Industry News

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Ex-con builds cult following blogging about investments
NEWS INDUSTRY NEWS SEP 01, 2011
Ex-con builds cult following blogging about investments

Armstrong spent 11 years in jail for covering up losses at his firm; stash of gold all gone?

By John Goff
No room at the inn as storage shortage strikes gold trade
NEWS INDUSTRY NEWS SEP 01, 2011
No room at the inn as storage shortage strikes gold trade

Bullion vaults hit ceiling amid fevered demand; take it out of the ground, put it back in the ground

By John Goff
NEWS RIAS SEP 01, 2011
MDE platform that tamps down volatility now available to RIAs

Risk 3.0 Asset Management holds out the promise of predictable returns with limited volatility

By Jeff Benjamin
Gold at $2,200 by Xmas? Hedge fund hotshot says yes
NEWS INDUSTRY NEWS SEP 01, 2011
Gold at $2,200 by Xmas? Hedge fund hotshot says yes

Platinum and Brent crude will also see big gains, says Tony Hall; he's up 33% this year

By John Goff
Marc Faber to investors: 'Buy every month a little bit of gold'
NEWS INDUSTRY NEWS SEP 01, 2011
Marc Faber to investors: 'Buy every month a little bit of gold'

Precious metal at $1,900 and rising, but famed asset manager sees no sign of a bubble

By John Goff
Stock mutual funds having lousiest year since 1998
NEWS INDUSTRY NEWS SEP 01, 2011
Stock mutual funds having lousiest year since 1998

Only 13% of funds have beaten benchmarks so far; underperformance could lead to bigger risk-taking

By John Goff
Get shorting: Bets against S&P 500 hit nine-month high
NEWS INDUSTRY NEWS SEP 01, 2011
Get shorting: Bets against S&P 500 hit nine-month high

With investors still worried about the U.S. deficit and a possible recession, bets against large cap sticks hit a nine-month high.

By John Goff
NEWS INDUSTRY NEWS SEP 01, 2011
Volatility proves fertile for tactical strategists

By Dan Jamieson
NEWS BROKER DEALERS SEP 01, 2011
Workman Securities to shutter, 100 reps told to make a move

Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm.

By Bruce Kelly
Commonwealth, LPL could see fallout from Reg D deal they sold
NEWS ALTERNATIVES SEP 01, 2011
Commonwealth, LPL could see fallout from Reg D deal they sold

After avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors.

By Bruce Kelly
WFP Securities bites the dust
NEWS INDUSTRY NEWS SEP 01, 2011
WFP Securities bites the dust

WFP Secruties is the latest broker-dealer to fold under the weight of private-placement litigation. In this case, the San Diego-based firm is facing $14M in legal claims.

By Bruce Kelly
Plans to tax munis won't fly, says BNY Mellon
NEWS RIAS SEP 01, 2011
Plans to tax munis won't fly, says BNY Mellon

Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt

By John Goff
Wealthy buying McMansions on Uncle Sam's dime
NEWS RETIREMENT PLANNING AUG 31, 2011
Wealthy buying McMansions on Uncle Sam's dime

Taking advantage of loan guarantee program intended to help low-income families buy homes; debate now in Congress

By John Goff
Time for clients to refi? Mortgage rates hit lowest on record
NEWS RETIREMENT PLANNING AUG 31, 2011
Time for clients to refi? Mortgage rates hit lowest on record

Rate on average 30-year fixed loan falls to 4.12%; 'homebuyers are not responding'

By John Goff
Under-45 crowd way underinsured, survey finds
NEWS LIFE INSURANCE AND ANNUITIES AUG 31, 2011
Under-45 crowd way underinsured, survey finds

Competing priorities and procrastination put life insurance on the back burner; substantial selling opp for advisers

By Darla Mercado
NEWS INDUSTRY NEWS AUG 31, 2011
Battle for the middle

While the latest <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&amp;djoPage=summary&amp;djoProjStr=24034|24039&amp;issuedate=20110831&amp;sid=RIA>RIA ranking</a> from <i>InvestmentNews</i> shows little change in the top ten, several new firms cracked the list for the first time -- while some notable names fell down the table. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&amp;djoPage=summary&amp;djoProjStr=24036|24039&amp;issuedate=20110831&amp;sid=RIA>The up-and-comers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&amp;djoPage=summary&amp;djoProjStr=24029|24039&amp;issuedate=20110831&amp;sid=RIA>Fastest growing firms</a>

By John Goff
Stiglitz says probability of U.S. recession 'very high'
NEWS INDUSTRY NEWS AUG 31, 2011
Stiglitz says probability of U.S. recession 'very high'

Nobel-prize winning economist Joseph Stiglitz said the chances of the U.S. economy going back into recession are &#8220;very high,&#8221; as unemployment and austerity talk point to a double dip.

By Doug Cubberley
NEWS RIAS AUG 31, 2011
The U.S. debt iceberg still looms

Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy

By MFXFeeder
DOL delay on plan fee disclosure rules gives service providers some breathing room
NEWS RETIREMENT PLANNING AUG 31, 2011
DOL delay on plan fee disclosure rules gives service providers some breathing room

Effective date on reg is bumped back to April 1

By Darla Mercado
NEWS RETIREMENT PLANNING AUG 31, 2011
Court says third-party carriers to retirement plans can be sued

A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.

By Darla Mercado