Industry News

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NEWS INDUSTRY NEWS OCT 05, 2010
Cost cutting boosts appeal of domestic equities, says global fund manager

Artio's Keith Walters says a reduction in manpower has lifted the productivity and earnings of U.S. businesses

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 05, 2010
Schneider surprise: Homebuilders, carmakers could be good bets

Don't look now, but these hammered industries may be headed for a rebound, according to the the famed value investor

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 04, 2010
Fool's gold: 5 reasons not to follow the herd

After last week's media frenzy, it is hard to blame investors for not coming down with a case of gold fever.

By Dan Jamieson
NEWS LIFE INSURANCE AND ANNUITIES OCT 04, 2010
Buffett says Berkshire's 'well equipped' for succession

Billionaire Warren Buffett, chairman of Berkshire Hathaway Inc., said the company's management is “well-equipped” for when he and Vice Chairman Charlie Munger step down.

By Bloomberg
NEWS INDUSTRY NEWS OCT 04, 2010
Real-world metrics offer clues to economy

As lucky as my wife is to have me — and she will admit it if pressed — she also will admit (often when not pressed) that I can be a trial.

By MFXFeeder
NEWS INDUSTRY NEWS OCT 04, 2010
Investors: One-in-three chance of a double-dip

The U.S. economy stands a 31% chance of double-dipping into recession in the next year.

By Christine Williamson
NEWS INDUSTRY NEWS OCT 04, 2010
U.S. stocks decline as S&P 500 heads for second weekly drop

U.S. stocks fell, with the Standard & Poor's 500 Index heading for a second weekly decline, after a drop in commodities dragged energy and metal producers lower and as concerns continued that the economic rebound may be flagging.

By Bloomberg
'Radical policy shock' dead ahead, warns DoubleLine's Gundlach
NEWS INDUSTRY NEWS OCT 04, 2010
'Radical policy shock' dead ahead, warns DoubleLine's Gundlach

DoubleLine Capital CEO says that investors can expect a 'radical policy shock' from Washington that will zap the economy and push growth back into negative territory.

By Bloomberg
NEWS INDUSTRY NEWS OCT 04, 2010
Embattled money manager TCW plays 'let's make a deal'

CEO Marc Stern said 175 of TCW's 700 employees will participate in the equity program

By Randy Diamond
NEWS REGULATION AND LEGISLATION OCT 04, 2010
Finra hits Scottrade with $200K fine

The discount brokerage allegedly let day some traders using borrowed money keep on trading -- even though the value of their holdings fell below regulatory minimums

By Bloomberg
NEWS RIAS OCT 04, 2010
Focus Financial exercises 'option' to buy breakaway-broker firm

Focus Financial Partners, which recently completed a $50 million recapitalization to meet debt obligations and revive its business of buying interests in wealth management firms, has agreed to acquire LLBH Group Private Wealth Management as a full partner firm.

By Jed Horowitz
NEWS RIAS OCT 04, 2010
RIA firm sues Focus Financial for books and records

Strategic Point Investment Advisors LLC, a wealth management firm that was one of the original affiliates of Focus Financial Partners, has sued the company to get access to its financial data.

By Jed Horowitz
NEWS RETIREMENT PLANNING OCT 03, 2010
BrightScope launches tool for 401(k) asset managers

BrightScope Inc. today launched a new tool that allows investment-only 401(k) asset managers to pinpoint which retirement plans are using their funds — as well as those of their competitors.

By Darla Mercado
NEWS RIAS OCT 03, 2010
SEC must step up fraud detection efforts

The past 15 years haven't been kind to the Securities and Exchange Commission in its role as the markets' top cop. On too many occasions, it has missed signals that the investing public was being scammed.

By MFXFeeder
NEWS REGULATION AND LEGISLATION OCT 03, 2010
Solov: B-Ds bully clients in arbitration

Broker-dealers are browbeating clients to settle arbitration cases by inundating them with requests for discovery information, according to a top state securities regulator

By Bruce Kelly
NEWS RIAS OCT 03, 2010

By MFXFeeder
NEWS INDUSTRY NEWS OCT 01, 2010
Uncle Sam's bailout bets beating Treasuries by a mile

Washington's $309B in TARP investments has generated an 8.3% return

By Bloomberg
NEWS INDUSTRY NEWS OCT 01, 2010
Fund manager Derek van Eck, 46, dies unexpectedly

CIO of Van Eck Associates; father founded company in 1955.

By Jessica Toonkel
NEWS REGULATION AND LEGISLATION OCT 01, 2010
Finra asks SEC to OK all-public panels for arbitration disputes

Investors filing claims against brokerages would be able to request public arbitration panels without industry representatives under a proposal Finra announced Tuesday.

By Mark Schoeff Jr. and Dan Jamieson
NEWS INDUSTRY NEWS OCT 01, 2010
Securities America picks up 45 reps from shuttered B-D

Securities America Financial Corp. has reached an agreement to absorb 45 registered reps — with roughly $500 million in assets — from Equitas Financial Advisors Inc.

By InvestmentNews Staff