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RIA NEWS JAN 07, 2009
Tax status of indie contractors requires clarification

Misclassification of workers as independent contractors remains on the list of top issues that the National Taxpayer Advocate recommends that Congress address.

ALTERNATIVES JAN 07, 2009
REIT returns fell 37.3% in 2008

Real estate investment trusts wrapped up 2008 with negative returns, including dividends, of 37.3% on average.

RIA NEWS JAN 07, 2009
Wealthy gain confidence

Confidence among wealthy investors rebounded in December, though pessimism still lingers, according to a report from Spectrem Group.

REGULATION, LEGAL & COMPLIANCE JAN 07, 2009
Obama said to ask Bair to stay

President-elect Barack Obama intends to retain FDIC Chairman Sheila C. Bair in her post, Democratic Party officials told The Wall Street Journal.

FIXED INCOME JAN 07, 2009
SIFMA adds municipal bond expert

SIFMA has hired Leon J. Bijou as managing director and associate general counsel in a bid to expand its municipal bond expertise.

EMERGING MARKETS JAN 07, 2009
Assets in Shariah-compliant funds fall

Mutual funds and discretionary assets that comply with Shariah, or Islamic law, fell to $65 billion at the end of the third quarter.

REGULATION, LEGAL & COMPLIANCE JAN 07, 2009
Madoff suckered longtime friend

Just 10 days before his arrest, Bernard Madoff received $250 million from a financial backer in an apparent bid to prevent the collapse of his firm.

RIA NEWS JAN 07, 2009
Equity underwriting doldrums to linger

Hard times aren’t over yet for The Goldman Sachs Group Inc. and Morgan Stanley, two investment banking powers that recently converted to bank holding companies.

LIFE INSURANCE AND ANNUITIES JAN 07, 2009
Pennsylvania commissioner seizes insurer

Pennsylvania’s insurance commissioner yesterday seized control of Penn Treaty Network America Insurance Co., a foundering long term care insurer, because it’s having difficulty maintaining appropriate capital levels.

REGULATION, LEGAL & COMPLIANCE JAN 07, 2009
Britain to end short-sale ban Jan. 16