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Former brokers at Merrill Lynch, Citigroup and Lehman Brothers Holdings Inc. won a reversal of their convictions for tipping day traders to confidential data on their internal "squawk boxes," after an appeals court said prosecutors withheld critical evidence.

Pioneer Investments is boosting its coverage of registered investment advisors with the addition of Brian Kilar as a wholesaler for the RIA channel.

There have been more advances in technology for independent advisors in the past decade than there were in the previous 30 years. And the speed of this change is accelerating even faster today, giving advisors more tools to provide even better service to an even larger group of clients.

The Bush-era tax cuts were extended by the House of Representatives, but advisors are not likely to see any clarity on the matter for some time.

The Retirement Income Industry Association has released the first of a series of surveys to find out what it takes to become a top retirement income advisors.

Members of Gen X and Y have less allegiance to their investment providers than previous generations, according to a new report.

Employees contributed an average of $1,660 to their accounts during the second quarter, while employers kicked in an average of $950.

The new group will offer the same types of services formerly provided by LIMRA's Kehrer-Limra subsidiary.

Allianz Life survey also finds many ignore the effects of inflation and taxes on their retirement income; company launches online retirement planning application.

High-net-worth investors are moving their money around on news from Europe more than uncertainties in the U.S.