Industry News

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NEWS RIAS APR 07, 2010
One year later, full examination of crisis lacking

A year after the financial equivalent of Hurricane Katrina struck, damaging the world's economies, devastating the major capital markets and demolishing major financial institutions, it is worthwhile to examine

By MFXFeeder
This is how inflation begins
NEWS INDUSTRY NEWS APR 06, 2010
This is how inflation begins

Not surprisingly, it often starts with a geometric rise in government debt. Sound familiar?

By Jeffrey D. Saut
NEWS WIREHOUSES APR 06, 2010
Recruiting tug of war: The internal brokerage battle

Within the individual brokerage firms, there is an ongoing tug of war going on. On one side are Branch Managers who are put under pressure to hire.

By DSARCH
NEWS BROKER DEALERS APR 06, 2010
Sykes letter to IN: Closure of GunnAllen was a surprise

<i>The following is a letter from John Sykes, the largest single shareholder in defunct broker-dealer GunnAllen Financial, in response to this question posed by InvestmentNews news editor Bruce Kelly late last month: &#8220;What happened at GunnAllen?&#8221;</i>

By Mark Bruno
NEWS LIFE INSURANCE AND ANNUITIES APR 06, 2010
HSAs a health care reform winner?

HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006

By Bloomberg
NEWS INDUSTRY NEWS APR 06, 2010
TD Bank's profit soars in 1Q -- despite a dip at TD Ameritrade

By Associated Press
NEWS INDUSTRY NEWS APR 05, 2010
Bear Stearns honchos grilled on collapse

Executives testified today that they did all they could to keep Bear Stearns

By Associated Press
NEWS INDUSTRY NEWS APR 05, 2010
Buybacks, job report likely to push stocks even higher

The stock market has been on some run of late, with the S&amp;P 500 index up nearly 5% in the first quarter. With cash-rich corporates eyeing stock buybacks, expect more of the same.

By John Goff
NEWS INDUSTRY NEWS APR 05, 2010
Federal Reserve holds rates at record lows, brews internal dissent

The Federal Reserve repeats its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.

By Associated Press
Buffett lunch: Investment firm set for $1.7M meal with Omaha's Oracle
NEWS INDUSTRY NEWS APR 05, 2010
Buffett lunch: Investment firm set for $1.7M meal with Omaha's Oracle

The Canadian investment firm that paid $1.68 million last year to win lunch with billionaire investor Warren Buffett is about to collect its prize.

By Associated Press
Credit-counseling group launches site for Hispanics
NEWS INDUSTRY NEWS APR 04, 2010
Credit-counseling group launches site for Hispanics

Financial literacy has gone bilingual.

By Amanda Fiscina
NEWS INDUSTRY NEWS APR 02, 2010
Employers added most jobs in three years in March

The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.

By Bloomberg
NEWS INDUSTRY NEWS APR 02, 2010
Money manager charged in $190M Ponzi scheme

An Apple Valley, Minn., money manager is charged with orchestrating a Ponzi scheme that allegedly defrauded at least 1,000 victims out of $190 million.

By Bloomberg
NEWS INDUSTRY NEWS APR 02, 2010
IPO market on pace for best two weeks since '07

With five companies slated to go public next week, the initial-public-offering market is on track for its best two-week period since December 2007 &#8212; when there were 13 IPOs spread over two weeks.

By Jeff Benjamin
March madness boosts the profile of one small Kentucky advisory firm
NEWS INDUSTRY NEWS APR 02, 2010
March madness boosts the profile of one small Kentucky advisory firm

Starting today, viewers will be glued to the TV for the NCAA men's basketball tournament. But one financial firm in Kentucky is drawing clients in with its own tourney attraction

By Lisa Shidler
NEWS REGULATION AND LEGISLATION APR 02, 2010
Ex-Nebraska fullback to face fraud charges in investment scam

A judge has decided prosecutors have enough evidence to try two former Nebraska City brokers accused of defrauding investors out of more than $20 million.

By Associated Press
NEWS RIAS APR 02, 2010
Advisers weigh benefits of new VA products

Now that the days of generous variable annuities are behind them, some advisers are finding ways to fit the revamped, slimmed-down versions into clients' portfolios.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES APR 02, 2010
Saybrus Partners' Brian Laubacker joins The Hartford

Brian Laubacker has joined The Hartford Financial Services Group Inc. Mr. Laubacker will serve as a regional vice president of sales in the western U.S. for The Hartford's individual life insurance division.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES APR 02, 2010
Hartford set to launch new independent agent program

The Hartford Financial Services Group Inc. has begun recruiting independent insurance agents to sell fixed life insurance products while retaining their own autonomy.

By Darla Mercado
NEWS INDUSTRY NEWS APR 01, 2010
Scottrade names leader of adviser services unit

Scottrade today announced that is has promoted Brian Davis to lead Scottrade Advisor Services.

By Dan Jamieson