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INDUSTRY NEWS APR 15, 2010
TD Ameritrade's Tomczyk: RIA business key to raising valuation of company

By Jed Horowitz
REGULATION AND LEGISLATION APR 15, 2010
Jeremy Shockey says ex-teammate ain't no saint, sues over alleged tax credit fraud

Kevin Houser played with the New Orleans Saints from 2000 to 2008. Now, his former teammate Jeremy Shockey — and others — claim the Securities America-affiliated rep ripped them off in an alleged tax scam.

By Bruce Kelly
RETIREMENT PLANNING APR 15, 2010
Last-minute question on estate taxes or Roths? Ask our Tax Man

Randy Abeles from RSM McGladrey takes all of advisers' tax questions this week.

By Mark Bruno
TD Ameritrade's Tomczyk: Still no plans to buy E*Trade
INDUSTRY NEWS APR 15, 2010
TD Ameritrade's Tomczyk: Still no plans to buy E*Trade

Tomczyk says discount brokerage still has no plan to buy E*Trade; the company could authorize a dividend at some point, however.

By Jed Horowitz
ALTERNATIVES APR 15, 2010
Evercore Partners buys private funds biz from Neuberger Berman

Evercore Partners Inc. said Wednesday that it has purchased Neuberger Berman's Private Funds Placement Group as it looks to expand its advisory services.

By Associated Press
INDUSTRY NEWS APR 15, 2010
ING broker-dealers' leading suitor is Don Marron's Lightyear Capital

The former Paine Webber chairman, who went all-out in failed bid for AIG's B-Ds, is said to have considerable interest in three of the ING Advisors Network broker-dealers

By Bruce Kelly
LIFE INSURANCE AND ANNUITIES APR 15, 2010
ING to spin off insurance operations

European services giant ING Groep NV said Monday it will split itself in two, spinning off its insurance arm to simplify its business and issuing €7.5 billion ($11.3 billion) in new shares to repay state bailout money.

By Associated Press
LIFE INSURANCE AND ANNUITIES APR 15, 2010
ING money management unit could now be up for sale

ING Investment Management could go up for sale as part of parent ING Group's divestiture of its insurance business, according to ING spokesman Raymond Vermeulen.

By Thao Hua
WIREHOUSES APR 14, 2010
Broker who stole $780K from Merrill Lynch pleads guilty

Former Merrill Lynch & Co. broker Steven Mandala, who was charged with stealing $780,000 from the firm, partly to buy a Ferrari, pleaded guilty to grand larceny and identity theft, his lawyer said.

By Bloomberg
INDUSTRY NEWS APR 14, 2010
Bank of America taps ex-Northrop exec for CFO post

Former Northrop Grumman exec Charles H. Noski succeeds Joe Price, head of BofA's consumer and small business banking division.

By Bloomberg
INDUSTRY NEWS APR 14, 2010
Ben Stein: Investors goofed trusting big banks

'Wall Street was just lying their heads off to us,' says economist and former quiz show star

By John Goff
OPINION APR 14, 2010
Should I Stay or Should I Go?

By Danny Sarch
INDUSTRY NEWS APR 14, 2010
Baird hires longtime Smith Barney hand to open Oregon office

With the addition of David Perez, the Milwaukee-based Baird has now added 24 producers in a little more than three months. More coming?

By InvestmentNews Staff
Will regulators make securitizers eat their own dog food?
REGULATION AND LEGISLATION APR 14, 2010
Will regulators make securitizers eat their own dog food?

Congress and the SEC could require ABS packagers to hold some asset-backed securities on their books. Wall Street is not thrilled by this idea.

By Associated Press
INDUSTRY NEWS APR 14, 2010
Best-selling author Mary Higgins Clark buys seat on CBOE

Queen of Suspense purchases a seat on the Chicago Board Options Exchange for nearly $3M

By Lynne Marek
FDIC shuts down four more banks
INDUSTRY NEWS APR 14, 2010
FDIC shuts down four more banks

The amount of toxic debt held by banks may be declining. But as the closure of four banks over the weekend showed, bad loans are still rippling through the financial system.

By Associated Press
REGULATION AND LEGISLATION APR 14, 2010
22 bank failures this year -- and it's only March

The FDIC seized another pair of community banks over the weekend, making it 22 for the year. With 700 banks now on the agency's 'problem' list, last year's tally of 25 bank failures is sure to be surpassed.

By Associated Press
RETIREMENT PLANNING APR 14, 2010
Mixing friends, family with business is a danger

Clyde Wyatt managed his father's money for about 18 months before he was abruptly dumped for another adviser: His own son Chris.

By Lisa Shidler
Chummy OTS blew it on WaMu: Senate panel
REGULATION AND LEGISLATION APR 13, 2010
Chummy OTS blew it on WaMu: Senate panel

According to a new report, Washington Mutual provided the largest chunk of funding for the federal agency that oversaw the thrift. Yesterday, a Senate panel said that arrangement was less than ideal.

By John Goff
LIFE INSURANCE AND ANNUITIES APR 13, 2010
Cuomo on Hank Greenberg's denial: 'Incredible and irrelevant'

The N.Y. AG scoffs at the former AIG boss' claim he knew nothing about sham transactions between the insurer and Gen Re

By Bloomberg