Bloomberg

Bloomberg
Displaying 12897 results
NEWS REGULATION AND LEGISLATION MAR 26, 2007
Marketing firms targeting elderly draw attention from regulators

Regulators are turning the spotlight on companies that specialize in using high-pressure marketing tactics to sell financial products and services to older Americans.

NEWS REGULATION AND LEGISLATION MAR 26, 2007
State regulators defend their authority vigorously

State securities regulators are worried that the recent emphasis on making U.S. capital markets more competitive could lead to the pre-emption of their power by federal regulators.

NEWS REGULATION AND LEGISLATION MAR 26, 2007
SEC proposes rules on cash sweep practices

IRVINE, Calif. — The Securities and Exchange Commission has proposed that firms beef up their disclosure of cash sweep policies. The proposal, part of a little-noticed package of rules floated by the SEC this month, would require broker-dealers to provide a quarterly notice to customers telling them that they can opt out of a default sweep option and choose another vehicle for their cash.

NEWS OPINION MAR 26, 2007
Fees and expenses: It’s about fiduciary responsibility

One of the most pressing issues in the investment industry today is retirement plan fees and expenses. A lot of questions have been raised about them recently, all of which can be answered simply à la college basketball commentator Dick Vitale: “It’s about fiduciary responsibility, baby!”

RETIREMENT IRA ALERT MAR 26, 2007
The plan participant who was ‘active’ but not eligible

This is the time of the year that most individual retirement account contributions are being made, but they may or may not be deductible. If you are active in a company plan, and your income exceeds certain amounts, then you cannot deduct your IRA contribution. If you are not an active participant, then you can deduct your IRA contribution regardless of your income.

NEWS REGULATION AND LEGISLATION MAR 26, 2007
SEC soon may file its first privacy case

The Securities and Exchange Commission is getting close to bringing a first-of-its-kind privacy case against a broker-dealer for using client data in the account transfer process, and industry attorneys said that the SEC is investigating similar cases against as many as a dozen other firms.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 26, 2007
‘Probe and disturb’ viewed as key to one firm’s tactics

Nobody ever accused companies that push annuities on older Americans of being subtle.

NEWS INDUSTRY NEWS MAR 26, 2007
Investors call for government to take on climate change

NEW YORK — Clean energy is increasingly gaining the attention of institutional investors. Last Monday, dozens of top investors managing a total of $4 trillion in assets asked Congress, the Securities and Exchange Commission and the White House to approve stronger climate control policies.

NEWS BROKER DEALERS MAR 26, 2007
NFP to continue acquisition strategy

NEW YORK — National Financial Partners Corp. will continue to pour money into acquisitions this year. At a recent conference for analysts and investors, company officials disclosed that they have earmarked $20 million to spend on acquisitions this year, a $5 million increase over 2006’s allocation.

INVESTING MUTUAL FUNDS MAR 26, 2007
Market fears may lure investors to money funds

Stock market volatility and worries that more bad news from the housing sector could threaten the U.S. economy’s prospects for a soft landing are likely to make 2007 “a dynamite year” for money fund inflows, a well-known money fund expert said last week.