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Grail Advisors has registered two actively bond exchange-traded funds, the Grail McDonnell Intermediate Municipal Bond ETF and the Grail McDonnell Core Taxable Bond ETF.

Some politicians and commentators are calling for the resurrection of the Glass-Steagall Act, saying it was partially responsible for the 2008 financial crisis.

Some young investors have seen their portfolios double, even triple, since the market low on March 9.

Americans are redefining retirement, with 75% now saying they intend to work as long as they can, Bankrate found in a survey of 1,003 adults 18 or older.

While the average U.S. stock fund rose 16.6% the average international stock fund rose 17.4% in the third quarter, the two best-performing categories were Latin American funds (up 26%) and global real estate funds (up 23.2%), according to data from Morningstar.

U.S. Bancorp has acquired the fund administration and account division of Fiduciary Management. The unit has more than $8 billion in assets under administration, while the remaining investment management business of the company as $6 billion in assets under management.

Workers who had already been investing in their 401(k) for at least five years through 2008 saw their balances drop an average of 24% last year, compared with the S&P 500’s sharp 37% decline, the Investment Company Institute and the Employee Benefit Research Institute said.

Advisers are seeking new tools and products that will complement the strategies they now have in place for retirement income planning, instead of replacing them, according to new research from Cerulli Associates.

Edward Bernard, vice chairman of T. Rowe Price, is replacing John Murphy, chairman of Oppenheimer Funds, as chairman of the board of governors at the Investment Company Institute.

Three other fund companies have raised an additional $1.94 billion for the Public Private Investment Program: Blackrock, Wellington and AllianceBernstein.

Sallie Krawcheck, the recently installed head of wealth management at Bank of America/Merrill Lynch, said that the road ahead would not be easy for the few large brokerage firms left.

In an open letter to investors on its website, ProFunds says that investors “should fully understand how they work before investing.”

Bank of America plans to sell its long-term asset management business, Columbia Management, to Ameriprise Financial for as much as $1.2 billion in an all-cash deal.

Beery, Charles to Lead Distribution at Janus

Analysts Bullish on Asset Managers' Earnings, Margins for Third Quarter

NEW YORK - Regulatory officials are pondering significant changes to the way the U.S. oversees financial markets in the wake of last year's credit crisis and the failure to prevent Bernard Madoff's massive Ponzi scheme, but lawmakers will have to make some hard choices before any real changes can happen.

At the Securities and Exchange Commission's roundtable last week on how to regulate the multi-trillion-dollar securities lending industry to avoid a repeat of the billions of dollars lost in the credit crisis, the focus was on conservative investment of cash collateral and a clearinghouse to create transparency, reduce spreads and keep stock pricing efficient.

NEW YORK - Despite their sinister-sounding name, dark pools of liquidity can be very beneficial to average investors by offering mutual funds and large institutional investors an efficient way to make large trades without impacting the market.

The iShares MSCI Emerging Markets Eastern Europe Index Fund began trading on the NYSE Arca Friday.

A Massachusetts court ruled that the government did not impede the free speech rights of hedge fund Bulldog Investors manager Philip Goldstein by restricting his website only to qualified investors.