Baird grabs MSSB advisers, opens Winston-Salem branch A team of four financial advisers has left Morgan Stanley Smith Barney, where they advised on $267M in client assets, to join the private-wealth-management group at Robert W. Baird & Co., according to a company spokesperson. The group, which includes Jon Bolton, J

Wall Street Journal : With President Barack Obama bidding to overhaul the health-care system, tighten bank oversight and make industries pay for their greenhouse-gas emissions, some trade-association chiefs have decided to compromise with the party in power. Not Thomas Donohue. On many of Mr


 
 A Long Island, N.Y.-based John Hancock financial adviser will be arraigned today on charges that he stole more than $1 million from an elderly client. John Mondello, a former adviser at Lighthouse Financial Network of Westbury, a John Hancock Financial Services Inc. affiliate, allegedly tricked an 84-year-old woman into writing him personal checks and then pocketed the money, according to police reports.

What do Paris Hilton and Twitter have in common? Runner Up Answers: – The content stops at or before 140 characters. – You never feel fresh no matter how often you refresh

WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their accounts, even though some big banks have already curbed high-fee overdraft programs. Rep.

zero hedge : Even as Tim Geithner was boldly lying today on national TV, claiming that he abhors the concept of too big to fail, and condemns moral hazard, behind everybody’s back he, together with the entire Obama administration, was trying to pass a law that would shift TBTF from a temporary program into officially canonized law. This is a scandal that has gotten little recognition in most of the MSM: in essence it guarantees that the massive mega banks like Goldman Sachs, BofA, and JPM will take on so much disproportionate risk the next time around (and with a moral-hazard encouraging Federal Reserve as risk regulator virtually guarantees their implosion) that not only will they blow up spectacularly once again, but that their bailout next time around will surely force America, already strapped with trillions of new upcoming debt courtesy of stimulus after stimulus, into sovereign insolvency. Read the whole story: zero hedge

A confidential ethics committee report leaked to the Washington Post reveals that more than 30 members of the House are currently facing ethics investigations, including seven members of the House Appropriations defense subcommittee . The Post’s big scoop comes less than a week after the National Journal’s poll of lawmakers that shows both Democrat and GOP lawmakers are confident in the ethics oversight of their own party.