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Apr

06

Brokers Rally as Obama’s Retirement Rules Seen as Lenient

By Tony Seruga

Primerica, Ameriprise, LPL shares gain in New York trading
Rules are `not as onerous as feared,’ Barclays analysts say

Companies that manage money for retirement savers rallied after investor protections championed by President Barack Obama appeared weaker than expected.

Insurer Primerica Inc. and brokers including Ameriprise Financial Inc. and LPL Financial Holdings Inc. that recommend investments to 401(k) plans or IRAs gained Wednesday. LPL rose 5.7 percent to $24.59 at 1:45 p.m. in New York while Primerica climbed 8.8 percent to $46.67, the biggest gain for the insurer since 2010. Stifel Financial Corp. gained 5 percent to $29.57….

Brokers Rally as Obama’s Retirement Rules Seen as Lenient

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