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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
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
OPINION OCT 04, 2010
To serve middle class, expand your offerings

In his Aug. 9 letter to the editor, “Rally the troops to help middle-income people,” Kevin Condon, executive vice president of adviser services at Myfinancialadvice Inc., did a wonderful job of illuminating the important issue of providing financial planning advice to middle-income people.

By Terri Kallsen
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
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
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
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
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
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
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
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
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
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
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
RIAS OCT 03, 2010

By MFXFeeder
MUTUAL FUNDS OCT 03, 2010
Investors turn to advisers for records related to market-timing scandals

By Jessica Toonkel
REGULATION AND LEGISLATION OCT 03, 2010
Bonus ban wallops Finra officials in the wallet

Faced with withering criticism about pay levels, the Financial Industry Regulatory Authority Inc. last year paid no bonuses to its top executives.

By Dan Jamieson
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
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
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