Industry News

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Hartford Financial CEO McGee refuses bonus after stock drop
NEWS LIFE INSURANCE AND ANNUITIES APR 30, 2012
Hartford Financial CEO McGee refuses bonus after stock drop

Despite being eligible for a $1.76 million incentive for 2011, Hartford's CEO Liam McGee declined it.

By Doug Cubberley
LPL starts dividend program with $2-per-share payment
NEWS BROKER DEALERS APR 30, 2012
LPL starts dividend program with $2-per-share payment

LPL's special dividend will be payable May 25 and will be followed by a regular quarterly dividend starting at 12 cents per share.

By Jeff Benjamin
Linflation? Point guard's rookie card skyrockets in value
NEWS INDUSTRY NEWS APR 30, 2012
Linflation? Point guard's rookie card skyrockets in value

Card sells for $22K just weeks after going for $1K; heck of a Linvestment

By John Goff
UBS goes after team that hitched up with Wells
NEWS INDUSTRY NEWS APR 30, 2012
UBS goes after team that hitched up with Wells

Company claims that the pair downloaded proprietary client info before exiting; computer scrubbing ahead?

By Andrew Osterland
Regions may raise $700M to repay TARP: Analysts
NEWS INDUSTRY NEWS APR 30, 2012
Regions may raise $700M to repay TARP: Analysts

Regions Financial Corp. may sell $700 million of shares to repay a government bailout, less than analysts predicted.

By Doug Cubberley
At Schwab, Tony Blair praises freedom to dissent, disses OWS
NEWS RETIREMENT PLANNING APR 30, 2012
At Schwab, Tony Blair praises freedom to dissent, disses OWS

Britain's former prime minister, Tony Blair, kicked off the Schwab Impact 2011 conference with a sober assessment of the challenges raised by the Arab Spring and expressed concern that short-term political considerations could thwart long-term solutions to problems facing the global economy.

By Andrew Osterland
LPL adviser Frank Congemi applauds Occupy Wall Street
NEWS BROKER DEALERS APR 30, 2012
LPL adviser Frank Congemi applauds Occupy Wall Street

A financial adviser has inserted himself into the tension between the Occupy Wall Street protesters and The Goldman Sachs Group Inc. over sponsorship of a fundraising dinner next month for a New York-based credit union that mainly serves the poor.

By Bruce Kelly
The Hartford to sell bank that qualified it for TARP money
NEWS LIFE INSURANCE AND ANNUITIES APR 30, 2012
The Hartford to sell bank that qualified it for TARP money

Insurer said it will sell Federal Trust after owning it for less than two years; carrier paid $10M for bank, received $3.4B in government bail-out funds

By Darla Mercado
NEWS REGULATION AND LEGISLATION APR 29, 2012
Sentences handed down in broker fraud case

Two men who engaged in an eight-year scheme that defrauded investors of $140 million are headed to prison.

By Doug Cubberley
NEWS RIAS APR 29, 2012
Advisers say iPad makes them more efficient

Advisers say that an increasing number of timesaving iPad apps are aiding their productivity

By Liz Skinner
NEWS RIAS APR 29, 2012
Show some moxie on client proxies

By MFXFeeder
NEWS RETIREMENT PLANNING APR 29, 2012
Bought for $881, this LTC policy pays out $1.7M

By Darla Mercado
NEWS RETIREMENT PLANNING APR 29, 2012
Hutcheson worked for giant pension fund

By Darla Mercado
NEWS INDUSTRY NEWS APR 29, 2012
Retiree launches investment blog to speak to his peers

By Lavonne Kuykendall
NEWS FINTECH APR 29, 2012
Promising investors a peek at prices

By LKUYKENDALL
NEWS RETIREMENT PLANNING APR 29, 2012
Cost analysis could end DOL proposal

By Mark Schoeff Jr.
NEWS RIAS APR 29, 2012
Top RIAs form anti-roll-up advocacy group

By Bruce Kelly
NEWS LIFE INSURANCE AND ANNUITIES APR 29, 2012
MetLife to pay $500M to settle death benefit probe

By Bloomberg
NEWS INDUSTRY NEWS APR 29, 2012
Opportunities in higher-yielding bonds

By Steven Huber
Brand space race threatens smaller RIAs
NEWS RIAS APR 27, 2012
Brand space race threatens smaller RIAs

Advent of large national firms will make it tough on minnows, says United Capital's boss

By LKUYKENDALL