Industry News

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NEWS BROKER DEALERS APR 22, 2012
Morgan Keegan ripped by DOL over kickbacks

By Darla Mercado
NEWS RIAS APR 22, 2012
Changing the nation's savings mindset

By MFXFeeder
NEWS FINTECH APR 20, 2012
Hey B-D, NASD Rule 3010 audit management got you down?

By Davis Janowski
NEWS BROKER DEALERS APR 20, 2012
Regions Financial repays $3.5B U.S. taxpayer bailout

Company sold $900 million of stock and its Morgan Keegan brokerage for about $1.2 billion to help repay the bailout

By Doug Cubberley
LPL affiliate scooped up more than 140 new advisers in 2011
NEWS BROKER DEALERS APR 20, 2012
LPL affiliate scooped up more than 140 new advisers in 2011

Independent Financial Partners aims to push recruitment this year — and add $30 million in GDC

By Darla Mercado
NEWS INDUSTRY NEWS APR 20, 2012
LPL gunning for hotshot reps

On the back of a strong recruiting year, B-D aims to recruit star brokers; payout per rep still trails rivals

By Bloomberg
NEWS RIAS APR 20, 2012
Schwab closes on optionsXpress

Deal valued at $1B; trading platform highly valued

By Dan Jamieson
NEWS INDUSTRY NEWS APR 20, 2012
TARP bill likely to be fraction of initial forecast

Solid returns on investments means taxpayers will be stuck for $70B -- not $700B; 'most useful federal program that has ever been despised by public'

By Bloomberg
LPL on a recruiting roll — but at a price
NEWS BROKER DEALERS APR 19, 2012
LPL on a recruiting roll — but at a price

Hiring expenses rose as indie B-D attracted 408 net new advisers in past year; 'elevating our expectation'

By Bruce Kelly
Historic Chapter 11 case could trigger wave of public-pension bankruptcies
NEWS RETIREMENT PLANNING APR 19, 2012
Historic Chapter 11 case could trigger wave of public-pension bankruptcies

Workers in Northern Mariana look to halt fund's filing for court protection; benefits could be slashed by more than half

By Darla Mercado
Behind the management shake-up at LPL
NEWS BROKER DEALERS APR 19, 2012
Behind the management shake-up at LPL

Mark Casady reveals reasons for recent changes at indie B-D

By Bruce Kelly
NEWS INDUSTRY NEWS APR 19, 2012
Why the markets have turned bearish on gold

By Adrian Day
NEWS MUTUAL FUNDS APR 19, 2012
Commodities funds under fire

By JKEPHART
Time to shift to stocks from bonds: Loomis Sayles' Fuss
NEWS EQUITIES APR 19, 2012
Time to shift to stocks from bonds: Loomis Sayles' Fuss

Legendary bond investor Dan Fuss says investors should swap market risk for company risk

By JKEPHART
Cheap natural gas has these stocks burning it up
NEWS INDUSTRY NEWS APR 19, 2012
Cheap natural gas has these stocks burning it up

Falling prices a boon to companies that convert engines to run off the cheaper fuel, says portfolio manager

By Jeff Benjamin
Citi willing to unload rest of Smith Barney stake: Analyst
NEWS WIREHOUSES APR 19, 2012
Citi willing to unload rest of Smith Barney stake: Analyst

Bank interested in selling remaining 35% share of brokerage to MSSB -- if the price is right

By John Goff
Hidden billionaires in plain sight emerge as stock markets rise
NEWS RIAS APR 19, 2012
Hidden billionaires in plain sight emerge as stock markets rise

An analysis of stakes held in publicly traded U.S. and Latin American companies uncovered eight billionaires who haven't appeared in any major international wealth rankings. Most of their 10-figure fortunes are derived from public holdings and dividend income.

By Doug Cubberley
NEWS OPINION APR 19, 2012
Tuning up implementation of modern portfolio theory

The problem isn't with MPT but with the way it has been implemented

By Scott A. MacKillop
'Soccer mom madam' case hooks MSSB broker
NEWS INDUSTRY NEWS APR 19, 2012
'Soccer mom madam' case hooks MSSB broker

Feds say David Walker was with Anna Gristina when accused prostitution ring leader was arresed; placed on leave

By John Goff
Oil price won't grease the skids for higher interest rates
NEWS INDUSTRY NEWS APR 19, 2012
Oil price won't grease the skids for higher interest rates

Fed unlikely to raise target rate due to cost of crude; wage and rent hikes might trigger action, though

By Andrew Osterland