Advisor News

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RETIREMENT PLANNING OCT 16, 2011
More the exception than the rule

Recently, the Tax Court ruled that a taxpayer's continuing business activities and lack of credible evidence failed to qualify him as disabled under the tax code

By MFXFeeder
FINTECH OCT 16, 2011
Web savvy boosts client trust level

Not surprisingly, investors are becoming more adept at using technology to manage their finances and evaluate investment-related information

By Davis Janowski
REGULATION AND LEGISLATION OCT 16, 2011
Court orders Wells to pay up in raiding claim

A California appellate court has ordered Wells Fargo Advisors LLC to pay $915,000 in legal fees to Stifel Nicolaus & Co. Inc. and Stifel broker Chris Nielsen

By Dan Jamieson
REGULATION AND LEGISLATION OCT 14, 2011
Ten regulatory moves advisers need to know

Rep. Spencer Bachus, an Alabama Republican and chairman of the House Finance Committee, is floating legislation that would establish one or more self regulatory organizations to oversee investment advisers; the fiduciary standard hits a snag; and the SEC takes a look at sub-accounts.

By Liz Skinner
INDEPENDENT BROKER DEALERS OCT 14, 2011
'Selling away' again a concern for regulators

Suddenly, selling away is again a big concern for regulators and law enforcement agencies. In recent months, former reps at several marquee B-Ds have been investigated for allegedly peddling unapproved investments on the side. | <b>Extra </b><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20110923&amp;Category=FREE&amp;ArtNo=923009998&amp;Ref=PH>What top RIA execs earn</a>

By Bruce Kelly
Regulator wants to firm up pricing of illiquid securities
ALTERNATIVES OCT 14, 2011
Regulator wants to firm up pricing of illiquid securities

Finra is continuing to shake up the way broker-dealers show the value of illiquid investments such as non-traded real estate investment trusts and private placements on clients' account statements.

By Bruce Kelly
REGULATION AND LEGISLATION OCT 13, 2011
INsider: Why MF Global could thump advisers, too

The unfolding drama at Jon Corzine's bankrupt trading outfit could give a serious boost to those who back financial reform, including the establishment of an investment adviser SRO and a universal standard of care.

By Bloomberg
NYPD pulls plug on protesters
REGULATION AND LEGISLATION OCT 13, 2011
NYPD pulls plug on protesters

Removes generators, gasoline cans from OWS site; 'pretext to make the protest less sustainable'

By John Goff
LA switching banks due to protest movement — but at a cost
REGULATION AND LEGISLATION OCT 13, 2011
LA switching banks due to protest movement — but at a cost

Price of debt servicing will climb considerably after city council sides with Occupy Los Angeles

By John Goff
REGULATION AND LEGISLATION OCT 13, 2011
Rajaratnam likely to do his time with Madoff, Rigas, and Ponzi artist Israel

It appears that convicted hedge fund manager Raj Rajaratnam will be sent to a penal facility known as the 'crown jewel of the federal prison system.' Certainly, the roster of inmates at the prison reads like a Who's Who of financial criminals, including Bernie Madoff, Ponzi artist Samuel Israel, and Adelphia's John Rigas. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111013&amp;Category=FREE&amp;ArtNo=101309997&amp;Ref=PH>Which investment bigs sympathize with Occupy Wall Street -- and which don't?</a>

By John Goff
Finra yanks controversial rules
REGULATION AND LEGISLATION OCT 13, 2011
Finra yanks controversial rules

In a little-noticed but surprising move, the Financial Industry Regulatory Authority Inc. last week withdrew a controversial proposal to revamp its supervisory rules that would have, among other things, required supervision of nonsecurities-related businesses.

By Dan Jamieson
INDEPENDENT BROKER DEALERS OCT 13, 2011
Ladenburg chairman boasts about growth plans

Investor Phillip Frost, the largest shareholder in and chairman of Ladenburg Thalmann Financial Services Inc., issued a challenge Friday to the independent-brokerage business, saying that the firm's plans to expand are second to none.

By Bruce Kelly
RIA NEWS OCT 13, 2011
SRO battle intensifies; will independents have a separate regulator?

The latest scrum over how to boost oversight of financial advisers suggests that independent advisers may have to accept an entirely new self-regulator if they want to avoid coming under Finra's jurisdiction

By Liz Skinner
Private college plan looks to educate advisers
RETIREMENT PLANNING OCT 13, 2011
Private college plan looks to educate advisers

Group touting the virtues of pre-paid tuition program that locks in rates at non-state schools

By Liz Skinner
EQUITIES OCT 13, 2011
This tech fund beats benchmarks by avoiding 'bleeding edge' stocks

Looking beyond the technology-centric U.S. market is key to building a solidly diversified portfolio of tech stocks, according to Ian Warmerdam, manager of the $300 million Henderson Global Technology Fund.

By Bloomberg
Missed Dodd-Frank deadlines pile up on eve of anniversary
REGULATION AND LEGISLATION OCT 13, 2011
Missed Dodd-Frank deadlines pile up on eve of anniversary

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 13, 2011
Dodd-Frank: As a rule, the going has been slow

More so than most other legislation, the 849-page Dodd-Frank Wall Street Reform and Consumer Protection Act reached the president's desk on July 21, 2010, as a work in progress.

By Mark Schoeff Jr.
RIA NEWS OCT 13, 2011
Land of the fee: Advisers seen switching revenue model ahead of fiduciary rewrite

By Mark Schoeff Jr.
FINTECH OCT 12, 2011
Tamarac makes it into the club

By Davis Janowski
BofA institutional unit snags Convergent advisers with $2.7B in AUM
RETIREMENT PLANNING OCT 12, 2011
BofA institutional unit snags Convergent advisers with $2.7B in AUM

By Andrew Osterland