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Senate Democrats seek to thaw House GOP freeze on SEC budget
REGULATION AND LEGISLATION JUL 13, 2011
Senate Democrats seek to thaw House GOP freeze on SEC budget

An attempt by House Republicans to freeze the Securities and Exchange Commission's budget will meet resistance in the Senate, where the Democratic majority will seek to give the agency the increase recommended in the Obama administration budget.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUL 13, 2011
Guidance imminent on 401(k) income products

The Treasury Department will soon offer guidance on lifetime income options in 401(k) plans with the aim of curbing the number of individuals who are likely to outlive their retirement savings.

By Liz Skinner
MUTUAL FUNDS JUL 13, 2011
12(b)-1 ruling eases fund firms', B-Ds' worries - for now

By Jessica Toonkel
REGULATION AND LEGISLATION JUL 13, 2011
B-D compliance burden growing, Pershing says

By Dan Jamieson
REGULATION AND LEGISLATION JUL 13, 2011
Ketchum: Finra is beefing up its examination program

The following remarks were delivered May 24 by Richard G. Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc., at its annual meeting in Washington

By MFXFeeder
Why Bill Gross says Treasury investors are like frogs in a pot of hot water
INDUSTRY NEWS JUL 13, 2011
Why Bill Gross says Treasury investors are like frogs in a pot of hot water

Bill Gross, Pimco's bond king -- and the king of the unusual analogy -- offers another offbeat comparison to get the attention of would-be purchasers of government paper.

By John Goff
Pimco's 'new normal' missed out on 94% stock rally: Wharton's Marston
INDUSTRY NEWS JUL 13, 2011
Pimco's 'new normal' missed out on 94% stock rally: Wharton's Marston

Professor of finance pokes fun at Bill Gross — and sees continued run-up in stock prices

By Jeff Benjamin
Tax breaks for the well-off likely to be cut off
REGULATION AND LEGISLATION JUL 13, 2011
Tax breaks for the well-off likely to be cut off

Advisers, start planning now. According to a retirement policy expert, deficit pressures in Washington leave little room for further extensions of tax breaks in 2013.

By Darla Mercado
American Beacon books power trio to subadvise go-anywhere offering
LIFE INSURANCE AND ANNUITIES JUL 12, 2011
American Beacon books power trio to subadvise go-anywhere offering

Pimco, Brandywine and GAM will co-manage firm's new flexible bond fund

By John Goff
LIFE INSURANCE AND ANNUITIES JUL 12, 2011
Financial advisers, insurers hail GAO plug for immediate annuities

By Darla Mercado
INDUSTRY NEWS JUL 12, 2011
2010 pay steady for SRO execs; firm fees rose

By Dan Jamieson
INDUSTRY NEWS JUL 12, 2011
Arnott's index, called 'witchcraft' by Bogle, besting Vanguard

When Robert Arnott was deciding whether to start his own investment firm, he met with his hero John Bogle for dinner

By Bloomberg
Advisers look in the bargain bin when choosing ETFs
INDUSTRY NEWS JUL 12, 2011
Advisers look in the bargain bin when choosing ETFs

A survey finds that cost is the most important factor for advisers when selecting exchange-traded funds. Service? Not so much.

By Jessica Toonkel
REGULATION AND LEGISLATION JUL 12, 2011
NFL players at risk of financial roughing

Several current and former National Football League players recently have found themselves ensnared in alleged Ponzi schemes or legal battles over failed investments

By Bruce Kelly
NFL star sues 'long-term friend' for investment in airplane hangars
PRACTICE MANAGEMENT JUL 12, 2011
NFL star sues 'long-term friend' for investment in airplane hangars

Alex Brown, a defensive end with the New Orleans Saints, is suing his former team of financial advisers, alleging that they “abused the trust” of the player and his wife.

By Bloomberg
Ray of hope? Top college commences with middle-class tuition cap
RETIREMENT PLANNING JUL 11, 2011
Ray of hope? Top college commences with middle-class tuition cap

Middle-class families are quickly being priced out of the top universities. But a bold new program at the University of California at Berkeley -- limiting the total costs for families with modest incomes to 15% of earnings -- offers a ray of hope. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20110711&amp;Category=FREE&amp;ArtNo=711009999&amp;Ref=PH&amp;Params=Itemnr=1>The most expensive state schools &amp;raquo;</a> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111117&amp;Category=FREE&amp;ArtNo=111709999&amp;Ref=PH>Top-rated 529 plans &amp;raquo;</a>

By John Goff
Paterno's home sale legit estate-planning move: Lawyers
RETIREMENT PLANNING JUL 11, 2011
Paterno's home sale legit estate-planning move: Lawyers

Joe Paterno, the under-fire Penn State Nittany Lion coaching legend, has been assailed by some for selling his home to his wife for $1? The claim? Paterno was attempting to shield his assets from potential lawsuits. Not so, say estate lawyers in Pennsylvania. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&amp;Dato=20110711&amp;Kategori=FREE&amp;Lopenr=711009999&amp;Ref=PH>PSU ranked No.1 &#8212; on the list of most expensive state schools &amp;raquo;</a>

By Liz Skinner
Cornhuskers latest to get FDIC-insured option for college savings
RETIREMENT PLANNING JUL 11, 2011
Cornhuskers latest to get FDIC-insured option for college savings

But low-return plan may not be the best bet when dealing with long time horizons; 'not very useful'

By Liz Skinner
Test score 'arms race' leading some colleges to stand down
RETIREMENT PLANNING JUL 11, 2011
Test score 'arms race' leading some colleges to stand down

Increasing number of universities going 'test optional' rather than relying on SATs; high school grades a better predictor

By John Goff
State schools looking better and better to parents
RETIREMENT PLANNING JUL 11, 2011
State schools looking better and better to parents

Out-of-sight tuition has left parents with little choice but to seek new ways to help fund their childrens' college education. One idea that's growing in popularity: crossing private universities off the apply-to list.

By John Goff