AIG Fraud Trial: Tension Remains High as Greenberg Testifies for 3rd Day
Hank Greenberg faced questions on the stand again about how he dealt with warnings that AIG could face scrutiny after the Enron accounting scandal.
Morgan Stanley, Goldman Split on Where Treasuries Will End 2016
As Morgan Stanley calls for U.S. bond rally in Q4, Goldman joins Gundlach in view that U.S. 10-year yields should rise to 2%.
Ex-Broker Must Pay $600K for ‘Siphoning Money’ From Older Couple: FINRA
Jerome Krause fraudulently borrowed money from his clients when he was working for First Heartland Capital, FINRA said.
Boomers Are Biggest Investors in Surging ETF Market: Study
Investors are pouring huge amounts of capital into ETFs, attracted by their low cost and investment flexibility, and boomers are leading the charge.
Clinton, Trump Economic Advisors Spar in Debate
Obamacare “is a true catastrophe,” Trump advisor Moore said, while Clinton advisor Sperling argued the country’s problems stem “from the financial crisis.”
SEC Enforcement: Merrill Lynch Fined for Mini-Flash Crashes
Also, Weatherford International, an oil services company, was fined for sneaky accounting practices.
3 Trends Transforming Active Management: SSGA Report
“New data, tools and technology will give rise to a new species of active managers,” an SSGA report states.
Scottrade Said to Be Exploring Sale to TD Ameritrade
There is speculation that the discount broker, which works with about 1,000 RIAs, could be bought by TD Ameritrade.
Advisors’ Dilemma: Investor Expectations vs. Market Reality
Natixis study finds a quarter of advisors plan a big change within 3 years due to client expectations, regulatory pressure.
California Suspends ‘Business Relationships’ With Wells Fargo
California is the largest municipal-bond issuer in the U.S. and has $75 billion in investments.