Topic: Investment Services

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Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Five brokers' secrets you should know before trading online

Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying more than $1.8 billion every year on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
'Home Front Girl': 7 stories from a real WWII-era diary

Joan Wehlen Morrison's diary capturing life in Chicago before and during World War II offers insight into the era. Here are 7 of Morrison's stories from "Home Front Girl."
10 books to read after the election

Election season is finally almost over. Now it's time to actually tackle America's problems. Here are 10 books that offer context.
Five ways big banks' Libor scandal affects you

London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

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The Reformed Broker Success is a double-edged sword, even for hedge fund moguls

Ray Dalio, the manager of the world's biggest hedge fund firm, has achieved hedge-fund-mogul status. His success comes with certain trappings and pitfalls, Brown writes.
Good housing numbers lift stocks

Stocks rose Wednesday after the release of two encouraging housing reports. Stocks of homebuilders rose sharply while the gains for broader stock indexes were muted.
Prosecutor's arguement against former UBS trader begins Friday

A former trader for UBS will be tried in British court for fraud and false accounting. 'Unauthorized trading' and the culture of UBS are expected to come up in trial.
Briefing
Obama vs. Romney 101: 3 ways they differ on regulation

Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
The Reformed Broker A defense of the hedge fund industry. Really.

The hedge fund industry has its issues, but buying up Apple stock is not one of them.
The Reformed Broker Bloggers riff on similariites between the music, investment 'biz'

Musicians and investment professionals have a lot in common. But, our resident investment expert claims, to say the best investors, like the best musicians, made it to the top through luck is wrong. Try telling Led Zeppelin they were just lucky, and see what happens.
E*Trade fires CEO as customers flee stocks

E*Trade appoints chairman as interim CEO while it looks for a replacement. E*Trade shares have fallen 27 percent in the past year.
Insider trading scandal tarnishes Nomura. CEO resigns.

Insider trading investigation at Japan's biggest investment bank topples CEO. Nomura plans reforms to prevent insider trading after admitting that employees leaked information to clients.
Robert Reich Big bank engineer rejects big banks. Will Obama and Romney follow?

Sandy Weill, who was instrumental in Wall Street banks becoming "too big to fail," has come out in favor of breaking up the big banks. Will one of the presidential candidates take up Weill's proposal?
25 books set to be adapted into movies in 2013

Read these books before they hit the big screen!
The Reformed Broker Hedge fund manager: patient and confident enough to do nothing

Hedge fund manager Seth Klaman runs his practice to avoid the short term in favor of long-term performance.
Morgan Stanley earnings fall sharply

Morgan Stanley misses Wall Street expectations as revenue for its investment banking unit falls 37 percent. Morgan Stanley stock drops.
Happy Friday! JPMorgan launches stock market rally

Showing a vote of confidence in JPMorgan Chase Friday, relieved investors drove up bank stocks, ended a six-day losing streak for the market and sent the Dow Jones industrial average up 204 points, the best day this month, to close at 12,777.
Jamie Dimon: JPMorgan trading loss grew to $4.4B

Jamie Dimon, JPMorgan's CEO, said Friday that the bank's loss from a highly publicized trading blunder had grown to $4.4 billion, more than double the original estimate. Jamie Dimon faces further questioning from Wall Street analysts later Friday.
Slowing manufacturing numbers lead to mixed day on The Street

Stocks struggled during a quiet start to holiday-week trading following news that American manufacturing numbers seem to have slowed in June. The Dow average fell after the manufacturing report, finishing down 8 points at 12,871.
Peter Madoff, Bernie's brother, pleads guilty to fraud

Peter Madoff blamed his brother Bernard Madoff while pleading guilty to conspiracy and falsifying records. Peter Madoff agreed to serve 10 years in prison for his part in the largest known Ponzi scheme in history.
The Daily Reckoning Are ready for this? Time for round two of the Fed's stimulus plan

Markets soar when the Fed hints at more money, and crash when it hints that it will sit still. When you operate with an elastic currency, and expand credit 50 times in 50 years, Bill Bonner warns, don't be surprised when the market inevitably falls over.
Saab, bankrupt, has a buyer

Saab has inked a deal with an electric car-making consortium of Hong Kong and Japanese investors. The purchase of Saab would save the bankrupt Swedish brand from insolvency.
Retired NBA Finals MVPs: What are they doing now?

The Most Valuable Player in the NBA Finals is an award that's only been around since 1969. Find out what retired Finals MVPs are doing today.
The Reformed Broker If you live by the sword investors, remember you die by it, too

The impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."
The Reformed Broker Proceed with caution: State of the Exchange Traded Products

Our Reformed Broker ruminates on the future of Exchange Traded Products (ETPs), which he believes will, at a certain point in the coming decade, completely swamp the mutual fund and ultimately eliminate it from the market.
Facebook stock drops below $29 (+video)

Facebook stock falls 9.6 percent to close at $28.84. In its first seven days of trading, Facebook stock has lost nearly a quarter of its value.
The Reformed Broker SEC won't take action against Lehman Brothers

The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Facebook struggles as lawsuits loom

The stock climbed a dollar on Wednesday, but it is still 16 percent below its IPO price last Friday.