman of the securities industry's self-regulator, said this morning in Baltimore at its annual conference.

Ken Starr's e-mails should bar release on bail, U.S. Says
NEWS RIAS MAY 27, 2010
Ken Starr's e-mails should bar release on bail, U.S. Says

Kenneth I. Starr, the money manager who pleaded guilty to fraud in September, should stay in jail until he's sentenced because of a series of e-mails in which he expressed “extraordinary contempt” for his brothers, who would guarantee his bail, U.S. prosecutors argued.

Bank of America sues adviser to the stars
NEWS REGULATION AND LEGISLATION MAY 27, 2010
Bank of America sues adviser to the stars

Kenneth Starr, who pleaded guilty in September in a $59 million fraud case, was sued by Bank of America Corp. over an unpaid $500,000 debt.

Martin Scorsese sued by Kenneth Starr receiver
YOUR PRACTICE PRACTICE MANAGEMENT MAY 27, 2010
Martin Scorsese sued by Kenneth Starr receiver

The receiver for firms once controlled by jailed money manager Kenneth I. Starr sued filmmaker Martin Scorsese and his production company for about $600,000.

NEWS REGULATION AND LEGISLATION MAY 27, 2010
Celebrity adviser Ken Starr set to face the heat

Money manager Kenneth I. Starr faces a Nov. 1 criminal trial on charges that he defrauded his celebrity and socialite clients of at least $59 million.

YOUR PRACTICE PRACTICE MANAGEMENT MAY 27, 2010
Ken Starr: How he became the adviser to the stars

Kenneth I. Starr knew how to cultivate relationships with powerful people, and he did it in the most transparent way -- by serial name-dropping.

Starr struck: Celebrity financial adviser slapped with suit
NEWS RIAS MAY 27, 2010
Starr struck: Celebrity financial adviser slapped with suit

Kenneth Starr, the investment adviser accused in a criminal indictment of stealing at least $59 million from clients, was sued by City National Bank, according to state court records in New York.

Kenneth Starr's lawyer: SEC should not be 'heartless' in treatment of jailed adviser
NEWS REGULATION AND LEGISLATION MAY 27, 2010
Kenneth Starr's lawyer: SEC should not be 'heartless' in treatment of jailed adviser

Lawyer Abbe Lowell appeared in court to at least temporarily represent jailed money manager Kenneth Starr and his wife and urged the U.S. Securities and Exchange Commission not to be “heartless.”