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UBS Securities has once again been penalized for its improper handling of short sales. This time, the fine from the SEC is for $8 million and follows a $12 millon fine imposed by FINRA less than two weeks ago.

Retail reaction to the announcement that Jefferson County, Ala., filed the largest municipal bankruptcy in U.S. history is likely to be muted, yet will still be closely monitored, portfolio managers say.

Fidelity Investments has introduced two new emerging markets funds, the Fidelity Total Emerging Markets Fund and the Fidelity Emerging Markets Discovery Fund. The first fund invests in equities and bonds, the second in small- and mid-cap stocks.

The Financial Planning Association this week elected Michael Branham as its new president-elect and added three new board members.

A new research study found that when people were shown age-progressed images of themselves depicting what they’d look like at 65, working-age adults were willing to allocate almost 33% more of their paychecks to their retirement accounts than those who didn't get a sneak peek at their future faces.

Fidelity Investments has introduced two new emerging markets funds, the Fidelity Total Emerging Markets Fund and the Fidelity Emerging Markets Discovery Fund. The first fund invests in equities and bonds, the second in small- and mid-cap stocks.

The Insured Retirement Institute said third-quarter annuity sales rose to $57 billion in the third quarter, up 5% from the year-ago period. Sales year-to-date were $175.4 billion, up from $163.1 billion in 2010.

Typically, it takes a storm to disengage the autopilot and force advisors into making positive changes in their life. But Steve Sanduski, the Prosperous Advisor, says it’s important for financial advisors to be proactive about improving their lives and their practice before it’s too late.

J.P. Morgan Asset Management is advocating a fundamentally different approach to defined contribution plans by stripping down offerings and complexities to a menu of just three choices: a diversified stock portfolio, a diversified bond portfolio and one offering diversified cash alternatives.

Ultra-high-net-worth individuals, defined as those with a net worth of more than $30 million, in North America will outpace UHNW individuals in Asia-Pacific through 2032, according to Wealth-X’s "World Ultra Wealth Report 2011."