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IRS on a rampage as nearly one in three HNW individuals audited
REGULATION AND LEGISLATION MAR 09, 2012
IRS on a rampage as nearly one in three HNW individuals audited

Swat team created in 2009 to target wealthy filers seeing planty of action

By John Goff
Income gap widest in Republican-leaning states
RETIREMENT PLANNING MAR 09, 2012
Income gap widest in Republican-leaning states

Income inequality up 18% since 1967; rose the most during Reagan era

By John Goff
INDUSTRY NEWS MAR 09, 2012
Wholesale effort

In a full-on bid to win more business from fee-based firms, Vanguard is doubling the number of sales reps who work with advisers.

By John Goff
Morgan Stanley exec on hate-crime charge: I'm innocent
WIREHOUSES MAR 09, 2012
Morgan Stanley exec on hate-crime charge: I'm innocent

Jennings pleads not guilty to allegedly stabbing cabbie after disupte over fare

By John Goff
EMERGING MARKETS MAR 09, 2012
Greece moves toward second bailout as default spooks Europe

European governments moved toward a second rescue of Greece, calculating that the 130 billion-euro ($172 billion) cost of a fresh bailout is a price worth paying to prevent a default that could shatter the euro area.

By Bloomberg
REGULATION AND LEGISLATION MAR 09, 2012
Insider trading probe of Bachus muddles SRO picture

Another distraction has hit House Financial Services Chairman Spencer Bachus, potentially creating more obstacles for his legislation to establish a self-regulatory organization for investment advisers.

By Bloomberg
RJ dangles indie lure for Morgan Keegan reps
INDUSTRY NEWS MAR 09, 2012
RJ dangles indie lure for Morgan Keegan reps

Offer 'clearly compelling,' says headhunter; CEO Reilly expects to retain 90% of MK's advisers

By Bloomberg
BROKER DEALERS MAR 09, 2012
Keegan producers may find retention deals disappointing

By Bloomberg
RayJay rolls out the red carpet
INDUSTRY NEWS MAR 09, 2012
RayJay rolls out the red carpet

Morgan Keegan branch managers psyched to be a part of Raymond James, but what about consolidation?

By Andrew Osterland
INDUSTRY NEWS MAR 09, 2012
RJ buy may be tough sell to Keegan reps

By Andrew Osterland
In reversal, Fidelity says new Magellan manager to leave other fund
INDUSTRY NEWS MAR 09, 2012
In reversal, Fidelity says new Magellan manager to leave other fund

Shuffle in Boston continues as Feingold exits top-performing Trend Fund

By Bloomberg
Soros says Europe's debt woes 'more serious' than 2008 crisis
FIXED INCOME MAR 09, 2012
Soros says Europe's debt woes 'more serious' than 2008 crisis

World faces the prospect of a 'vicious circle' of deflation: Soros

By Doug Cubberley
SEC upping the ante with new, more sophisticated technology: Schapiro
FINTECH MAR 08, 2012
SEC upping the ante with new, more sophisticated technology: Schapiro

The Securities and Exchange Commission is continuing to beef up and streamline its technology, adding new systems to track and catch fraudsters and other financial miscreants.

By Bruce Kelly
INDUSTRY NEWS MAR 08, 2012
An iDeal time

Apple unveiled its latest iPad on Thursday, mostly to rave reviews. That's good news for advisers looking to buy. Why? The existing model is likely to get a lot cheaper.

By John Goff
INDUSTRY NEWS MAR 08, 2012
'Foolish Washington gridlock' could dampen equity markets

Stocks are more favorable than bonds and cash for now, but another round of gridlock on Capitol Hill could cause that assessment to change.

By Bloomberg
N.Y. adviser bilked investors, bought a beach house: SEC
REGULATION AND LEGISLATION MAR 08, 2012
N.Y. adviser bilked investors, bought a beach house: SEC

Callahan accused of using $3.35 million of investor money to help purchase property

By Bloomberg
White House wants closer scrutiny of investment advisers
REGULATION AND LEGISLATION MAR 08, 2012
White House wants closer scrutiny of investment advisers

Administration's proposed budget would boost funds for SEC; more examiners, more exams

By Mark Schoeff Jr.
BROKER DEALERS MAR 08, 2012
LPL is gunning for hotshot reps

By Bruce Kelly
Guggenheim said to weigh bid for Deutsche Bank's fund biz
INDUSTRY NEWS MAR 08, 2012
Guggenheim said to weigh bid for Deutsche Bank's fund biz

Guggenheim Partners LLC is among the companies preparing to bid for Deutsche Bank AG's asset-management divisions.

By Doug Cubberley
INDUSTRY NEWS MAR 08, 2012
Shorting long-term care

Although most adults agree that the recession has necessitated new long-term financial plans, they continue to ignore long-term-care insurance.

By Ashley Tavoularis