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Wednesday, April 7, 2010 as of 11:14 AM ET

Bernard Madoff

Bernard Madoff

Bernard Lawrence "Bernie" Madoff (; born April 29, 1938) is a former American businessman, stockbroker, investment advisor, and financier.

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How to Vet That Investment Adviser

The Securities and Exchange Commission is taking its own sweet time coming up with a rule that would make all investment advisers put their clients' interest first.

Almost a year and a half after saying it was going to pursue this so-called "fiduciary standard," the agency seems stuck. That's because it is trying to contort the standard in such a way that brokers who are paid commissions to sell products could fit under that definition.For many individual investors seeking guidance, that defies logic. How can an adviser put my needs first, if he is paid to sell only one shelf-full of products? And paid more to sell some than others?It's no wonder that the financial services industry remains among the least trusted the United States, according to an annual survey by public relations firm Edelman. Fewer than half of consumers said they trusted financial services firms, and more than half of them said they think financial companies need more government regulation.In the meantime, the finan...

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  1. Avis to Remove All Recalled Ford Focus Sedans

    FBN’s Lauren Simonetti on Avis removing all recalled Ford Focus sedans from its North American rental fleet.

  2. Madoff Trustee Can Try to Recover Money From Daughter-in-Law

    Criminal defense attorney Mercedes Colwin on whether Madoff Liquidation Trustee Irving Picard is going too far by trying to recover money from former in-laws.

  3. Trustee Unwinding Madoff Feeder Funds Sues 9 Firms For $65 Million

    The trustee winding down the feeder funds for Bernard Madoff's Ponzi scheme is suing a group of banks and investment firms for more than $65 million, saying those fi...

  4. Will the JOBS Act help investments?

    Mary Kissel discusses the need for businesses to have access to capital

  5. New 'Clawback' Suits Seek More Than $200 Million From Madoff Investors

    With the New York Mets situation out of the way, the trustee liquidating Bernard Madoff's investment firm continues to pursue his "clawbacks" against less-publicized...

  6. Mets Say MLB, B. Of A. Loans Repaid

    The New York Mets said Tuesday that the organization has repaid $65 million in loans owed to Major League Baseball and Bank of America Corp. . The club -- whose owne...

  7. Mets Owners Agree to $162M Settlement in Madoff Case

    John Thomas Financial CEO Tom Belesis on Mets owners’ decision to settle with the trustee for Madoff fraud victims.

  8. NY Mets Owners Settle For $162M with Madoff Trustee

    FBN's Ashley Webster breaks down details of the settlement between Bernie Madoff trustee Irving Picard and the New York Mets owners.

  9. Mets Owners Settle with Irving Picard

    FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.

  10. Mets Owners Settle with Picard for $162 Million

    FBN’s Ashley Webster breaks down the latest details surrounding the case of Irving Picard against the New York Mets.

  11. NY Mets Owners In $162 Mln Madoff Settlement

    The owners of the New York Mets baseball team on Monday reached a settlement with the trustee for the victims of fraudster Bernard Madoff . The agreement will see Fr...

  12. NY Mets Owners in $162M Madoff Settlement

    The owners of the New York Mets baseball team have agreed to pay $162 million to settle allegations that they turned a blind eye to Bernard Madoff’s massive Ponzi sc...

  1. Will Talk of Stricter Rules Impact the Banks?

    WSJ Opinion Page Deputy Editor Dan Henninger argues suggestions to make the Volcker Rule stronger when it doesn’t even exist will only hurt the economy.

  2. JP Morgan's Dimon Turns To Long-Time Aide As Mr. Fix-It

    J. P. Morgan Chase & Co.'s (JPM) James Dimon is turning to a long-time protege as his Mr. Fix-It.Michael Cavanagh, 46, currently head of the bank's Treasury & Securi...

  3. How to Ponzi-Proof Your Portfolio

    Wall Financial Group CEO Michael Wall on how to protect yourself from investing in a Ponzi scheme.

  4. Five Sayings From Mom That are as Good as Gold

    Mom's favorite phrases still hold truthWisdom, thy name is "Mother."Your mom's favorite phrases kept you safe ("Look both ways before you cross the street") and out ...

  5. Government Writes 80,000 Pages of Regulations Per Year

    Cliff Asness of AQR Capital Management on the pros and cons of government regulation.

  6. How to Recognize Investment Scams

    If an opportunity seems too good to be true - it probably is. This age-old maxim rings especially true when it comes to investment. Unscrupulous individuals operate ...

  7. How Bernie Madoff Saved the Mets

    Former Mets GM Steve Phillips and author Erin Arvedlund discuss how the Ponzi schemer impacted the baseball franchise.

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