Industry News

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Bernanke does muni investors a solid
NEWS RETIREMENT PLANNING DEC 08, 2011
Bernanke does muni investors a solid

Fed's low-interest-rate policy making tax-exempt debt very attractive, say portfolio managers; 'renewed confidence'

By Bloomberg
Moody's is positive muni outlook negative
NEWS RETIREMENT PLANNING DEC 08, 2011
Moody's is positive muni outlook negative

States, cities face rate cuts as financial pressures mount, credit rater warns; defaults, while rare, could increase

By John Goff
Meredith Whitney was wrong — or was she?
NEWS RETIREMENT PLANNING DEC 08, 2011
Meredith Whitney was wrong — or was she?

Timing is everything, and the high-profile analyst blew hers with that celebrated muni meltdown prediction for 2011; she still may end up being right, though

By Evan Cooper
Munis shine as Whitney's bombshell turns out to be a dud
NEWS RETIREMENT PLANNING DEC 08, 2011
Munis shine as Whitney's bombshell turns out to be a dud

Dire prediction by high-profile analyst fails to pan out; tax-exempt debt sees 10.5% gain this year

By John Goff
CDs returning 24%? Goldman to offer equity-linked accounts, source says
NEWS INDUSTRY NEWS DEC 08, 2011
CDs returning 24%? Goldman to offer equity-linked accounts, source says

Structured certificates of deposit offers exposure to market upside -- and downside; FDIC insured

By John Goff
Pujols skips big tax savings in Miami by going West
NEWS RETIREMENT PLANNING DEC 08, 2011
Pujols skips big tax savings in Miami by going West

Albert Pujols may have made a smart decision signing with the L.A. Angels instead of the Florida Marlins or sticking with the St. Louis Cardinals. His tax attorney may have a different view on the subject, however.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING DEC 08, 2011
The 10 most popular muni funds in 2011

By John Goff
NEWS RETIREMENT PLANNING DEC 08, 2011
No pall over munis

This was supposed to be the year the muni market went to hell in a handbasket. But with yields now matching -- and even surpassing comparable Treasuries -- tax-exempt bonds are suddenly very hot. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111208&amp;Category=FREE&amp;ArtNo=120809999&amp;Ref=PH&amp;Params=Itemnr=PH>The ten muni funds investors flocked to in 2011 &amp;raquo;</a>

By John Goff
Strategies to minimize taxes under Senate scrutiny
NEWS RIAS DEC 08, 2011
Strategies to minimize taxes under Senate scrutiny

Even with reforms, advisers could sally forth with new schemes

By Liz Skinner
American Airline's bankruptcy leaves muni bond investors holding the bag
NEWS RETIREMENT PLANNING DEC 08, 2011
American Airline's bankruptcy leaves muni bond investors holding the bag

Unsecured debt for company maintenance facility now trading at 16 cents on the dollar

By John Goff
Fiduciary standard an RIA's best friend
NEWS RIAS DEC 08, 2011
Fiduciary standard an RIA's best friend

Every time the debate over the fiduciary standard of client care hits the news, RIAs pick up a few more clients.

By Lavonne Kuykendall
NEWS RIAS DEC 08, 2011
SEC must forge ahead in fiduciary battle

The Obama administration, Congress and the SEC need to continue to press forward with their efforts to ensure that brokers are required to act in their clients' undivided best interests at all times

By MFXFeeder
NEWS RIAS DEC 08, 2011
Lack of facts could hurt fight for fiduciary standard

The lack of empirical evidence showing that brokers lead investors into bad investments because they want the commissions from those products is making it a challenge for supporters of a uniform fiduciary duty to convince lawmakers that there is a problem

By Liz Skinner
NEWS INDUSTRY NEWS DEC 08, 2011
SEC backs investors' claim Merrill rigged ARS market, lawyer says

Claims amicus brief filed by commission supports plaintiffs' argument brokerage propped up auctions; 'unchartered territory'

By John Goff
MSSB to pare workforce – but advisers not on the chopping block
NEWS INDUSTRY NEWS DEC 07, 2011
MSSB to pare workforce – but advisers not on the chopping block

Morgan Stanley is planning to lay off 2.6% of its workforce, but reps at MSSB are safe. An insider, however, says the brokerage 'won't entirely escape the belt-tightening.'

By Andrew Osterland
NEWS REGULATION AND LEGISLATION DEC 07, 2011
Neuberger analyst put on leave amid probe

Neuberger Berman Group has put research analyst Fayad Abbasi on paid leave as it looks into insider-trading

By Doug Cubberley
NEWS RIAS DEC 07, 2011
Hark: Beware of Harkin tax plan

Investors, beware of the financial transactions tax proposed by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore

By MFXFeeder
ING to shutter registered indexed annuity
NEWS LIFE INSURANCE AND ANNUITIES DEC 07, 2011
ING to shutter registered indexed annuity

ING Groep NV will close its registered indexed annuity to new sales Oct. 31 after a little more than a year.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES DEC 07, 2011
Critics fear government isn't promoting annuities enough

The government is hoping that its upcoming support for lifetime-income solutions such as annuities will encourage companies to add these options to their retirement plans for employees, but some worry that Uncle Sam isn't giving a big-enough push

By Liz Skinner
Supplies of natural gas bloated, but natural gas stocks still rising
NEWS INDUSTRY NEWS DEC 07, 2011
Supplies of natural gas bloated, but natural gas stocks still rising

Index up 6.3% this year, far outstripping S&amp;P 500; 'sweet spot'

By Jeff Benjamin