Bloomberg

Bloomberg
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INVESTING ESG JUL 30, 2008
Pax socially irresponsible, SEC says

The socially concious mutual fund was fined $500,000 for violating investment restrictions.

NEWS INDUSTRY NEWS JUL 30, 2008
Oppenheimer and others take 2Q tumble

A host of financial services companies reported their earnings today, with only one firm boasting black ink on its ledger.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 30, 2008
Finra floats VA marketing reform

Clients would be urged to obtain a personalized hypothetical illustration, revealing all applicable charges and fees.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 29, 2008
Insurance groups clash over regulation

Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.

INVESTING ALTERNATIVES JUL 29, 2008
Home prices down 15.8% In May

The price of single-family homes in the country’s top 20 metropolitan markets posted the biggest year-over-year decline .

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 29, 2008
The Hartford’s VA assets fall in 2Q

The Hartford Financial Services Group's second-quarter profits fell to $543 million or $1.73 per diluted share.

NEWS INDUSTRY NEWS JUL 29, 2008
Waddell & Reed

Second-quarter net income for asset manager rose 18.5% to $35.2 million from $29.7 million in the year-ago period.

RETIREMENT TAX JUL 29, 2008
When clients want to raid DC accounts

If your client want to raid their retirement money for a "hardship distribution," you need to know the rules.

INVESTING FIXED INCOME JUL 29, 2008
SIFMA forms covered-bond-traders group

The member firms on the new committees have agreed to take a series of actions to enhance the U.S. covered-bond market.

YOUR PRACTICE FINTECH JUL 28, 2008
Website offers quick advice for business growth

Financial advisers typically spend months working with a business consultant to develop a plan for expanding their firms, and face a bill of at least several thousand dollars.