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The operations chief for Bernard L. Madoff Investment Securities and his personal assistant are petitioning a New York court to be released from jail.

Assets held in exchange-traded funds reached $994.5 billion by the end of 2010, according to data compiled by the National Stock Exchange. That is up 27.1%, compared to a year earlier

Rarely is bankruptcy court a welcome detour, but more struggling banks may take it to overcome debtholders blocking their recapitalization efforts.

Policymakers' focus on capital may be creating a false sense of security, and it may be overshadowing other, equally important issues that are central to preventing the next crisis.

The independent securities regulator has put to rest an eight-year-old dispute, finding no violations in Citigroup’s advisor recruitment from Oppenheimer.

Assets held in exchange-traded funds reached $994.5 billion by the end of 2010, according to data compiled by the National Stock Exchange. That is up 27.1%, compared to a year earlier.

Morningstar announced its 2010 Fund Managers of the Year Wednesday. The awards are based not just on performance in 2010 by over the long term, as well as on fiduciary responsibility for investors’ capital.

Global X Funds on Wednesday launched the Global X Aluminum ETF, which it says it the first exchange-traded fund globally focused on aluminum. The fund tracks the Solactive Global Aluminum Index

U.S. REITs continued to significantly outperform the broader equity market in 2010, the National Association of Real Estate Investment Trusts said Wednesday. U.S. REITs rose 27.95% in 2010, compared to the S&P 500’s 15.06% gain.

Equity funds delivered 16.57% in 2010, with more than one-third of the gains, 6.43%, coming in during the last five weeks of the year, Lipper said.

Baby boomers are happy about everything – except for retirement, according to a new TD Waterhouse poll.

Mora, who is vice president and senior relationship manager on the trust side of Bank of the West’s wealth management operation in Newport Beach, Calif., will act as chairman of the board for one year.

Wells Fargo Insurance Services USA Inc. announced Wednesday it bought Prestige Professional Plans, a single office, employee benefits insurance brokerage firm located in Dayton, Ohio.

It is pretty accepted that our practices are best grown through referrals, and that beyond our clients it is important to cultivate centers of influence such as CPA’s and estate attorneys.

Putnam Investments has promoted Robert E. Alan to head of North American consultant relations and Keith E. Thomas to head of international consultant relations. The two will work with the consultants who advise institutional investors on investment strategy and the selection of managers.

The markets in 42 of the 48 countries included in the index posted positive returns last year.

The panel’s decision also sent a signal to broker-dealers that financial advisors should perform much more thorough due diligence on the soundness of companies issuing certain securities before allowing investors to participate in risky investments.

With expectations so low, plan sponsors are looking for assistance from retirement plan service providers.

The two exchange-traded funds will seek to match the performance of VIX futures indexes.

Legacy replacement, mobile applications and better use of analytics are among the issues confronting insurers.