Industry News

Displaying 35379 results
NEWS INDUSTRY NEWS DEC 07, 2010
OppenheimerFunds' Steinmetz hot on high-quality stocks, low-quality bonds

The best opportunities in the market right now are in “high-quality stocks and low-quality bonds,” according to Art Steinmetz, who took over this week as chief investment officer at OppenheimerFunds Inc.

By Bloomberg
NEWS RETIREMENT PLANNING DEC 07, 2010
OppenheimerFunds unit tapped to manage $160M 529 plan

By Jessica Toonkel
NEWS INDUSTRY NEWS DEC 07, 2010
No.1 threat to U.S. stocks? Money managers offer surprising answer

The debt crisis spreading across parts of Europe is seen as the biggest threat to the performance of the U.S. stock market over the next 12 months, according to a survey of professional money managers.

By Jeff Benjamin
Ex-UBS commodities exec arrested in fraud scheme
NEWS INDUSTRY NEWS DEC 06, 2010
Ex-UBS commodities exec arrested in fraud scheme

A former co-head of UBS AG's municipal derivatives group faces a fraud charge tied to a $100,000 kickback for steering an investment agreement with a U.S. state to another bank.

By Mark Bruno
NEWS REGULATION AND LEGISLATION DEC 06, 2010
Convicted Ponzi scammer wants OK to sue his attorney

An Omaha businessman convicted of bilking elderly investors out of millions of dollars wants the Nebraska Supreme Court to reinstate his lawsuit against his business attorney.

By Associated Press
NEWS RIAS DEC 06, 2010
Put 12(b)-1 reform on the front burner

The SEC should move with haste to revamp 12(b)-1 fees

By MFXFeeder
NEWS INDUSTRY NEWS DEC 06, 2010
Suddenly, investors in grip of red gold fever

Copper prices on the march, thanks to China consumption; 'the right time to stockpile it'

By Bloomberg
NEWS RIAS DEC 06, 2010
RIA audits less frequent, tougher and 'kind of mean'

Dodd-Frank will be leading to changes in the SEC's adviser exam program, according to Robert Stype, managing partner at ACA Compliance Group.

By Bloomberg
NEWS REGULATION AND LEGISLATION DEC 06, 2010
DOL sues four investment firms over Madoff losses

The U.S. Labor Department sued four investment firms for allegedly failing to examine swindler Bernard Madoff's business practices before entrusting him with hundreds of millions of dollars in pension funds.

By Bloomberg
NEWS INDUSTRY NEWS DEC 06, 2010
Porter on gold: Too late to buy, too soon to sell

It may too late to jump on the gold bandwagon, but it's also too early to bail out of the precious metal, according to Jim Porter, manager of the Aston/New Century Absolute Return Fund Ticker:(ANENX).

By Jeff Benjamin
NEWS WIREHOUSES DEC 06, 2010
No contest: Merrill stomping MSSB in wirehouse wars

In the clash of the two largest U.S. brokerages, Bank of America Merrill Lynch is generating more profit with fewer people than Morgan Stanley Smith Barney LLC.

By Bloomberg
NEWS WIREHOUSES DEC 06, 2010
Upstart HighTower snags $10B broker

Former Wall Street chieftains Philip Purcell and David Pottruck’s plan to snatch superstar brokers for a start-up advisory firm and independent broker-dealer is making significant strides as a top broker is preparing to leave the ruins of his old firm and go independent.

By Bruce Kelly
NEWS RIAS DEC 06, 2010
Superstar snatched from ruins of Wall St. to fledging RIA

Wall Street is likely to lose yet another superstar securities broker to the investment advisory side of the business, as Richard Saperstein prepares to leave JPMorgan Securities and take his $10 billion book of business to a startup, according to sources.

By Bruce Kelly
NEWS INDUSTRY NEWS DEC 05, 2010
Jim Rogers: 'More crises down the road'

Ireland and Greece should have declared bankruptcy. Ben Bernanke is inept. College students should abandon their finance programs and study agriculture or mining.

By Andrew Osterland
NEWS RIAS DEC 05, 2010
Special report: The top RIAs

Who are the largest RIAs in the country? What firms are growing faster than all of the others? Find out in the latest quartely version of this <i>InvestmentNews</i> special report

By Mark Bruno
NEWS TAX DEC 05, 2010
Don't forget appreciated securities

Although it is widely underused, donating appreciated securities is perhaps the most straightforward and tax-smart way to give

By Jonathan Bernstein
NEWS INDUSTRY NEWS DEC 05, 2010
Impact investing is poised to experience growth surge

With an insider trading probe sweeping across the financial services industry and a multibillion-dollar sovereign-debt crisis unfolding in Europe, investors might find the feel-good idea of impact investing appealing right about now.

By Jeff Benjamin
NEWS RIAS DEC 05, 2010
Coalition puts tax strategy patents in its cross hairs

A broad coalition of accounting, financial planning and consumer groups are hoping that the new Congress will take up a long-sought-after ban on the practice of patenting tax strategies

By Dan Jamieson
NEWS BROKER DEALERS DEC 05, 2010
Finra slaps Next with $400,000 fine

Next Financial Group Inc. was hit last month with its third significant regulatory action in three years when Finra socked it with a $400,000 fine and $102,000 in restitution to clients.

By Bruce Kelly
NEWS LIFE INSURANCE AND ANNUITIES DEC 05, 2010
Morningstar's tale of two data displays

Morningstar Inc. may consider reviewing the way it displays information to financial advisers and their clients about returns on variable annuity subaccounts.

By Darla Mercado