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NEWS INDUSTRY NEWS MAY 24, 2010
Pax World to offer 'gender' indexes

A new series of benchmark indexes that will invest solely in companies that promote gender equality is in the works.

INVESTING ESG MAY 24, 2010
Pax to launch socially conscious ETFs

Pax, based in Portsmouth, N.H., plans to list three ETFs on NYSE Arca, a division of New York-based NYSE Euronext, according to a Securities and Exchange Commission filing last week.

NEWS REGULATION AND LEGISLATION MAY 21, 2010
Lehman Brothers estate sues JPMorgan Chase

The estate alleges in a lawsuit filed Wednesday that JPMorgan forced the now-failed bank to put up collateral that sapped Lehman of cash.

NEWS REGULATION AND LEGISLATION MAY 20, 2010
Regulators OK plan to police banks' pay policies

The regulators won't actually set compensation. Instead, they would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.

Bull or bear market? Money managers part company
NEWS INDUSTRY NEWS MAY 20, 2010
Bull or bear market? Money managers part company

The stock market appears to be headed for yet another strange day in May, with share prices plunging, then rallying. then falling again. Given the recent market gyrations, money managers disagree on whether it's time to abandon ship

NEWS REGULATION AND LEGISLATION MAY 20, 2010
Next hotbed for securities fraud cases? You'd be surprised

U.S. prosecutors in Virginia plan to step up pursuit of financial fraud cases, taking advantage of a court holding two years ago that their district has jurisdiction over crimes linked to federal securities filings

Market rot produces bumper crop for tax-loss harvesters
NEWS INDUSTRY NEWS MAY 20, 2010
Market rot produces bumper crop for tax-loss harvesters

Market volatility presents an opportunity to offset gains with losses. Is it worth the hassle? Experts say tax-loss harvesting can boost portfolio returns by as much as seven percentage points

'Significant fight' brewing over fiduciary amendments
NEWS REGULATION AND LEGISLATION MAY 20, 2010
'Significant fight' brewing over fiduciary amendments

Arlen Specter's call for criminal penalties is sure to draw fire from Republicans on the hill and lobbyists in the Senate reception room

NEWS REGULATION AND LEGISLATION MAY 19, 2010
Judge slams ex-Merrill broker's proposed plea deal

The former Maxim Group broker allegedly lied to Merrill about his book of business, then purportedly made off with a $780K inducement loan

Allen Stanford sued by American Express over credit card debt
NEWS REGULATION AND LEGISLATION MAY 19, 2010
Allen Stanford sued by American Express over credit card debt

Indicted financier R. Allen Stanford was sued by a unit of American Express Co. for $115,712.79 in back credit card debt.