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RETIREMENT PLANNING DEC 08, 2010
Pensions offer the self-employed flexibility

As of late, most financial advice regarding retirement options has been geared toward company employees

By David Peterson
El-Erian: 'Jury still out' on gridlock's boosting the economy
INDUSTRY NEWS DEC 08, 2010
El-Erian: 'Jury still out' on gridlock's boosting the economy

Pimco boss unsure whether less government will ignite commerce; 'animal spirits' vs. 'meaningful reform'

By Bloomberg
BofA deal in muni case may be tip of the iceberg
FIXED INCOME DEC 07, 2010
BofA deal in muni case may be tip of the iceberg

More settlements expected, says antitrust chief; 'stay tuned to this channel'

By Bloomberg
What the new tax plan means for the markets
RIAS DEC 07, 2010
What the new tax plan means for the markets

Stocks rose, copper and gold climbed to all-time highs and Treasuries fell after President Barack Obama agreed to extend tax cuts, offsetting concern that Europe's debt crisis will spread further.

By Mark Bruno
EMERGING MARKETS DEC 07, 2010
Debt drama: Advisers forced to confront eurozone woes

For financial advisers and money managers, the latest twist in the eurozone's deepening debt drama — Ireland's $116 billion rescue package — is a stark reminder to remain nimble-footed with regard to exposure to foreign debt.

By Jeff Benjamin
Bush-era tax cuts: The six key terms on the table
RIAS DEC 07, 2010
Bush-era tax cuts: The six key terms on the table

President Barack Obama and congressional Republicans kick-started negotiations today at the White House over a possible extension of Bush-era tax cuts that are set to expire Dec. 31.

By Mark Bruno
INDUSTRY NEWS DEC 07, 2010
OppenheimerFunds' Steinmetz hot on high-quality stocks, low-quality bonds

The best opportunities in the market right now are in “high-quality stocks and low-quality bonds,” according to Art Steinmetz, who took over this week as chief investment officer at OppenheimerFunds Inc.

By Bloomberg
RETIREMENT PLANNING DEC 07, 2010
OppenheimerFunds unit tapped to manage $160M 529 plan

By Jessica Toonkel
INDUSTRY NEWS DEC 07, 2010
No.1 threat to U.S. stocks? Money managers offer surprising answer

The debt crisis spreading across parts of Europe is seen as the biggest threat to the performance of the U.S. stock market over the next 12 months, according to a survey of professional money managers.

By Jeff Benjamin
Ex-UBS commodities exec arrested in fraud scheme
INDUSTRY NEWS DEC 06, 2010
Ex-UBS commodities exec arrested in fraud scheme

A former co-head of UBS AG's municipal derivatives group faces a fraud charge tied to a $100,000 kickback for steering an investment agreement with a U.S. state to another bank.

By Mark Bruno
REGULATION AND LEGISLATION DEC 06, 2010
Convicted Ponzi scammer wants OK to sue his attorney

An Omaha businessman convicted of bilking elderly investors out of millions of dollars wants the Nebraska Supreme Court to reinstate his lawsuit against his business attorney.

By Associated Press
RIAS DEC 06, 2010
Put 12(b)-1 reform on the front burner

The SEC should move with haste to revamp 12(b)-1 fees

By MFXFeeder
INDUSTRY NEWS DEC 06, 2010
Suddenly, investors in grip of red gold fever

Copper prices on the march, thanks to China consumption; 'the right time to stockpile it'

By Bloomberg
RIAS DEC 06, 2010
RIA audits less frequent, tougher and 'kind of mean'

Dodd-Frank will be leading to changes in the SEC's adviser exam program, according to Robert Stype, managing partner at ACA Compliance Group.

By Bloomberg
REGULATION AND LEGISLATION DEC 06, 2010
DOL sues four investment firms over Madoff losses

The U.S. Labor Department sued four investment firms for allegedly failing to examine swindler Bernard Madoff's business practices before entrusting him with hundreds of millions of dollars in pension funds.

By Bloomberg
INDUSTRY NEWS DEC 06, 2010
Porter on gold: Too late to buy, too soon to sell

It may too late to jump on the gold bandwagon, but it's also too early to bail out of the precious metal, according to Jim Porter, manager of the Aston/New Century Absolute Return Fund Ticker:(ANENX).

By Jeff Benjamin
WIREHOUSES DEC 06, 2010
No contest: Merrill stomping MSSB in wirehouse wars

In the clash of the two largest U.S. brokerages, Bank of America Merrill Lynch is generating more profit with fewer people than Morgan Stanley Smith Barney LLC.

By Bloomberg
WIREHOUSES DEC 06, 2010
Upstart HighTower snags $10B broker

Former Wall Street chieftains Philip Purcell and David Pottruck’s plan to snatch superstar brokers for a start-up advisory firm and independent broker-dealer is making significant strides as a top broker is preparing to leave the ruins of his old firm and go independent.

By Bruce Kelly
RIAS DEC 06, 2010
Superstar snatched from ruins of Wall St. to fledging RIA

Wall Street is likely to lose yet another superstar securities broker to the investment advisory side of the business, as Richard Saperstein prepares to leave JPMorgan Securities and take his $10 billion book of business to a startup, according to sources.

By Bruce Kelly
PRACTICE MANAGEMENT DEC 05, 2010
SEC sues four in insider trading case

The U.S. Securities and Exchange Commission sued Trivium Capital Management LLC and an executive of Polycom Inc. in a case stemming from the government's Galleon Group LLC insider-trading investigation.

By Mark Bruno