Bloomberg

Bloomberg
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FIXED INCOME MAR 03, 2009
Fitch’s plan to change muni ratings put on hold

Fitch Ratings is putting off a review of its municipal ratings program because of the economic downturn.

RIA NEWS MAR 03, 2009
Sen. Levin seeks to close tax-haven loophole

The offshore tax-haven loophole could be getting a lot smaller if Sen. Carl Levin, D-Mich., has his way.

ALTERNATIVES MAR 03, 2009
RIAs lash out at Schwab hedge fund decision

A consortium of RIAs is “actively looking elsewhere” for custodial partners after Charles Schwab said it would stop accepting custody of alternative investments.

ALTERNATIVES MAR 03, 2009
Homes sales hit new low in January

The number of people signing contracts to buy homes tumbled to a new low in January.

ALTERNATIVES MAR 03, 2009
Hedge funds 4Q outflow largest since ‘94

Investors yanked about $147 billion from hedge funds worldwide in the fourth quarter of 2008, a 689% decline from the third quarter.

RIA NEWS MAR 03, 2009
At a glance: American Recovery and Reinvestment Act

You have received a barrage of telephone calls from your clients asking how the new stimulus package might affect them.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
SIPC raises assessment fees on brokerage firms

The Securities Investor Protection Corp. will raise member brokerage firm assessments to 0.25% of net operating revenue. The new rate, up from the current flat $150 per year, is effective April 1.

RIA NEWS MAR 02, 2009
Manufacturing slump expected to continue

RIA NEWS MAR 02, 2009

RIA NEWS MAR 02, 2009
U.S. to provide another $30B to AIG after $61.7B loss

The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company another $30 billion on an "as needed" basis.