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REGULATION AND LEGISLATION MAR 12, 2007
Galvin leads charge against senior fraud

State regulators, led by Massachusetts’ William F. Galvin, are stepping up their attacks on financial scam artists who prey on senior citizens.

BROKER DEALERS MAR 12, 2007
LPL deal raises questions

LPL Financial Services Inc.’s plan to acquire three broker-dealers owned by Pacific Life Insurance Co. came as little surprise to many in the industry, though the deal has raised a few key questions, industry observers and advisers say.

INDUSTRY NEWS MAR 12, 2007
Ultrawealthy ultrahot as a market

Ultrawealthy clients with investible assets of $40 million to $50 million rapidly are emerging as one of the most coveted segments of the wealth management business.

REGULATION AND LEGISLATION MAR 12, 2007
NASD wants to supplant OSJ category

Industry observers are worried about the potential effect of an NASD proposal to eliminate the definition of “office of supervisory jurisdiction” and in its place create four new branch-office categories.

BROKER DEALERS MAR 12, 2007
FSI hopes to state case to SEC consultants

The Financial Services Institute Inc. hopes to bend the ear of the consulting firm chosen by the Securities and Exchange Commission to consider the effect on investors of applying differing regulatory standards to broker-dealers and investment advisers.

INDUSTRY NEWS MAR 12, 2007
Baby boomers creating opportunities

NEW YORK — The ever-evolving need for assisted-care facilities for the elderly and increased concern over energy policy have created opportunities for municipal bond portfolio managers.

OPINION MAR 12, 2007
Shareholders should vote on exec pay

OPINION MAR 12, 2007
Hedge fund industry’s unease with media is all too obvious

WIREHOUSES MAR 12, 2007
Schwab, Cambridge blend efforts

After 15 years of serving their common clientele separately, Schwab Institutional and Cambridge Investment Research Inc. are showing those dually registered advisers a united front in recruitment, service and reporting.

WIREHOUSES MAR 12, 2007
Wirehouse accounts don’t match client goals

In a huge survey of its clientele, Schwab Institutional documented what financial advisers have been screaming about for years.

INDUSTRY NEWS MAR 12, 2007
Biodiesel industry heats up as number of plants rises

NEW YORK — Once the domain of the Corn Belt, the biofuel industry is heating up across 41 states, thanks to the emergence of biodiesel.

BROKER DEALERS MAR 12, 2007
Commonwealth plans to open its payout purse

NEW YORK — Commonwealth Financial Network of Waltham, Mass., said it is giving pay raises to 400 of its advisers effective April 1, increasing the payout for advisers once they reach $25 million in assets on the firm’s proprietary managed money system.

INDUSTRY NEWS MAR 12, 2007
A new market emerges for Mother Nature

WASHINGTON — A new financial product will allow traders to bet on which way the wind blows. The Chicago Mercantile Exchange today began selling hurricane futures contracts and options on futures contracts.

INDUSTRY NEWS MAR 12, 2007
India well positioned for surge in real estate

NEW YORK — Real estate investment trusts don’t exist in India, but investing in real estate there shows great potential, according to executives at Deloitte Touche Tohmatsu.

INDUSTRY NEWS MAR 12, 2007
Watch out for falling BRICs, investors warned

NEW YORK — Emerging-markets investors may have done well for themselves during the past four years, but there are several reasons why they might want to exercise caution in the coming months, according to one portfolio manager.

INDUSTRY NEWS MAR 12, 2007
Canadian seniors group calls for enforcement reform

OTTAWA — It isn’t that Canada doesn’t have securities laws; it has lots of them. But there seems to be a problem with enforcement.

REGULATION AND LEGISLATION MAR 09, 2007
SEC releases order routing report

Payment for order flow and internalization of retail options orders to affiliated dealers by brokerage firms has become more pervasive, the Securities and Exchange Commission found in a study

LIFE INSURANCE AND ANNUITIES MAR 06, 2007
Hancock tops in individual-life sales

John Hancock led the industry with $735 million in individual life insurance sales last year, according to a recent survey of 78 major life insurers by LIMRA International Inc.

REGULATION AND LEGISLATION MAR 06, 2007
Latest ethical lapse 'troubles' CFA Institute

The CFA Institute responded with "concern and disappointment" to the mega-insider trading case that was brought to light last week.

INDUSTRY NEWS MAR 06, 2007
U.S. markets bounce back

The U.S. markets had a much better Tuesday than they did last week.