The Takeaway: ECB caves on Cyprus bailout

Portfolio ECB caves in on Cyprus bail out, will provide liquidity rather than rob its own citizens to protect hedge fund bondholders. The market likes it. (Business Insider) Should you buy Claymore's new spin-off ETF? (ETFdb) The Biz More on Raymond James's new RIA-like platform. (RIABiz) Senate approves Mary Jo White as SEC top cop. (Advisor One) Meet TD Ameritrade Institutional's new head of "advisor transitions". (Financial Planning) Citigroup pays $730 million to settle with investors who claim they were misled. Another day at the office. (Reuters) Why managed ETFs are a big danger for the mutual fund biz but great for advisors. (Investment News) Outliers Guy selling pre-IPO shares of Facebook and LinkedIn nailed for a ponzi scheme, fraud etc. (SEC.gov) *** Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.