RIA News

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RIA NEWS DEC 30, 2009
Futures signal lower open for stocks

Stock futures pointed to a lower open on Wall Street Wednesday as a stronger dollar tugged on commodities prices.

By Associated Press
INDEPENDENT BROKER DEALERS DEC 30, 2009
LPL agrees to pay $1.3M to victims of Montana broker's Ponzi scheme

A Boston-based investment firm has agreed to pay $1.3 million in restitution to Montana investors for a Ponzi scheme run by an independent broker in Kalispell.

By Associated Press
Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi
RIA NEWS DEC 29, 2009
Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi

Three ex-employees of Bernie Madoff -- including operations chief Daniel Bonventre (above) -- say they played no part in the fraudster's $65 billion scheme

By Associated Press
RIA NEWS DEC 29, 2009
Investors are knocking on wood

Institutional investors are investing in timberland, trying to fill new inflation-hedging allocations.

By Arleen Jacobius
RIA NEWS DEC 29, 2009
Seven in a row? Futures signal another winning day for stocks

Stocks are looking to extend their gains into a seventh straight day as investors anticipate positive readings on home prices and consumer confidence.

By Associated Press
RIA NEWS DEC 29, 2009
Never too late: Still time for 2009 tax planning

Although there are just a few days left in 2009, small business owners still have time to squeeze in a few tax breaks.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 29, 2009
As rules change, a watchdog growls

New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.

By Bloomberg
RIA NEWS DEC 29, 2009
Morgan Stanley's money management biz finally lands its star exec

By Staff Report
Morgan Stanley shakes up management as Gorman preps for CEO spot
RIA NEWS DEC 29, 2009
Morgan Stanley shakes up management as Gorman preps for CEO spot

Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1.

By Associated Press
WIREHOUSES DEC 29, 2009
'Too-big-to-fail' could jack up loan costs for brokerages, banks

Provisions in legislation aimed at “too-big-to-fail” financial firms will increase borrowing costs for large institutions — and will make it harder to get secured lending, according to financial industry officials.

By Bloomberg
RIA NEWS DEC 29, 2009
Wells Fargo to return $1.3B to auction-rate investors

Wells Fargo Investments LLC will return about $1.3 billion to investors who suffered losses in the auction-rate-securities market, according to the North American Securities Administrators Association Inc.

By Sara Hansard
RIA NEWS DEC 29, 2009
Unlicensed securities broker pleads gulty to charges in $50M Ponzi scheme

A Lubbock businessman pleaded guilty Thursday to two charges related to his bilking $50 million from investors in a Ponzi scheme.

By Associated Press
RIA NEWS DEC 29, 2009
There's gold in them thar commodities

The secular bull market in commodities, which took a breather during the stock market downturn last year, is back on track and poised for an extended rally, according to money managers and market watchers.

By Jeff Benjamin
RIA NEWS DEC 28, 2009
Stocks edge higher on retail sales data

Stocks edged higher Monday as investors returning from a long holiday weekend were heartened by good news on retail sales.

By Associated Press
RIA NEWS DEC 28, 2009
Moniker for coming decade: Terrible Teens

The decade ahead could be a brutal one for America's unemployed — and for people with jobs hoping for pay raises.

By Associated Press
RIA NEWS DEC 28, 2009
Stock futures inch higher on overseas gains, retail sales

U.S. stock futures are creeping higher as investors return from a long holiday weekend to find good news on retail sales

By Associated Press
RIA NEWS DEC 28, 2009
Nobel laureate Stiglitz: Economy could shrink in 2010

Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year.

By Bloomberg
MUTUAL FUNDS DEC 28, 2009
Trend spotter calls U.S. large-caps next new thing

If the trend is your friend, U.S. large-cap stocks will be the place to invest over the next several months, says Jim Porter, manager of the Aston/New Century Absolute Return ETF Fund (ANENX).

By Bloomberg
MUTUAL FUNDS DEC 28, 2009
How to play the rally —and potential pullbacks

The stock market's relentless charge from its March lows shouldn't be taken for granted, since no rally lasts forever, according to portfolio manager Jeffrey Beamer, who maintains a constant hedge on every position in his Lacerte Guardian Fund (LGFIX) offered by Lacerte Capital Advisers LLC.

By Jeff Benjamin
RIA NEWS DEC 28, 2009
Ponzi schemer who pilfered $5M gets 7 years in prison

A Virginia man will spend more than seven years in prison for running a Ponzi scheme that bilked more than $5 million from more than 30 investors.

By Associated Press