Reuters Money: Merrill Lynch fires brokers for promoting outside hedge fund: source

	Click to View in Browser 09/22/2014 Merrill Lynch fires brokers for promoting outside hedge fund: source NEW YORK (Reuters) - Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm. Should financial advisers reveal their own money issues? (The opinions expressed here are those of the author, a columnist for Reuters.) Wall Street regulator unveils proposals for dark pools, bond markets WASHINGTON (Reuters) - Wall Street's self-funded regulator unveiled a list of proposals on Friday to bolster rules governing alternative trading platforms like "dark pools," computerized high-speed trading, and price transparency in the corporate bond market. Bond funds worldwide post biggest weekly outflows of 2014: BofA NEW YORK (Reuters) - Investors worldwide pulled a net $3.8 billion out of bond funds in the week ended Sept. 17 on rising fears of an early rate hike from the Federal Reserve, data from a Bank of America Merrill Lynch Global Research report showed on Friday. Swiss begin bankruptcy proceedings against Espirito Santo private bank ZURICH (Reuters) - Switzerland's financial regulator, FINMA, said on Friday it had initiated bankruptcy proceedings against Banque Privee Espirito Santo SA (BPES), part of the Portuguese Espirito Santo family's troubled business empire. As women earn more, fund managers buy shares of U.S. daycare company NEW YORK (Reuters) - U.S. fund managers are finding a lot to like about finger-painting and naptime. Gluskin Sheff profit rises more than 150 percent Canadian asset manager Gluskin Sheff + Associates Inc said its quarterly profit more than doubled as assets under management rose 21.5 percent and performance fees increased. ETFs outpacing retail stock funds by wide margin: Lipper NEW YORK (Reuters) - Investors in U.S.-based funds added a net $6.7 billion into stock funds in the week ended Sept. 17, data from Thomson Reuters' Lipper service showed on Thursday. Schwab expands commission-free ETF platform, putting focus on cost CHICAGO (Reuters) - Charles Schwab Corp said on Thursday it added 65 exchange-traded funds to its commission-free trading platform, including a handful of alternative funds, citing demand from customers who want to invest in ETFs without paying online trade commissions. The low-vol anomaly, or doing well out of others' mistakes (Reuters) - Sometimes in life you really can get more for less, but usually only when someone else is a) acting foolishly, or b) taking advantage of a client. Related Video Alibaba soars but other techs falter; New Dow high Oracle CEO steps down; Alibaba IPO hits top Business News Wall St. dips at open after China policy comments Apple sells record 10 million new iPhones in first three days The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend