Industry News

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NEWS REGULATION AND LEGISLATION JUL 11, 2010
Poised on the brink, but of what?

The economy and stock market are sending mixed and confusing signals.

By MFXFeeder
NEWS INDUSTRY NEWS JUL 11, 2010
Don't push Big Pharma off a cliff just yet

By MFXFeeder
What does the stock market know about LeBron James' 'Decision'?
NEWS INDUSTRY NEWS JUL 09, 2010
What does the stock market know about LeBron James' 'Decision'?

Yesterday and today, he's moved the markets. And eventually, he will actually play basketball. But after tonight, all of the rumors about where LeBron James will play next year will finally come to an end – and so will the ride that one stock has had over the last two days because of all the speculation over King James' next move.

By Bloomberg
NEWS INDUSTRY NEWS JUL 09, 2010
LeBron should sign short deal, buy gold: Anti-inflation group

LeBron James, the National Basketball Association's Most Valuable Player the past two seasons, should sign a short-term contract and plow his wealth into gold and silver to protect himself against hyperinflation, according to the National Inflation Institute.

By Bloomberg
Tinker, tax adviser, planner, spy?
NEWS INDUSTRY NEWS JUL 09, 2010
Tinker, tax adviser, planner, spy?

Given that she's accused of being a Russian secret agent, Cynthia Murphy is probably the most famous financial planner on the planet.

By John Goff
NEWS INDUSTRY NEWS JUL 09, 2010
Upshot of European debt dilemma? Good value bets

The sovereign-debt crisis in Europe is resulting in huge opportunities for value investors, speakers told attendees at Morningstar Inc.'s 22nd annual Investment Conference in Chicago last week.

By Bloomberg
Motion to block L'Oreal estate trial lacks foundation: Court
NEWS RETIREMENT PLANNING JUL 09, 2010
Motion to block L'Oreal estate trial lacks foundation: Court

Elderly heiress loses bid to stop daughter from challenging $1.4B in gifts to younger man

By Bloomberg
NEWS INDUSTRY NEWS JUL 08, 2010
Randy Quaid sues advisers for plundering Hollywood millions

Actor Randy Quaid filed a lawsuit against his “trusted advisors” on Monday alleging that they defrauded him out of millions of dollars during a 20-year period.

By Lisa Shidler
Miami Heat cools investor interest in the Knicks
NEWS INDUSTRY NEWS JUL 08, 2010
Miami Heat cools investor interest in the Knicks

The Miami Heat cooled off investor interest this month in Madison Square Garden Inc., the company that owns the New York Knicks.

By Bloomberg
NEWS PRACTICE MANAGEMENT JUL 08, 2010
Wall Street hiring jumps most since 2008

The removal of uncertainty regarding Congress's financial reform bill may reinforce the employment rebound as some bankers are being offered guaranteed bonuses.

By Bloomberg
NEWS INDUSTRY NEWS JUL 07, 2010
Former Merrill Lynch wealth business to go public

First Republic Bank, the San Francisco lender purchased by private-equity firms from Bank of America Corp. at midyear, is planning an initial public offering.

By Mark Bruno
NEWS INDUSTRY NEWS JUL 07, 2010
Adviser info leaked

Advisers in Massachusetts were stunned after receiving a letter from the Massachusetts Securities Division, announcing that the regulator had accidentally leaked personal information on some 139,000 advisers registered in the Bay State.

By Bloomberg
NEWS RIAS JUL 07, 2010
Citigroup readies RIA referral program

Citi Personal Wealth Management, the last vestige of retail brokerage at Citigroup Inc. following its spinoff of Smith Barney last June, plans to launch its long-awaited referral program to outside registered investment advisers this summer.

By Jed Horowitz
NEWS INDUSTRY NEWS JUL 07, 2010
Schwab trims fees on six exchange-traded funds

By Jessica Toonkel Marquez
NEWS RIAS JUL 07, 2010
Pershing's Brueckner: Finra could add board to oversee RIAs

By Dan Jamieson
NEWS EMERGING MARKETS JUL 07, 2010
Money managers see pay dirt in oil crisis

By Jessica Toonkel Marquez
NEWS INDUSTRY NEWS JUL 07, 2010
Coming soon: Clarity on alternative investments?

In an age of automation, broker-dealers interested in alternative investments -- hedge funds, LLPs,, non-traded REITs and the like -- still rely on phone calls and faxes to conduct transactions. A new platform could change all that.

By Bruce Kelly
NEWS INDUSTRY NEWS JUL 07, 2010
Peter Schiff: Paul Krugman is wrong. We need deflation

In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar.

By Peter Schiff
NEWS INDUSTRY NEWS JUL 07, 2010
Peter Schiff: Why Paul Krugman should lose his Nobel Prize

In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back.

By Bloomberg
T. Boone: BP a good buy
NEWS INDUSTRY NEWS JUL 06, 2010
T. Boone: BP a good buy

Boone Pickens bullish on BP -- the oil company, that is; 'a little more heat' to come

By Bloomberg