Bloomberg

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RIA NEWS OCT 24, 2008
Markets hit hard in Europe, Asia

Sobering economic news in Europe, combined with continuing concerns about the U.S. economy, shattered markets in Europe and Asia today.

REGULATION AND LEGISLATION OCT 24, 2008
Exec settles insider trading case

The SEC has settled with the owner of an investor relations firm who illegally traded the stock of Manatron Inc., an information technology company.

REGULATION AND LEGISLATION OCT 24, 2008
Financial organizations receive threats

More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices.

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
Treasury wants to recapitalize insurers

The Treasury Department wants insurance companies to participate in its $700 billion bailout program —and it may take equity stakes in return.

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
U.K. insurer mulls purchase of AIG units

Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.

ALTERNATIVES OCT 24, 2008
Gold prices rise more than 2%

The price of an ounce of gold for December delivery increased more than 2% in Friday trading, following a decrease of more than $190 .

RIA NEWS OCT 24, 2008
Earnings drop for T. Rowe, Federated, Franklin

T. Rowe Price Group Inc. reported its first profit drop since 2003 today as weak credit conditions led to a steep decline in inflows.

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
Jury finds that Unum defrauded U.S.

A Boston federal jury found that disability insurer Unum Group committed fraud against the United States in some of its disability cases.

REGULATION AND LEGISLATION OCT 24, 2008
PIABA to continue reform push

The plaintiff's bar will continue pushing for the elimination of industry arbitrators, said Brian Smiley, the new president of PIABA.

REGULATION AND LEGISLATION OCT 23, 2008
Still more reg reform needed, Greenspan says

Following the “breakdown of the central pillar of competitive markets,” new regulatory changes will be needed in the areas of fraud, settlements and securitization in order for the financial markets to “return to stability,” former Federal Reserve Chairman Alan Greenspan said today.