Industry News

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NEWS RETIREMENT PLANNING MAR 07, 2014
Who's most ready for retirement? Not Americans

New retirees are scrambling to get by in one of the least retirement-friendly countries in the developed world.

By CODONNELL
NEWS RETIREMENT PLANNING MAR 07, 2014
Senate committee faults Credit Suisse over tax dodgers

A Senate committee report will reprimand Credit Suisse Group AG for helping American clients dodge taxes and will criticize the Justice Department for not pursuing offshore banks aggressively enough, according to two people with knowledge of the findings.

By Matt Ackermann
NEWS INDUSTRY NEWS MAR 07, 2014
Credit Suisse in $196M settlement with SEC over unregistered advisory services

The firm strikes a $196 million settlement with the SEC over charges it provided cross-border advisory, brokerage services for 8,500 U.S. clients. A Justice Department investigation is pending.

By Mason Braswell
NEWS RETIREMENT PLANNING MAR 06, 2014
What retirees don't know can hurt them

Some divorced spouses are clueless about Social Security benefits

By Mary Beth Franklin
NEWS INDUSTRY NEWS MAR 06, 2014
Money pours into health care ETFs at fastest pace since 2008

Booming biotechnology and pharmaceutical sectors bringing new products to market attract record money

By Matt Ackermann
NEWS INDUSTRY NEWS MAR 06, 2014
SEC moves to halt 'pyramid scheme'

Securities regulators are working to halt what they call a pyramid scheme operated by people outside the U.S. and promoted on social media, promising unrealistic returns to investors.

By Gregory Crawford
NEWS WIREHOUSES MAR 06, 2014
Former Merrill Lynch broker accused of 18-year Ponzi scheme

A former Merrill Lynch broker already serving a 33-month sentence for securities fraud is back in the hot seat after being indicted for an 18-year Ponzi scheme.

By Mason Braswell
NEWS RETIREMENT PLANNING MAR 05, 2014
John Hancock B-D to terminate health and insurance benefits

Signator moving from career agency to IBD model

By Darla Mercado
NEWS INDUSTRY NEWS MAR 05, 2014
Tempted to pay for your grandkids' college? You're not alone

But beware that the strategy you use to contribute funds could make or break your retirement

By CODONNELL
NEWS RETIREMENT PLANNING MAR 05, 2014
White House budget proposal targets Social Security benefits

President Obama's plan takes aim at strategies used by upper-income claimants to increase their benefits

By Darla Mercado
NEWS RETIREMENT PLANNING MAR 05, 2014
White House budget proposal targets Social Security benefits

President Obama's plan takes aim at strategies used by upper-income claimants to increase their benefits.

By Darla Mercado
NEWS EQUITIES MAR 05, 2014
Musk's next move; brokers fail to report trouble

The Tesla chief wants to get into military satellite launching. Plus, brokers failing to report trouble to Finra, stocks (and Costco earnings) drop, the Citi/Oceanografia plot thinkens, who you should follow on Twitter, and more.

By Mason Braswell
NEWS INDUSTRY NEWS MAR 05, 2014
What Warren Buffett considers his best investment

The billionaire recently cited buying a copy of “The Intelligent Investor” by Benjamin Graham as money well spent

By Matt Ackermann
NEWS INDUSTRY NEWS MAR 05, 2014
Beware: Pyramid scheme promoted through Facebook, Twitter

Regulator clamps down on overseas firm that had bilked $300,000 from 15 U.S. investors

By Trevor Hunnicutt
NEWS INDUSTRY NEWS MAR 05, 2014
Get to 'old normal'

In his latest investment outlook, Pimco's Bill Gross argues that if global central banks can convince investors that their policies can reproduce the “old” normal economy, then risk assets (like stocks) will have higher future returns.

By Gregory Crawford
NEWS WIREHOUSES MAR 05, 2014
Ex-Wells Fargo adviser wins nearly $1 million in promissory note quarrel

Wells Fargo sought $76,152 from a former broker, but in the end was ordered to pay the adviser more than 10 times that amount .

By Mason Braswell
NEWS ETFS MAR 05, 2014
Financial advisers don't make the most of ETFs, survey finds

Lack of time to learn the complexities leads to lack of confidence.

By CODONNELL
NEWS WIREHOUSES MAR 05, 2014
Bank of America won't face damages claim over Merrill in N.Y. suit

Lawsuit over '09 acquisition seeks injunction barring individuals from the securities industry.

By Gregory Crawford
Guess who's picking up the cash that's flowed out of Pimco
NEWS FIXED INCOME MAR 05, 2014
Guess who's picking up the cash that's flowed out of Pimco

BlackRock and Goldman Sachs are the big beneficiaries of Pimco's bad bond call.

By Jason Kephart
NEWS INDUSTRY NEWS MAR 05, 2014
529 college savings plans graduate

As the products gain assets, more consider sophisticated investments.

By Hazel Bradford