Top Portfolio Products: Samson Launches Currency Fund
Also, Arrow Investment Advisors partnered in the opening of the Northern Lights ETF Trust.
State Street Makes Case for ETFs in Obama’s Second Term
Targeted ETFs to consider in 2013 include REITs, munis and health care, says David Mazza, State Street’s head of ETF investment strategy.
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
Roubini: GOP’s Gold Standard Dream Would Cause Depression
It might be a relatively slow day for the markets, but the Twitterati—including Nouriel Roubini and PIMCO's Bill Gross—are abuzz.
BNY Mellon Profits Off 37% on Lawsuit Costs, but Pershing Is a Bright Spot
Bank of New York Mellon's Q2 earnings were down due to costs from an investor lawsuit, but the clearing services unit that includes Pershing Advisor Services helped slightly offset that profit loss.
As Morgan Stanley Loses Another Team, Is It ‘Under Siege?’
Troubles, including a downgrade by Moody's, continue for Morgan Stanley.
SEC, FINRA Enforcement Roundup
Broker-dealer Cadaret, Grant fined; alleged $60 million Ponzi scheme targeted; Morgan Stanley in hotseat.
HighTower’s Weissbluth, IA 25 Honoree, Touted on CNBC
Investment Advisor magazine’s IA 25 honoree, HighTower Advisors CEO Elliot Weissbluth, celebrated his selection on CNBC’s “Squawk on the Street” program.
Pain in Spain May Bring No Economic Gain: News Analysis
Bill Gross put Spain's failed bond auction in perspective: “Greece was a zit, Portugal is a boil, Spain is a tumor. You can’t fix a debt crisis with austerity and more debt.”
When the financial system faces a major bankruptcy, one that is large enough to threaten its health, it often makes sense to buy time. Regulators, central bankers, multilateral lenders and governments.