Industry News

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NEWS INDUSTRY NEWS MAR 07, 2010
Next N.Y. attorney general will wield power in financial circles

It's early, but brokers and bankers should be tuned into the New York AG race to get a feel for their futures

Treasury to begin selling stake in Citi
NEWS INDUSTRY NEWS MAR 05, 2010
Treasury to begin selling stake in Citi

The government says it will sell the 7.7 billion in shares it bought in Citigroup over the next year.

NEWS RETIREMENT PLANNING MAR 05, 2010
Retirees facing minimum $200K medical bill

And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.

NEWS RETIREMENT PLANNING MAR 05, 2010
Lifestage: How would you advise these thirty-somethings?

The Jones family is in need of financial advice in a major way.

NEWS INDUSTRY NEWS MAR 05, 2010
Largest privately held bank in the U.S. still hasn't paid back Uncle Sam's TARP loan

A year after taxpayers bailed out the nation's financial system, every major bank in New York has settled its debt with Uncle Sam except one: Emigrant Savings Bank.

NEWS INDUSTRY NEWS MAR 05, 2010
N.Y. rabbi accused of blackmailing Conn. hedge fund

A prominent Brooklyn rabbi was arrested Thursday in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, federal prosecutors said.

NEWS LIFE INSURANCE AND ANNUITIES MAR 05, 2010
Insurers cheer approval of life settlement bill

Trade associations representing the life insurance industry and agents last week applauded New York's passage of life settlement legislation.

NEWS RIAS MAR 04, 2010
Financial adviser admits to embezzling $4.3M from clients

A former financial adviser from Plymouth, Mass., has pleaded guilty in federal court to embezzling $4.3 million from his clients and using the money for personal expenses, including to make mortgage payments and pay his daughter's college tuition.

NEWS RETIREMENT PLANNING MAR 04, 2010
Thirtysomethings ask: 'What do we do now?'

Over the past year, at least six young couples have come to investment adviser Susan Spraker in desperate need of financial help.

NEWS INDUSTRY NEWS MAR 04, 2010
The recession that wouldn't go away

Nearly half of surveyed business leaders now say the lousy economy won't improve until 2011 — at the earliest.

NEWS RETIREMENT PLANNING MAR 04, 2010
Lifestages case study: Keeping up with the Joneses

The Jones family is in need of financial advice in a major way. InvestmentNews wants to know how you would advise this made-up 30-somethings couple, the first case study of a four-part series on lifestage investing.

NEWS RIAS MAR 04, 2010
Account aggregation, CRM added to TradePMR platform

Wallet Street: Big bank bonuses skyrocket, top pre-crisis levels
NEWS INDUSTRY NEWS MAR 04, 2010
Wallet Street: Big bank bonuses skyrocket, top pre-crisis levels

The American taxpayer bailed out New York City's banking elite. Now, the top securities firms are raking in supersized profits -- with bonuses to match.

NEWS INDUSTRY NEWS MAR 04, 2010
Name stays the same: The Dow will keep its famous moniker in $607M deal

Dow Jones & Co. is selling a 90 percent stake in its stock market index unit to exchange operator CME Group Inc. for $607.5 million, the companies announced Wednesday.

NEWS INDUSTRY NEWS MAR 04, 2010
TD's Fred Tomczyk: RIAs will lead the way to the affluent

TD Ameritrade president Fred Tomczyk said today that the company will rely on its registered investment advisers to help achieve TD's goal of becoming a “premier asset gatherer.”

NEWS INDUSTRY NEWS MAR 03, 2010
Stock futures narrowly mixed ahead of opening

Stock futures were trading in a narrow range Wednesday as investors avoided making big bets ahead of a key report on the service sector industry.

NEWS INDUSTRY NEWS MAR 03, 2010
Stocks rise after Greece announces austerity plan

Stocks are rising for a fourth day after debt-burdened Greece announced plans to trim spending.

NEWS REGULATION AND LEGISLATION MAR 03, 2010
Brokers may dodge fiduciary requirement, consumer groups say

The requirement that brokers who provide advice be regulated as registered investment advisers may be dropped from financial-reform legislation being considered by the Senate Banking Committee, according to consumer groups and state securities regulators.

NEWS RETIREMENT PLANNING MAR 03, 2010
Retirement plan groups lobby Congress to allow Roth 401(k) conversions

NEWS RIAS MAR 03, 2010
Consumers likely to pay for bank levy

The Obama administration has proposed a $90 billion to $100 billion levy over 10 years on large financial institutions, aimed at recovering the money that the government used to stave off financial disaster in late 2008 and early 2009.