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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

Bull or bear market? Money managers part company
RIA 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

Market rot produces bumper crop for tax-loss harvesters
RIA 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
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

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
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.

The market is always right – or so we hope
FIXED INCOME MAY 19, 2010
The market is always right – or so we hope

Economists would likely agree that the bond market rally is the market's rational response to current (albeit heavily government-influenced) reality. But there's a disturbing signal ahead.

Buffett's been selling — but what's he buying?
RIA NEWS MAY 18, 2010
Buffett's been selling — but what's he buying?

Some intriguing stock purchases of late from Berkshire's boss; 'ample cash'

WIREHOUSES MAY 18, 2010
Finra bars ex-Deutsche Bank broker for manipulating stock price

Edward Brokaw, a former Deutsche Bank AG broker, was barred from the securities industry for manipulating the price of Monogram Biosciences stock in an effort to enrich a hedge-fund client, himself and his family, the Financial Industry Regulatory Authority said today.

Hedge funds record worst month since Lehman aftermath
RIA NEWS MAY 18, 2010
Hedge funds record worst month since Lehman aftermath

Firms see biggest one-month loss since Lehman went bust, as bets aimed at minimizing losses didn't. The question now: What will June bring?