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About nine months after it floated the idea, the Financial Industry Regulatory Authority has just asked the Securities and Exchange Commission to approve a rule change to establish a new registration category and qualification exam for certain operations personnel to be called operations professionals.
March 9 - Money Management Executive
HOLLYWOOD, Fla. -- When the most celebrated pilot in American aviation, Captain Chesley Sullenberger, was preparing to land the U.S. Airways jet he commanded in the Hudson River, there was no uncertainty in his mind. "I was sure he could do it,'' he told CBS News journalist Katie Couric in a post-landing interview on "60 Minutes."
March 9
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Fewer hedge funds opened their doors in the fourth quarter, according to HFR Hedge Fund Research.
March 8 -
In an effort to continue its national expansion, U.S. Trust, a unit of Bank of America, has hired 14 wealth management executives.
March 8 - Money Management Executive
SEI, an Oaks, Pa., based provider of investment processing, fund processing and investment management services, announced Tuesday its SEI Advisor Network added 406 new registered investment advisors last year as it increased assets under management to $31.1 billion.
March 8 -
The Financial Industry Regulatory Authority has fined Dallas-based financial services company Southwest Securities Inc. $500,000 for soliciting violations related to its municipal securities business.
March 8 -
HOLLYWOOD, Fla. -- Nothing that Federal Reserve Bank Chairman Ben Bernanke, Treasury Secretary Timothy Geithner or President Barack Obama can do will prevent the United States economy from coming apart, under the weight of public and private debt.
March 7 -
Variable annuity assets in the U.S. reached an all-time record of $1.5 trillion in 2010, with fourth-quarter sales rises 18% year-over-year to $37.6 billion, the Insured Retirement Institute announced Monday.
March 7 -
Concerns about rising oil prices and an end to the stock market rally once quantitative easing ends has caused 40% of hedge fund managers to be bearish on U.S. equities, up from 26% in January, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers. And only 26% are bullish, down from 37%.
March 7 - Money Management Executive
Putnam Investments is making information on the sweeping new tax laws available to advisers and their clients at its adviser website (www.putnam.com/advisor) and new wealth management center (www.putnam.com/wmc).
March 7
