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REGULATION AND LEGISLATION SEP 20, 2009
Congress should keep heat on the SEC

Wagging his finger from the bully pulpit of Federal Hall, President Obama reminded financial leaders last week of the urgent need for new, tighter financial regulation.

By Jim Pavia
INDUSTRY NEWS SEP 20, 2009
Tax breaks for out-of-state 529 plans unlikely

The Department of the Treasury wants all states that have an income tax and also sponsor a Section 529 college savings plan to offer residents a tax break, no matter what plan they choose, even if it is one from another state.

By Charles Paikert
INDUSTRY NEWS SEP 20, 2009
Beating competitors with non-correlated large-cap-stock picks

The immediate future continues to look bright to Tom Forester, manager of the $90 million Forester Value Fund (FVALX). The fund stood out at the end of last year for its 0.4% gain.

By Jeff Benjamin
INDUSTRY NEWS SEP 18, 2009
Vanguard charitable fund sees 15% increase in contribution in '09

The Vanguard charitable fund has seen a double-digit increase in contributions this year, while comparable funds at Fidelity and Schwab didn't fare as well.

By Sue Asci
OPINION SEP 18, 2009
Attention Good Advisors: I want to know YOUR story

The Bad Advisors and outright crooks always grab the headlines; time to strike back.

By Bloomberg
INDUSTRY NEWS SEP 18, 2009
FDIC chief considers tapping Treasury for funds

The chairman of the Federal Deposit Insurance Corp. says she is "considering all options, including borrowing from Treasury," to replenish the dwindling fund that insures bank deposits.

By Bloomberg
INDUSTRY NEWS SEP 18, 2009
As stocks keep rallying, IPOs return

Eight companies are looking to raise as much as $3.7 billion when they go public next week, the most activity the U.S. IPO market has seen in a single week in nearly two years.

By ecooper
INDUSTRY NEWS SEP 17, 2009
August housing construction rises 1.5%, highest level in 9 months

By Associated Press
LIFE INSURANCE AND ANNUITIES SEP 17, 2009
California AG launches probe of credit rating agencies

California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.

By Bloomberg
INDUSTRY NEWS SEP 17, 2009
New jobless claims drop unexpectedly to 545,000, lowest in 2 months

By Associated Press
INDUSTRY NEWS SEP 17, 2009
College savings rate found insufficient, but 529s shine

While the recession has taken a toll on Americans' ability to save money for college, there are some encouraging signs from families using Section 529 college savings plans, according to a trio of reports released today as part of College Savings Month.

By Charles Paikert
LIFE INSURANCE AND ANNUITIES SEP 17, 2009
Vast majority of non-qualified annuity holders earn less than $100K, survey shows

By Darla Mercado
INDUSTRY NEWS SEP 17, 2009
Fed: Americans' wealth increased for first time in nearly two years

Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded.

By Associated Press
INDUSTRY NEWS SEP 16, 2009
U.S. factories produce more, inflation is in check

U.S. factories made more cars, clothing and other goods than expected in August, and inflation remained in check in the early stages of a broad economic recovery.

By Bloomberg
INDUSTRY NEWS SEP 16, 2009
Urgency for new rules for finance is slipping away

The rule book for Wall Street may not change that much after all.

By Bloomberg
RIAS SEP 16, 2009
The RIA Giants: $124B in assets and counting

By Charles Paikert
INDUSTRY NEWS SEP 16, 2009
Back on the sidelines: Wary portfolio managers opting for cash

While most portfolio managers remain optimistic about global economic recovery, more managers are keeping additional cash on the side as they re-evaluate the markets, according to a new survey of fund managers.

By Mark Bruno
LIFE INSURANCE AND ANNUITIES SEP 16, 2009
Former Merrill rep stripped of insurance license and fined in funeral trust case

By Darla Mercado
RIAS SEP 16, 2009
More assets, more attention: Asset managers zero in on RIAs

Asset managers are courting RIAs with a slew of marketing and education materials. Yet, advisers aren't always impressed with the outreach, according to a new survey from Morningstar and SwanDog.

By Sue Asci
LIFE INSURANCE AND ANNUITIES SEP 15, 2009
Genworth opens $500M public stock offering

Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.

By Darla Mercado