SEC Examines Funds of Hedge Funds (Wall Street Journal) The top securities industry cops are gathering information on funds of funds, in a "sweep examination" by an anti-fraud unit.
Obama Taps Goolsbee As Top Economic Adviser (New York Times @ CNBC) The 41 year old left-of-center economist will head Obama's Council of Economic Advisers.
New Broker Standard Could Hurt IPO Sales (Reuters) Brokerages say that requiring financial advisers to be fiduciaries for clients would dampen appetite for IPOs.
Inside the New Secrets of Gordon Gekko's Wardrobe (Esquire) The costume designer from both movies talks about how the Gekko look has changed.
Manhattan Five-Alarm Fire Tears Through Restaurant, Coffee Shop(NY 1) Here's why everyone is running late today.