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NEWS WIREHOUSES MAR 21, 2007
Morgan Stanley profits soar 69%

Morgan Stanley today posted a 69% increase in first-quarter profits on strong advisory fees from higher trading levels and increased investment banking fees.

NEWS INDUSTRY NEWS MAR 19, 2007
Accountants group weighs in on Canadian securities cop

OTTAWA — The Certified General Accountants Association of Canada has addressed the subject of a national securities regulator and has offered up suggestions about how it should work.

NEWS WIREHOUSES MAR 19, 2007
Merrill seeks to expand in India

Merrill Lynch & Co. Inc. is planning to increase the scope of its Indian private banking business, with a focus on providing financial services to that country’s growing wealthy population, according to the Economic Times in India.

NEWS INDUSTRY NEWS MAR 19, 2007
Advisers, managers comb economic statistics for clues

NEW YORK — Just as Federal Reserve monetary policymakers will use economic data to determine what to do with the federal funds rate this week, financial advisers and asset managers rely on such data to pick investments.

NEWS REGULATION AND LEGISLATION MAR 19, 2007
Compatibility of pension funds, hedge funds questioned at hearing

WASHINGTON — The possibility of limiting pension fund involvement in hedge funds was raised last week by legislators and hedge fund industry representatives at a hearing on Capitol Hill on how much risk hedge funds pose for financial markets.

NEWS WIREHOUSES MAR 19, 2007
Wachovia launches 4front client loyalty program

IRVINE, Calif. — In an expected move, Wachovia Securities LLC this month launched a client loyalty program called 4front.

NEWS BROKER DEALERS MAR 19, 2007
Royal indulges its appetite for acquisitions

Continuing its focus on buying small to midsize firms, Royal Alliance Associates Inc. late last month completed a deal to acquire United Securities Alliance Inc.

NEWS BROKER DEALERS MAR 19, 2007
Indies are too tempting to be ignored

Intrigued wirehouse executives who are looking for a change are beginning to check out independent-contractor broker-dealers, and what they see interests them more and more, industry executives, consultants and recruiters say.

NEWS REGULATION AND LEGISLATION MAR 19, 2007
Opponents of SRO merger are keeping the faith

Opponents of a merger between the regulatory operations of NASD and the New York Stock Exchange haven’t given up on their efforts to stop the deal.

NEWS INDUSTRY NEWS MAR 19, 2007
Reverse-mortgage firms aim at wealthy

A wealthy retired couple in their late 70s enjoyed an annual income of $80,000 but wanted to increase their standard of living.