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Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

"Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, during an address at the Fund Forum USA’s Global Fund Distribution Summit.

BOSTON—Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

NEW YORK-- Stifel Financial Corp. Chairman, President and Chief Executive Ronald Kruszewski urged pessimistic members of the financial services industry to go back and read a 1979 BusinessWeek article titled “Death of Equities."

WASHINGTON -- Education Secretary Arne Duncan on Tuesday urged a special advisory council to dig deep as it crafts recommendations for improving Americans' financial literacy though education and training programs, arguing that personal finance should be integrated early into the curriculum as a core subject.

The proliferation of new regulations emanating from the Dodd-Frank Act, Basel III and Solvency II are collectively inducing an outpouring of technology spending from companies in the financial service sector, a new report finds.

BOSTON—“Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, addressing Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

The Dow Jones Industrial Average added 101.79 points to 12170.18 Tuesday. The Dow Jones U.S. Total Stock Market Index rose 150.95 points to 13242.81. Stocks were lifted after news that Italian Prime Minister Silvio Berlusconi said he would resign after a budget law is approved.

Education Secretary Arne Duncan urged a special advisory council to dig deep as it crafts recommendations for improving Americans' financial literacy though education and training programs, arguing that personal finance should be integrated early into the curriculum as a core subject.

Nasdaq OMX Group and a unit of Canada’s TMX Group said they are developing a family of capital markets indices based on U.S. Treasury instruments that will be rebalanced daily, instead of monthly.