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LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MetLife's marketing of asset accounts 'deceptive,' judge says

Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MassMutual, The Hartford skip retained accounts, cut checks for beneficiaries

Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
'Outraged' legislator's proposal targets retained-asset accounts

Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'

By Bloomberg
Cuomo probing insurers 'secret profits' from grieving families
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Cuomo probing insurers 'secret profits' from grieving families

Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits

By Bloomberg
Fallen soldiers' families denied cash as insurers profit
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Fallen soldiers' families denied cash as insurers profit

Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'

By Bloomberg
Nagengast: MedCap class action settlement would 'wipe out' banks' claims against Securities America
INDUSTRY NEWS MAY 26, 2011
Nagengast: MedCap class action settlement would 'wipe out' banks' claims against Securities America

Bank of New York Mellon and Wells Fargo have both sued Securities America -- along with other B-Ds -- over the sales of MedCap private placements. In an internal e-mail obtained by <i>InvestmentNews</i>, here's what SA boss Jim Nagengast said about the litigation.

By Bloomberg
Jackson's putting brakes on VA sales 'a whiplash'
LIFE INSURANCE AND ANNUITIES MAY 26, 2011
Jackson's putting brakes on VA sales 'a whiplash'

Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns

By Darla Mercado
RIAS MAY 26, 2011
Fed fiddles while inflation starts to simmer

What do Ben S. Bernanke and his fellow Federal Reserve monetary policymakers not see?

By MFXFeeder
INDUSTRY NEWS MAY 26, 2011
Commodities drop again, raising fears of 'severe' correction

Following a long run-up, commodities last week suffered their largest declines in almost two years, paring this year's gains to about 10%

By Bloomberg
Bad China, good weather will bust commodity market 'en masse,' Grantham says
INDUSTRY NEWS MAY 26, 2011
Bad China, good weather will bust commodity market 'en masse,' Grantham says

Legendary stock-picker Jeremy Grantham didn't get famous for being wrong very often. So when he says two unrelated events could break the commodities market 'en masse,' it's worth taking note.

By John Goff
Financial firms help Japan
LIFE INSURANCE AND ANNUITIES MAY 26, 2011
Financial firms help Japan

Financial services firms &#8212; many with operations in Japan &#8212; are opening their corporate pockets in response to the country's disasters.

By Anya Khalamayzer
REGULATION AND LEGISLATION MAY 26, 2011
B-Ds to Finra: Back off back-office registration

Broker-dealers, get ready. Your back-office operations are now officially on Finra's front burner

By Dan Jamieson
Tokyo rocked, but U.S. financial firms are staying put
INDUSTRY NEWS MAY 26, 2011
Tokyo rocked, but U.S. financial firms are staying put

Despite a devestating earthquake, blackouts, powerful aftershocks and growing concerns about radiation poisoning, U.S. financial firms in Japan say it's 'business as usual.'

By Jessica Toonkel
'Horrific' earthquake in Japan sends shock waves around the world
INDUSTRY NEWS MAY 26, 2011
'Horrific' earthquake in Japan sends shock waves around the world

An 8.9 magnitude earthquake struck off the east coast of Japan about a half an hour before the local stock markets closed. The massive quake sent oil prices falling and European shares tumbling.

By John Goff
March of the millionaires on the rise -- particularly in Singapore
RETIREMENT PLANNING MAY 25, 2011
March of the millionaires on the rise -- particularly in Singapore

City-state has highest percentage of millionaire households; China now No.3 in total number of millionaire households

By John Goff
Finra championing adviser SRO — and its own suitability for the job
REGULATION AND LEGISLATION MAY 25, 2011
Finra championing adviser SRO — and its own suitability for the job

But industry participants disagree over which regulator should get the gig; protracted debate expected

By Mark Schoeff Jr.
INDUSTRY NEWS MAY 25, 2011
Gold is neither a good nor bad investment

Numerous commentaries in the media would have the investment world believe that gold is a bad investment

By Nick Barisheff
Memo to Congress: It's time for SEC to be self-funded
RIAS MAY 25, 2011
Memo to Congress: It's time for SEC to be self-funded

The time has come for Congress to cut the purse strings that have long impeded the SEC's ability to do its job

By MFXFeeder
Goldman's O'Neill roasts black swan, sees global stock rally
INDUSTRY NEWS MAY 25, 2011
Goldman's O'Neill roasts black swan, sees global stock rally

GASM boss says 'every little problem that crops up' not a market killer; thinks China stock rally may boost other bourses; 'every little problem that crops up' not a market killer

By John Goff
Sen. Durbin says Dodd-Frank rollback would kneecap regulators
REGULATION AND LEGISLATION MAY 25, 2011
Sen. Durbin says Dodd-Frank rollback would kneecap regulators

As House Republicans begin to move legislation this week that would roll back parts of the Dodd-Frank financial reform law, a prominent Senate Democrat indicated today that he will fight efforts to scuttle or delay implementation.

By Mark Schoeff Jr.