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Ex-Refco chief sentenced to 16 years

By Andrew Coen | July 3, 1:12 PM EST

Philip Bennett pleaded guilty in February to fraud charges after it was found that the firm was $430 million in debt.

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Israel to judge: I really tried to kill myself

By Andrew Coen | July 3, 12:41 PM EST

Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.

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Charges against AIG Global exec dropped

By Aaron Siegel | July 3, 12:46 PM EST

David B. Pinkerton had been charged with bribing Azerbaijan officials over the privatization of the State Oil Company.

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Consumer confidence hits all-time low

By Aaron Siegel | July 3, 12:32 PM EST

Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.

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More of Today's Headlines

This Week

Top Headlines

U.S. wealth managers go global

By Charles Paikert

Merrill Lynch is leading the charge as top U.S. wealth managers increasingly seek to grow their businesses by expanding overseas.

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Funds eyeing growth look past boxes

By David Hoffman

Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.

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Attorneys see gold in auction rate mire

By Bruce Kelly

Personal-injury lawyers are once again jumping into the risky — and costly — arena of securities litigation, teaming up with plaintiff's attorneys to troll for clients who claim that broker-dealers wronged them when they bought auction rate securities.

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Subprime exposure afflicts Security Benefit Life Insurance

By Darla Mercado

Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.

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New CFP rules could be hard on small clients

By Darla Mercado

Some certified financial planners say they may have to give smaller clients the heave-ho if paperwork related to the CFP Board's updated rules becomes cumbersome.

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Brokers, advisers blast Finra proposal

By Sara Hansard

While brokers and investment advisers have disagreed over many regulatory issues in recent years, they're united when it comes to the Financial Industry Regulatory Authority Inc.'s new proposal that brokerage firms supervise non-brokerage activities (InvestmentNews, June 2).

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Employers take to Roth 401(k) after slow start

By Lisa Shidler

More than two years after its creation, the Roth 401(k) is finally gaining traction in company plans, such as those managed by The Hartford (Conn.) Financial Services Group Inc., The Vanguard Group Inc. and Merrill Lynch Retirement Group.

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Auld new head of two AIG units

By Bruce Kelly

AIG Advisor Group continues to play a game of musical chairs with the heads of its various broker-dealers, this time replacing James Cannon with Jeffrey Auld, who becomes president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.