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Money Magazine: When your broker goes bad

Maybe the bear market ended your early-retirement dreams. Or you found out that your parents' nest egg is nearly gone. Or you just didn't think you could lose that much, that quickly. You're angry. Especially if there was a "financial adviser" -- what everybody used to call a broker -- getting paid along the way.

Fortune: Bear Stearns: a fight over the corpse

The federal criminal trial of former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, which is set to begin in Brooklyn in September, has been expected to be a kind of template for coming Wall Street prosecutions. But the model case is already getting messy.

Fortune: The new sheriff

Bernie Madoff's talent for eluding capture may be weighing on her mind today, but Mary Schapiro's path in life was charted by an earlier money scandal: the Hunt brothers' audacious attempt to corner the world's silver market in the late '70s.

CNNMoney: Schapiro vows to rebuild SEC

Mary Schapiro, the president-elect's pick to head the Securities and Exchange Commission, vowed on Thursday to rebuild the battered agency if her nomination is approved.

SEC nominee to be grilled on Madoff

President-elect Barack Obama's choice to head the Securities and Exchange Commission is expected to face questions at her confirmation hearing Thursday about Bernard Madoff -- the alleged mastermind of the largest Ponzi scheme in history.

Money Magazine: Planner won't return calls?

Question: I'm a 57-year-old dummy that had a nice nest egg of $805,000. My brokerage firm assigned a certified financial planner (CFP) to me, who made some costly mistakes, but I stayed with him. This CFP left and the replacement adviser told me the CFP had done some unethical things. He then put me into other investments that went down and have penalties. Now, no one will return my calls. Does this sound like unethical behavior? What should I do?

Money Magazine: Reverse mortgages: Beware the come-ons

Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you're 62 or older without repaying it as long as you stay in your house.

Money Magazine: Is a financial planner trying to swindle my mom?

Question: My 63-year-old mother earns about $1,200 a month, has $90,000 in savings and, as a result of a recent refinancing, has a $90,000 30-year mortgage. In three years she will begin collecting an estimated $1,300 a month from Social Security. A financial adviser suggests she put $60,000 into a variable annuity that is guaranteed to double in value in 10 years. Is this a good idea? --David, Denver, Colorado

Money Magazine: Planner's promise too good to be true

Question: My financial planner has told me if he invests over $1 million for me in mutual funds, the fund companies will pay him a direct commission and I will not have to pay sales charges. Sounds like a good deal. Is my planner telling me the whole story?

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