Industry News

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NEWS INDUSTRY NEWS NOV 01, 2011
Don't abandon commodities

Although commodities are falling down on the job as a portfolio diversifier in the rough-and-tumble markets, it would be a big mistake to give up on the asset class altogether

By Jeff Benjamin
NEWS INDUSTRY NEWS NOV 01, 2011
Value stocks best bet to navigate choppy seas

Large-cap-value stocks stand out as the clear favorite in equities for the year ahead

By Jeff Benjamin
Occupy Wall Street now occupying more of Wall Street
NEWS REGULATION AND LEGISLATION NOV 01, 2011
Occupy Wall Street now occupying more of Wall Street

As hundreds milled about at Zuccotti Park today in Manhattan's Financial District, it became clear that Occupy Wall Street isn't just a young person's movement anymore. And it's gathering momentum.

By Darla Mercado
NEWS INDUSTRY NEWS NOV 01, 2011
ARS mess could cost Raymond James up to $50M

Firm says that's the potential loss if it has to buy back auction-rate securities at this time; investigations pending

By Bruce Kelly
Can anybody fix Goldman's brokerage?
NEWS INDUSTRY NEWS NOV 01, 2011
Can anybody fix Goldman's brokerage?

Despite the glitter of the Goldman Sachs name, the bank's asset management operation continues to sputter. One telltale benchmark: the unit has had eight bosses in eight years. Can 'Lloyd's Boys' turn things around?

By John Goff
Corzine to Street: Get real
NEWS INDUSTRY NEWS NOV 01, 2011
Corzine to Street: Get real

Jon Corzine, the former Democratic senator and governor of New Jersey, is warning the financial services industry: Don't try to fight the financial-reform bill being debated in Congress.

By Jessica Toonkel Marquez
Ex-Goldman chairman Corzine defends embattled firm
NEWS INDUSTRY NEWS NOV 01, 2011
Ex-Goldman chairman Corzine defends embattled firm

Jon Corzine, the former Democratic senator and governor of New Jersey, came to the defense of his old employer, Goldman Sachs Inc,. in remarks at the Investment Company Institute's General Membership Meeting on Wednesday afternoon.

By Jessica Toonkel Marquez
NEWS INDUSTRY NEWS NOV 01, 2011
Corzine returns to Wall Street as boss of brokerage MF Global

Former Goldman Sachs boss -- and onetime N.J. governor -- Jon Corzine finds a new challenge: righting the ship at struggling brokerage MF Global

By Associated Press
NEWS EQUITIES OCT 31, 2011
Franklin Templeton: Is global the new core?

By Mark Bruno
NEWS RIAS OCT 31, 2011
Vigilant compliance must be grounded by ethics

The following is an edited version of an Oct. 17 speech by Carlo V. di Florio, director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations, at the annual meeting of the National Society of Compliance Professionals in Baltimore

By MFXFeeder
Good news on GDP, Europe fuel market surge
NEWS INDUSTRY NEWS OCT 31, 2011
Good news on GDP, Europe fuel market surge

Economic data to be released today is expected to show that GDP picked up in the third quarter as did sales of existing homes. Meanwhile, the number of new claims for unemployment likely dropped off. | <B>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111025&amp;Category=FREE&amp;ArtNo=102509999&amp;Ref=PH>Hottest housing markets</a>

By John Goff
NEWS RIAS OCT 31, 2011
Fiduciary standard is an RIA's best friend

Every time the debate over the fiduciary standard of client care hits the news, RIAs pick up a few more clients

By Lavonne Kuykendall
Financial planning registers worldwide growth
NEWS RIAS OCT 30, 2011
Financial planning registers worldwide growth

Financial planning is growing as a profession around the world, according to an organization that sets standards for its practitioners.

By Mark Schoeff Jr.
NEWS RIAS OCT 30, 2011
Top RIAs on the wealth business: What lies ahead

Evercore Wealth Management's Charles Ryan talks about his firm's recent growth an expansion -- and what lies ahead for the rest of 2011 and 2012. For more INTV with top RIAs, <a href=www.investmentnews.com/section/multimedia?playerType=INTV>click here.</a>

By Mark Bruno
NEWS RIAS OCT 30, 2011
A bipartisan jobs plan is the top priority

It is time our elected leaders and presidential wannabes treat America's jobs crisis as the social and economic catastrophe that it is, and not just as fodder for 2012 campaigns

By MFXFeeder
NEWS INDUSTRY NEWS OCT 30, 2011
Lending drought strands advisory clients

Although interest rates are near record lows, many financial advisory clients still face a challenging lending environment for securing small-business loans and refinancing mortgages

By Liz Skinner
NEWS RIAS OCT 30, 2011
Personal Capital ventures into online-advice arena

With Americans practically addicted to the Internet, a web-based investment advisory business would seem to be an idea whose time has come

By Lavonne Kuykendall
NEWS INDUSTRY NEWS OCT 28, 2011
Black eye

The news that an ex-director at Finra allegedly doctored reports requested by the SEC could not have come at a worse time for the SRO | <i>Reader's take:</i> <b>&quot;Now we have the regulators incapable of regulating the regulators!&quot;</b><br>Want to vent? <a href=http://www.investmentnews.com/article/20111027/FREE/111029943?plckFindCommentKey=CommentKey:3b60a713-8905-4c6d-92f9-8b154de56242>Click here</a>

By John Goff
The tea leaves say 'sell,' according to this portfolio manager
NEWS EQUITIES OCT 28, 2011
The tea leaves say 'sell,' according to this portfolio manager

Frank A. Barbera Jr., co-portfolio manager of the Sierra Core Retirement Fund, tracks a staggering number of jobs reports and other economic indicators. They all say the same thing, he says.

By Bloomberg
Insurance regulators vote for stronger annuity disclosure
NEWS LIFE INSURANCE AND ANNUITIES OCT 28, 2011
Insurance regulators vote for stronger annuity disclosure

A group of state insurance regulators voted yesterday to adopt amendments to an annuity disclosure model that would give customers a detailed breakdown of product features.

By Darla Mercado