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Astronomical surge in price of oil possible: Nomura
INDUSTRY NEWS FEB 24, 2011
Astronomical surge in price of oil possible: Nomura

Get a horse: Analyst say cost of crude could top $220 a barrel due to unrest in Libya, Algeria

By John Goff
Edward Jones teeing up cheaper VA share class
RETIREMENT PLANNING FEB 24, 2011
Edward Jones teeing up cheaper VA share class

Company says O shares won't have front-end load, making them cheaper than other contracts; will likely discourage exchanges

By Darla Mercado
INDUSTRY NEWS FEB 24, 2011
B-D down: QA3 to close up shop next week

It's been a rough patch for QA3. The indie B-D has battled an insurer over coverage for lawsuits. In January, the firm lost a sizable arbitration claim filed by an elderly couple. And now, the final blow: an internal e-mail from boss Steve Wild says the brokerage will cease operating on Friday.

By Bruce Kelly
Industry groups say target date proposal slightly off the mark
RETIREMENT PLANNING FEB 24, 2011
Industry groups say target date proposal slightly off the mark

More detail? Less detail? Groups disagree about the DOL's plan to hike disclosure about the funds

By Darla Mercado
Target date fund proposal targeted by industry group
RETIREMENT PLANNING FEB 24, 2011
Target date fund proposal targeted by industry group

Rule requiring greater disclosure draws fire from retirement plan providers

By Darla Mercado
MUTUAL FUNDS FEB 24, 2011
DOL floats disclosure rule for 401(k) target date funds

The Labor Department today proposed a rule aimed at providing 401(k) plan participants more details about target date funds used in retirement plans.

By Darla Mercado
Murky markup rule may get murkier
REGULATION AND LEGISLATION FEB 23, 2011
Murky markup rule may get murkier

Finra wants to replace 5% policy with principles-based guidelines; enforcement could be a 'monumental task'

By Dan Jamieson
Oil bears mauled by Egypt's 'black swan moment'
INDUSTRY NEWS FEB 23, 2011
Oil bears mauled by Egypt's 'black swan moment'

Protests -- and worries about contagion -- send price surging

By John Goff
Do mutual funds pose risk to U.S.? Debate rages on
MUTUAL FUNDS FEB 23, 2011
Do mutual funds pose risk to U.S.? Debate rages on

The ICI and unions are going toe-to-toe over whether mutual funds pose any major systemic risks to the U.S. financial system -- and if the mutual fund industry needs extra oversight

By John Goff
REGULATION AND LEGISLATION FEB 23, 2011
Lack of crackdown a golden opportunity to short banks?

Absent true reform, and eager to jack up profits, some Wall Street firms will once again make risky bets -- and probably crap out

By Bloomberg
INDUSTRY NEWS FEB 23, 2011
Peter Schiff: New financial regs will likely increase severity of next crisis

In a speech to Wall Street today, President Obama talked of a "failure of responsibility" in Washington and on Wall Street. But the financial sector is the most regulated part of the economy, so surely responsibility lies mostly with Washington.

By Peter Schiff
Wall Street mobilizes to declaw Dodd bill
REGULATION AND LEGISLATION FEB 23, 2011
Wall Street mobilizes to declaw Dodd bill

On Monday, Sen. Christopher Dodd unveiled his latest plan to clamp down on financial services providers. On Tuesday, bankers and their lobbyists descended on Capitol Hill. A connection?

By Associated Press
REGULATION AND LEGISLATION FEB 23, 2011
Fed Chairman Ben Bernanke makes case to keep all banking duties

Federal Reserve Chairman Ben Bernanke urged Congress Wednesday to let the Fed keep all of its banking oversight, arguing that information gleaned from that process helps the central bank guide the economy.

By Associated Press
MSSB boss pulled down $10M in 2010
WIREHOUSES FEB 22, 2011
MSSB boss pulled down $10M in 2010

Fleming's comp package included $1.4M in cash, and nearly $4M in deferred cash; took over at brokerage in January

By John Goff
RIAS FEB 22, 2011
Onetime E*Trade unit snagged in reported LBO

Adviser Investments purchasing Kobren Insight; said to be management buyout

By Andrew Osterland
Brokers still in doghouse with clients, survey finds
INDUSTRY NEWS FEB 22, 2011
Brokers still in doghouse with clients, survey finds

Trust levels remain less-than-encouraging; community banks remain highly regarded

By Andrew Osterland
Are mandatory IRAs on the way?
RETIREMENT PLANNING FEB 22, 2011
Are mandatory IRAs on the way?

Pressure is mounting to prop up the sagging Social Security system. Requiring workers to set aside some money of their own may be the solution.

By John Goff
Bernanke bets commodities won't fan inflation concern
INDUSTRY NEWS FEB 22, 2011
Bernanke bets commodities won't fan inflation concern

Investors are betting with Ben S. Bernanke that surging food and energy prices won't accelerate U.S. inflation, allowing him to maintain easy money.

By Mark Bruno
Most conservative investors? The young and the affluent
RETIREMENT PLANNING FEB 22, 2011
Most conservative investors? The young and the affluent

With two of the most severe bear markets of this century fresh in their short-term memories, affluent investors — particularly the youngest investors — appear to be quite skittish about investing in anything but the safest of asset classes.

By Andrew Osterland
S&P 500 poised for big move, says Goldman's O'Neill
INDUSTRY NEWS FEB 22, 2011
S&P 500 poised for big move, says Goldman's O'Neill

Head of company's asset management unit sees 15% spike over next year; QE3 coming?

By John Goff