New offering combines features of money funds and short-duration bond funds; moving away from stable NAV
Supercommittee notion of doing away with exemption not so super; going down the Whitney path
NASAA says current legislation could put investors at risk for fraud; GOP, Dems, White House all back the bill
Herstein worried that easing of rules governing web-based raising of capital will lead to fraud
The latest scandal at UBS may be causing headaches for the bank's advisers right now. But in the long run, a re-emphasis on serving rich clients -- rather than chasing investment banking business -- could be a good thing for the company and its wealth managers. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110802&Category=FREE&ArtNo=802009999&Ref=PH>Wirehouse rankings: Average assets per rep</a> | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110922&Category=FREE&ArtNo=922009999&Ref=PH>The richest states</a>
Nearly 60 positions to be eliminated by asset manager; 'challenging markets'
Good news: Conference Board gauge shows pickup in hiring; bad news: temp work for holidays one driver
Brinker Capital asked advisers to name the presidential candidate they think is most-qualified to revive the flagging economy. The results weren't overly encouraging.
MetLife Inc., the biggest U.S. life insurer, was removed from Citigroup Inc.'s list of top stock picks as new Chief Executive Officer Steven Kandarian reshuffles management and plans his strategy.
New York City mayor tells Washington to let Bush tax cuts expire for good of the country
U.S. Representative Barney Frank urged members of the congressional committee charged with reducing the U.S. budget deficit to impose a risk-based fee on large banks with over $50 billion in assets and hedge funds with over $10 billion.
Raymond James COO Helck says the for-sale firm would be a 'great strategic fit,' but concedes there's some overlap between the two outfits. Still, Morgan Keegan's army of 1,200 advisers must look mighty tempting to RJ's management.
As first reported by <i>InvestmentNews</i>, Raymond James today agreed to pay $300M to buy back auction-rate securities from clients, thus settling suits brought by several states and the SEC. Total damage? The brokerage is setting aside $50M to cover potential losses.
An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.
Texas regulators say Byrne ignored order issued in 2005
Survey indicates public profile of certified financial planners on the rise
Shortly before Jack Herstein gave his inaugural address as president of the North American Securities Administrators Association Inc. last week, a House subcommittee concluded a hearing about draft legislation that would authorize one or more self-regulatory organizations for investment advisers
Mohrman-Gillis wants SEC to oversee investment advisers; Finra 'not experienced' in upholding fiduciary standards
