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A bridge loan too far? California aims to borrow $5B to protect against U.S. default
RETIREMENT PLANNING JUL 22, 2011
A bridge loan too far? California aims to borrow $5B to protect against U.S. default

State hedging against possible credit market chaos; lowest-debt rating of all 50 states

By John Goff
Debt deal in Washington could be monumentally bad for clients
RETIREMENT PLANNING JUL 22, 2011
Debt deal in Washington could be monumentally bad for clients

Tax breaks for investments and savings look to be prime targets for lawmakers; 'the fight is coming'

By Mark Schoeff Jr.
Triple-A rated insurers can handle a mild downgrade of U.S. debt
LIFE INSURANCE AND ANNUITIES JUL 22, 2011
Triple-A rated insurers can handle a mild downgrade of U.S. debt

The ratings of four major life insurers with pristine Aaa ratings are likely to hold steady, provided the U.S.'s government bond rating doesn't fall by more than one rung.

By Darla Mercado
Neuberger Berman loses $4M Finra arbitration case
REGULATION AND LEGISLATION JUL 22, 2011
Neuberger Berman loses $4M Finra arbitration case

Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank.

By Mark Bruno
SIFMA gives SEC ideas for a new fiduciary standard
REGULATION AND LEGISLATION JUL 21, 2011
SIFMA gives SEC ideas for a new fiduciary standard

Letter details how a universal standard could accommodate brokers

By Doug Cubberley
Mortgage tax break set for the wrecking ball?
RETIREMENT PLANNING JUL 21, 2011
Mortgage tax break set for the wrecking ball?

Poll reveals more Americans willing to give up home-loan interest deduction

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 21, 2011
Insurers getting plenty of mileage out of long-term-care hybrids

Pearl Neier, 85, decided against long-term-care insurance after hearing about the policies from AARP, the group that lobbies for older Americans

By Bloomberg
Securities America reaches pivotal deal with regulator over private placements
INDUSTRY NEWS JUL 21, 2011
Securities America reaches pivotal deal with regulator over private placements

The besieged broker-dealer today agreed to a pivotal settlement with Massachusetts over soured MedCap private placements. The upshot? Investors are to to get 100% of their principal back.

By Bruce Kelly
LIFE INSURANCE AND ANNUITIES JUL 21, 2011
MetLife names Goulart as new CIO

MetLife Inc., the largest U.S. life insurer, selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion.

By Doug Cubberley
INDUSTRY NEWS JUL 21, 2011
Ameriprise shopping Securities America

With its long-running litigation woes seemingly coming to an end, Securities America suddenly faces a new challenge. Parent Ameriprise intends to unload the beleaguered B-D.

By Bruce Kelly
INDUSTRY NEWS JUL 20, 2011
J.P. Morgan to manage, distribute N.Y.'s adviser-sold 529

By Liz Skinner
State regulators aren't nuts about souped-up ETFs
ETFS JUL 20, 2011
State regulators aren't nuts about souped-up ETFs

Leveraged and inverse funds over the head of the average investor, NASAA warns; plenty of fees, too

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 20, 2011
Illinois securities cops revoke licenses of reps for annuity sales

The Illinois Securities Department has revoked the registration of two investment adviser representatives for inappropriately liquidating clients' annuities to fund the purchase of fixed-indexed annuities

By Darla Mercado
LIFE INSURANCE AND ANNUITIES JUL 20, 2011
Market lifts variable annuity assets to all-time high

Assets in variable annuities reached an all-time high in the first quarter of the year. Cash inflows helped, but the high-flying stock market was the real reason the coffers bulged.

By Darla Mercado
RETIREMENT PLANNING JUL 19, 2011
Gored

The average closing cost on a mortgage jumped from around $3,600 to more than $4,000 this year. It's even more expensive in these ten states.

By John Goff
Workers more likely to retire after strong market performance
RIAS JUL 19, 2011
Workers more likely to retire after strong market performance

Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.

By Darla Mercado
Merrill Lynch grabs UBS team of $2.5M producers
PRACTICE MANAGEMENT JUL 19, 2011
Merrill Lynch grabs UBS team of $2.5M producers

A four-man team of financial advisers from UBS Financial Services Inc. managing $277 million in assets with trailing-12-month production of $2.5 million has joined the Palm Beach complex of Bank of America Merrill Lynch.

By Andrew Osterland
Boomers not interested in rocking chair retirement
RETIREMENT PLANNING JUL 19, 2011
Boomers not interested in rocking chair retirement

Younger boomers more optimistic about their finances but acknowledge that they will have to work some in retirement

By Darla Mercado
Corporate earnings surging — but investors not in the mood
INDUSTRY NEWS JUL 19, 2011
Corporate earnings surging — but investors not in the mood

Despite 'spectacular' ramp up in business profits, stock buyers remain on the sidelines; unemployment the hitch?

By John Goff
LIFE INSURANCE AND ANNUITIES JUL 19, 2011
Finra to revamp market exams for broker-dealers

By Darla Mercado