Broker Dealers
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Strategic Insight Says Bond, International Equity Fund Inflows Rise
By Marlene Y. SatterAs investors show their concern about domestic stocks, reflected in lower inflows to domestic equity funds, their demand for income is displayed in sharply higher inflows to bond funds in the first half of 2010.
July 16, 2010
FINRA to Expand BrokerCheck ServiceStarting in August, the FINRA will begin to implement changes to its free, online BrokerCheck service that will significantly expand the amount of publicly available information about current and former securities brokers.
July 16, 2010
BofA Profits Fall in Q2, but Merrill Boosts Advisor Headcount, Fees, and IncomeBank of America, the parent company of Merrill Lynch, reported profits of $3.1 billion, or $0.27 per share, on $29.2 billion of revenues in the second quarter of 2010, down from Q2 in 2009.
July 16, 2010
SIFMA Panel Discusses Fiduciary Duty for BrokersEmotions were running high at the final breakout session of the day at the SIFMA Regulatory Reform Summit in New York.
July 16, 2010
Schwab Improves RIA Assets on Flat Profits in Q2Charles Schwab said it had net income of $205 million, or $0.17 cents a share, for the second quarter of 2010, flat vs. the second quarter of 2009 but up from $6 million for the first quarter of 2010.
July 16, 2010
New 401(k) Fee and Conflict Disclosure Rule Issued by Labor Dept.The U.S. Department of Labor (DOL) issued an interim final rule on disclosure of fees and conflicts of interest affecting 401(k) and other retirement plans on Thursday, July 15.
July 16, 2010
Bank of America Profits Fall as Merrill Boosts Advisor Headcount, Fees & Income in Q2Merrill Lynch has 15,142 financial advisors vs. 15,005 in the previous quarter and 15,008 a year ago.
July 16, 2010
NAPFA Chair Bill Baldwin and Chair-Elect Susan John: The Weekend InterviewDuring a press tour in New York on Thursday, July 15, NAPFA's Susan John and Bill Baldwin met with Advisor Media Group associate editor Joyce Hanson for an intrerview.