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OPINION APR 19, 2012
Tuning up implementation of modern portfolio theory

The problem isn't with MPT but with the way it has been implemented

By Scott A. MacKillop
'Soccer mom madam' case hooks MSSB broker
INDUSTRY NEWS APR 19, 2012
'Soccer mom madam' case hooks MSSB broker

Feds say David Walker was with Anna Gristina when accused prostitution ring leader was arresed; placed on leave

By John Goff
Oil price won't grease the skids for higher interest rates
INDUSTRY NEWS APR 19, 2012
Oil price won't grease the skids for higher interest rates

Fed unlikely to raise target rate due to cost of crude; wage and rent hikes might trigger action, though

By Andrew Osterland
Commodity inflows set for a healthy gain in 2012
INDUSTRY NEWS APR 19, 2012
Commodity inflows set for a healthy gain in 2012

Investors are expected to favor oil, gold and copper in what should be a strong recovery over 2011 for commodities

By Doug Cubberley
Natural resources a natural selection for investors
INDUSTRY NEWS APR 19, 2012
Natural resources a natural selection for investors

Evolving world has fewer raw materials, but more demand; time to pounce, fund manager says

By Jeff Benjamin
REGULATION AND LEGISLATION APR 18, 2012
Hall of Fame coach faked out players in $80 million Ponzi scheme: SEC

Donnan and partner convinced coaches, ex-players to invest in merchandise scheme, commission claims; worked as college football analyst for ESPN

By Liz Skinner
Wells Fargo's buy of Merlin spells entry into prime brokerage biz
WIREHOUSES APR 18, 2012
Wells Fargo's buy of Merlin spells entry into prime brokerage biz

Purchase will boost bank's clearing and record-keeping capabilities

By John Goff
INDUSTRY NEWS APR 18, 2012
The refuseniks

The day after the filing deadline, we take a look at 11 of the more ridiculous legal arguments cited by tax protesters for not rendering unto Uncle Sam.

By John Goff
INDUSTRY NEWS APR 18, 2012
Shake it up

Broker-dealer powerhouse LPL on Wednesday announced it's rejiggering its top brass. The main move: firm veteran Esther Stearns is being moved out to head a new subsidiary.

By John Goff
INDUSTRY NEWS APR 18, 2012
Ex-LPL rep gets long spell in prison

By Bruce Kelly
Gingrich's charitable giving not so charitable, data show
RETIREMENT PLANNING APR 18, 2012
Gingrich's charitable giving not so charitable, data show

Candidate's donations lower than most in his income bracket; conservatives tend to give more

By John Goff
BROKER DEALERS APR 18, 2012
LPL isn't only B-D that hits brokers with an affiliation fee

LPL Financial LLC isn't alone in charging registered representatives and financial advisers a flat fee for doing business with the firm

By Bruce Kelly
Krawcheck: Clients like their advisers — but not the firms they work for
INDUSTRY NEWS APR 18, 2012
Krawcheck: Clients like their advisers — but not the firms they work for

It's been about two months since Sallie Krawcheck was ousted from her job at Bank of America Global Wealth Management. Today at a SIFMA conference, the former Citi CFO praised advisers. She was less generous about the actual firms that advisers work for.

By Andrew Osterland
PRACTICE MANAGEMENT APR 18, 2012
So long, Sallie: BofA gives Krawcheck $6M golden handshake

BofA gives Krawcheck $6M golden handshake

By Mark Bruno
INDUSTRY NEWS APR 18, 2012
Merrill reorg gives the driver's key to Thiel

John Thiel, Bank of America Merrill Lynch's new boss, has put his own stamp on the business with a revamped and leaner management structure

By Dan Jamieson
Thundering Herd should stay stable post-Krawcheck
WIREHOUSES APR 18, 2012
Thundering Herd should stay stable post-Krawcheck

Life continues to get more complicated for Merrill Lynch advisers operating under the umbrella of beleaguered parent Bank of America Corp.

By Andrew Osterland
INDUSTRY NEWS APR 18, 2012
Krawcheck bounced at BofA

In a surprise move, Bank of America announced that wealth management head Sallie Krawcheck has been ousted and replaced by David Darnell.

By John Goff
INDUSTRY NEWS APR 18, 2012
Top stock picker excels by investing in risky debt

Thomas Soviero has unseated Ken Heebner as manager of the best-performing diversified U.S. stock fund over the past 10 years

By Bloomberg
Vanguard's point man in Washington: Uncertainty abounds on tax policy
REGULATION AND LEGISLATION APR 17, 2012
Vanguard's point man in Washington: Uncertainty abounds on tax policy

Delaplane tells advisers he's not optimistic that 'grown-ups' will prevail on Capitol Hill

By LKUYKENDALL
INDUSTRY NEWS APR 17, 2012
Jeffrey Saut: Be conservative, but not conventional

By Jeffrey D. Saut