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YOUR PRACTICE FINTECH OCT 11, 2007
Pershing hooks up to iPhone

Pershing announced that its broker-dealer customers can now access its NetExchange Pro online account management platform on the Apple iPhone.

INVESTING ETFS OCT 11, 2007
U.S. ETF assets up to $554 billion

ETF assets increased by 9.7% in September, as 15 new funds were launched, according to State Street.

INVESTING ALTERNATIVES OCT 11, 2007
Treasury eyes hedge fund fees

The Treasury is weighing a number of guidance projects, including one on hedge funds’ tax treatment of management fees.

NEWS REGULATION AND LEGISLATION OCT 11, 2007
House eyes replacement for AMT

House Republicans have introduced a bill that would repeal the AMT with an optional “simplified tax.”

INVESTING ALTERNATIVES OCT 11, 2007
Private-equity tax said to be alive in House

The private-equity tax hike will not go gentle into that good night, according to published reports.

INVESTING ALTERNATIVES OCT 10, 2007
Hedge fund adviser charged with short sales

The SEC today charged Sandell Asset Management Corp. with short-sale violations.

NEWS INDUSTRY NEWS OCT 10, 2007
Wholesale inventories remain flabby

U.S. wholesalers' inventories increased at a slower-than-expected rate in August, as demand for goods increased.

INVESTING ALTERNATIVES OCT 10, 2007
High hedge fees here to stay, report says

Despite faltering performance for hedge funds in the last few months, fees aren't dropping anytime soon, Reuters reported.

RETIREMENT RETIREMENT PLANNING OCT 10, 2007
No help for plans from PPA, says study

The PPA has not increased the security of defined-benefit pension plans, the Pension Benefit Guaranty Corp. said.

NEWS INDUSTRY NEWS OCT 10, 2007
Indies growing, but wirehouses have assets

The number of brokers at independent dealers will catch up to the number of wirehouses in three years.