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Robust Demand For Some Credits

FINRA has launched FINRA Disciplinary Actions Online, a searchable system that will give the public access to disciplinary actions for firms and registered representatives. It also adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.

Information on the original cost basis of stocks purchased by investors can now be transferred automatically in roughly 97% of cases.

The average pay in 2010 for the chief executive of a Standard & Poor's 500 company was $11.4 million.

Sean Foley has been promoted at fund administrator Butterfield Fulcrum and wealth management reporting firm FORS Limited to chief financial officer and chief administration officer.

Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisers next month will embark on what amounts to defined contribution retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their DC expertise and differentiate themselves from other practitioners.

A perfect storm of eroding Social Security trust funds, high unemployment and a flood of Baby Boomers all hitting retirement age at the same time will put enormous strain on Social Security for the next two decades, forcing retirees and their advisers to come up with alternative retirement income plans and strategies to make ends meet.

Craig M. Lewis has been named chief economist and director of the Division of Risk, Strategy, and Financial Innovation at the Securities and Exchange Commission.

While a religious group was predicting the imminent Apocalypse last week, a set of financial services industry representatives were warning of the possible end to their own world.

Reputation, in recent years an albatross for the financial sector as a whole, is starting to look more like a point of differentiation.

Craig M. Lewis has been named chief economist and director of the Division of Risk, Strategy, and Financial Innovation at the Securities and Exchange Commission.

Ameriprise Financial announced in April that it would sell the unit.

The Conference Board Leading Economic Index for the U.S. ticked down by 0.3% in April to 114.0 (2004 = 100), following a 0.7% increase in March and a 0.9% increase in February.

Calamos International is now making its three-year-old Calamos Emerging Markets Fund available as a UCITS.

A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded $1.7 million to a Texas man and the estate of his deceased wife, after finding that a former independent contractor at Raymond James Financial Services improperly managed their portfolio using life insurance and variable annuities.

More workers are delaying retirement, according to The Conference Board.

The firm should have been more on the ball, from a supervisory standpoint, the claimants’ attorney said.

According to the 12th Annual survey from the Transamerica Center for Retirement Studies released on Tuesday, a substantial number of Americans are unprepared for retirement and many do not have a backup plan if they are forced into retirement earlier than planned.

Palmer Square Capital Management, a manager of hedge funds-of-funds and customized alternative investments, had launched its first open end mutual fund, the Palmer Square Absolute Return Fund.

The vast majority of American employees are still under financial strain, even when the study looked at the least vulnerable demographic groups—men, those between ages 55 and 64, and workers who earned between $150,000 and $199,999 a year.