Bloomberg

Bloomberg
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RIA NEWS NOV 18, 2009
Merrill Lynch to cough up $8.5M to Florida over auction-rate securities

Merrill Lynch &amp; Co. Inc. will pay Florida $8.5 million to settle claims that the brokerage firm's financial advisers misled their clients about auction-rate securities, according to a <a href=http://www.orlandosentinel.com/business/orl-biz-merrill.settles-090109,0,4894709.story>report</a> in the Orlando Sentinel.

RIA NEWS NOV 18, 2009
Kansas to receive $5M from auction rate securities settlements

Kansas has received a total of $5 million from multistate settlements with four investment companies.

RIA NEWS NOV 18, 2009
Schwab defies New York AG on buying back auction rate securities

The Charles Schwab Corp. today said it will not meet New York Attorney General Andrew Cuomo's demand that it repurchase auction rate securities from clients that purchased them from the discount-brokerage firm, even though its exposure to a buyback is relatively limited.

PRACTICE MANAGEMENT NOV 17, 2009
Palace coup? 'Cash king' arrested, charged in alleged securities scam

State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.

REGULATION AND LEGISLATION NOV 17, 2009
Obama administration targeting financial fraud

The Obama administration has formed a new task force to target financial fraud &#8212; replacing an earlier corporate fraud task force.

ETFS NOV 17, 2009
Pimco jumps into actively managed ETF biz

RIA NEWS NOV 17, 2009
UBS wealth management unit loses assets and advisers but still turns a 3Q profit

UBS AG's wealth management business in the Americas returned to profitability in the third quarter, despite losing financial advisers and client assets.

RIA NEWS NOV 17, 2009
September pending home sales rise 6.1 percent

The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.

RIA NEWS NOV 17, 2009
Home prices rise in most major cities in August

U.S. home prices rose for the third straight month in August, data Tuesday showed, a key sign for a broad and sustained housing recovery.

LIFE INSURANCE AND ANNUITIES NOV 17, 2009
Aviva USA has eye on guarantee wrapper with a managed account or 401(k), new CEO states

Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.