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INDUSTRY NEWS DEC 15, 2009
Stocks fall on news of rising producer prices

Stocks fell in early trading Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.

By Associated Press
INDUSTRY NEWS DEC 15, 2009
Bob Dylan teams with donor-advised fund to fight hunger

The spiritual message of Bob Dylan's soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year.

By Bruce Kelly
INDUSTRY NEWS DEC 15, 2009
Americans' net worth on the rise — but still way down from 2007

Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.

By Associated Press
INDUSTRY NEWS DEC 15, 2009
Next wave of investing opportunities? 'Boring' companies

The next wave of opportunities in the equity markets will be big, “boring” companies that have been largely overlooked in the current rally, according to hedge fund manager Joel Hirsch.

By Bloomberg
WIREHOUSES DEC 15, 2009
Slash and burn: The new Wall Street growth model

After a decade of pushing fee-based services, Wall Street is slashing and burning the infrastructure that has supported the business.

By Mark Elzweig
INDUSTRY NEWS DEC 15, 2009
Stock jockeys feeling bullish, Russell finds

Investment managers are gathering into a bull stampede, according to the latest findings from Russell Investments.

By Jeff Benjamin
INDUSTRY NEWS DEC 14, 2009
AMG to buy Pantheon from Russell Investments for $775M

Affiliated Managers Group will buy the global private equity fund-of-funds business of London-based Pantheon Ventures from Russell Investments for at least $775 million, AMG announced today.

By Douglas Appell
LIFE INSURANCE AND ANNUITIES DEC 14, 2009
John Hancock eyes launching actively managed ETFs

John Hancock Funds LLC will file with the Securities and Exchange Commission in the next few weeks plans to launch actively managed exchange-traded funds, according to an official at the firm.

By Jessica Toonkel Marquez
INDUSTRY NEWS DEC 14, 2009
Stock futures rise after Dubai bailout

Stock futures are indicating a higher opening on Wall Street after Abu Dhabi provided a surprise $10 billion bailout to Dubai to help with debt repayments.

By Associated Press
INDUSTRY NEWS DEC 14, 2009
Wells Fargo prices stock offering at $25 a share

Wells Fargo & Co. said Tuesday it will sell stock for $25 per share to help repay $25 billion in government bailout money.

By Associated Press
REGULATION AND LEGISLATION DEC 14, 2009
SEC reopens comment period on board nomination proposal

The Securities and Exchange Commission will reopen the comment period for its shareholder director nomination proposal.

By Sara Hansard
INDUSTRY NEWS DEC 14, 2009
Stocks edging up on Exxon Mobil's $31B deal for XTO Energy

Stocks are edging higher after a bailout of the troubled emirate of Dubai helps allay concerns over global credit problems.

By Associated Press
REGULATION AND LEGISLATION DEC 14, 2009
Chief lobbyist leaving SIFMA for restaurant association

Scott DeFife, senior managing director of government affairs at the Securities Industry and Financial Markets Association, is leaving to take a job at the National Restaurant Association.

By Sara Hansard
RIAS DEC 14, 2009
'Reform' bill heavy on restriction, light on reform

Administration officials and members of Congress fret that banks aren't lending enough, and that companies aren't hiring enough, to reduce unemployment significantly and get the economy moving again.

By MFXFeeder
RIAS DEC 14, 2009
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
REGULATION AND LEGISLATION DEC 13, 2009
No limelight, just labor

House Financial Services Committee Chairman Barney Frank, D-Mass., gets most of the attention on banking and securities issues, but the committee's second-ranking Democrat, Rep. Paul Kanjorski, is the one handling the issues most important to financial advisers.

By Sara Hansard
MUTUAL FUNDS DEC 13, 2009
He gets riled about risk

Before being elected to the Senate, Herb Kohl ran his family's grocery and department store business.

By Jessica Toonkel Marquez
REGULATION AND LEGISLATION DEC 13, 2009
In reform, defending states' rights

Denise Voigt Crawford is fighting the war for the states.

By Dan Jamieson
INDUSTRY NEWS DEC 13, 2009
Unconventional wisdom

After questioning the underpinnings of Jeremy Siegel's “stocks for the long run” fame in 2009, Lubos Pastor may spend next year poking holes in the message of Burton Malkiel.

By Evan Cooper
INDUSTRY NEWS DEC 13, 2009
Green investing isn't all it's cracked up to be

With representatives from nearly 200 countries hunkering down this week in Copenhagen, Denmark, for the Summit on Climate Change, the tendency to dwell on Earth-saving causes and carbon footprints is understandable and even noble.

By Jeff Benjamin