Industry News

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NEWS INDUSTRY NEWS MAY 05, 2010
Pimco's El-Erian: Greece on the verge of becoming 'global phenomenon'

What is less well understood at this stage is that the externalities, negative and positive, are not limited to Europe.

By Mohamed El-Erian
Opinion: Three reasons the Greek bailout is doomed
NEWS REGULATION AND LEGISLATION MAY 05, 2010
Opinion: Three reasons the Greek bailout is doomed

Investors are nervous about the Greek bailout, but they're nervous for the wrong reasons. Yes, it is possible that other debt-ridden European nations may soon beg for bailouts. But that's just a small part of the story

By Rob Parenteau
Peter Schiff: Chaos is not confined -- U.S. could see another crisis
NEWS INDUSTRY NEWS MAY 05, 2010
Peter Schiff: Chaos is not confined -- U.S. could see another crisis

As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory.

By Peter Schiff
NEWS INDUSTRY NEWS MAY 05, 2010
Advisers on the move: Capital Analysts snags $400M team

A team of six advisers from SMH is on the move

By Mark Bruno
NEWS INDUSTRY NEWS MAY 05, 2010
Volatility expert wins NAAIM research award

Research paper details several methods for predicting volatility to specify levels of leverage that can increase performance with less risk

By Jeff Benjamin
NEWS INDUSTRY NEWS MAY 05, 2010
Did Goldman dump its dregs on clients? Internal emails offer clues

Newly released internal emails seem to show that the Wall Street titan looked to sell bonds the firm found too risky to hold

By Bloomberg
E-mails shed unflattering light on Goldman CDO sales
NEWS INDUSTRY NEWS MAY 05, 2010
E-mails shed unflattering light on Goldman CDO sales

Goldman Sachs boss Lloyd Blankfein is testifying in Congress today. Yesterday, a Senate panel released Goldman e-mails that may not enhance the firm's reputation with some clients

By Bloomberg
NEWS WIREHOUSES MAY 05, 2010
Citigroup wins dismissal of 'baseless' suit over brokers' signing bonuses

Citigroup Inc. won dismissal of a lawsuit by six former brokers who said they shouldn't have to pay back the balance on their signing-bonus loans totaling $1.51 million.

By Mark Bruno
NEWS INDUSTRY NEWS MAY 05, 2010
Bear Stearns alum twice burned

In a dramatic comeback, the defunct firm's longtime CFO was about to be named CEO of Pali Capital. It wasn't meant to be

By Crain's New York Business
NEWS RETIREMENT PLANNING MAY 05, 2010
Rep or fiduciary? Labor department says, 'Choose'

Proposed regulations that would limit the way that financial advisers are compensated for working with retirement plans are forcing broker-dealers to reconsider how their -representatives sell and advise retirement plans.

By Darla Mercado
Ex-broker hits Citi with suit over its bid to claw back signing-bonus loan
NEWS INDUSTRY NEWS MAY 05, 2010
Ex-broker hits Citi with suit over its bid to claw back signing-bonus loan

Citigroup Inc. has been smacked with a suit from a former broker who is trying to stop the New York-based banking behemoth from clawing back the remainder of a signing bonus he owes for leaving the firm in 2006.

By Sue Asci
NEWS INDUSTRY NEWS MAY 04, 2010
Alternatives to annuities? Plenty, say advisers

Insurance offerings aren't the only products that generate retirement income.

By Darla Mercado
NEWS RETIREMENT PLANNING MAY 04, 2010
Markets are up, but many still grieving: Academic

Andrew Lo, a professor of finance at Massachusetts Institute of Technology, says it's normal for clients who suffered huge losses to continue to have difficulties making logical decisions

By Lisa Shidler
NEWS RETIREMENT PLANNING MAY 04, 2010
IN Retirement Income Summit: Pics from the CBOE

By John Goff
NEWS RETIREMENT PLANNING MAY 04, 2010
Clients need a little LTC advice

Discussing long-term health care insurance is difficult but necessary

By Lisa Shidler
NEWS LIFE INSURANCE AND ANNUITIES MAY 04, 2010
Retirement industry group backs annuities in 401(k)s

Annuity advoacy organization also wants the government to make it easier for plan sponsors to offer the investments to employees

By Darla Mercado
NEWS RIAS MAY 04, 2010
Former UBS reps form new RIA

Three former UBS advisers form an independent registered investment advisory firm called Mississippi Investment Management.

By Lisa Shidler
NEWS INDUSTRY NEWS MAY 04, 2010
UBS boss defends bonuses, plan to absolve former execs

"We are a different bank from a year ago," insisted chief executive Oswald Gruebel

By Associated Press
NEWS INDUSTRY NEWS MAY 04, 2010
Waiving commissions on ETFs not a big draw, study finds

Firms need not offer exchange-traded funds commission-free — or at a discount — to accumulate ETF assets.

By Bloomberg
NEWS INDUSTRY NEWS MAY 04, 2010
Price war heats up as Schwab lowers online commission on stock and ETFs

By Jed Horowitz