Results for "legislation"

Displaying 2,166 results

Sort: Date | Relevance

Author:

Stock bonanza at First Montauk

February 14, 2005

NEW YORK - First Montauk Financial Corp., in the middle of a merger with another broker-dealer holding company, last Wednesday issued a deluge of new shares to its new chief executive and his predecessor. William J. Kurinsky, the former CEO,...

Canada's PSA-like accounts a boon for advisers

February 14, 2005

OTTAWA - If its Canadian counterpart is any indication, President Bush's retirement savings plan, if adopted, could prove a real boon for investment advisers. Since the 1970s, Canadians have been able to invest a portion or all of their retirement...

New rules proposed for 529 savings plans

February 7, 2005

NEW YORK - Section 529 college savings plans are coming under more scrutiny. The Municipal Securities Rulemaking Board filed with the Securities and Exchange Commission last month a request to bring regulations regarding gifts and gratuities...

Insurers battle over fiduciary, dislosure regs

February 7, 2005

WASHINGTON - Insurance salesmen would legally become fiduciaries, and insurance brokers would have to disclose all quotes they receive, under proposals on which state insurance regulators may act in the next month. The proposals are being fiercely...

Compliance pros hot commodity as SEC regs fuel boom

February 7, 2005

NEW YORK - If you are a compliance professional, this is about as good as it gets. The limited supply of experienced compliance professionals for registered investment advisory firms and high demand for their services in the wake of new federal...

Planners support Bush plan

February 7, 2005

WASHINGTON - Financial planners support President Bush's Social Security private-account plan, but they are cautious as well. Responding to the President's State of the Union message last Wednesday night calling for the creation of Social Security...

FSI's goal: 20,000 reps in two years

February 7, 2005

ORLANDO, Fla. - The Financial Services Institute last week unveiled an ambitious plan to bring aboard as many as 20,000 registered representatives over the next two years. To some, the move puts the Atlanta-based trade group, an advocate for...

Some advisers tout unique flat-tax idea

January 31, 2005

WASHINGTON - As President Bush's newly appointed advisory panel on federal tax reform begins to consider how to revamp the tax system, several financial advisers have come to a surprising conclusion about one of the most pressing issues: the...

New arbitration claims recede, but $ record set

January 31, 2005

NEW YORK - For the first time since the market began to drop in 2000, new securities arbitration cases declined last year. After the stock market retreat following the burst of the technology stock bubble, both Wall Street and independent-contractor...

Un-American activity: Fees on rollovers to Class A shares

January 31, 2005

BOSTON - As a result of scrutiny from regulators, American Funds is taking a hard-line approach to IRA rollovers which will result in higher fees for some investors. Starting Feb. 1, the mutual fund arm of Capital Research and Management Co....

SIA taking aim at NYSE proposal on asset-based fee programs

January 31, 2005

WASHINGTON - A proposal by the New York Stock Exchange that brokers monitor their asset-based-fee programs could discourage them from offering such accounts. The Securities Industry Association filed comments late last year with the Securities...

Salve for Morningstar-crossed

January 24, 2005

BOSTON - The self-appointed sheriff of the mutual fund community has had its Morningstar tarnished, to the delight of some who dislike the firm's frontier justice. Now that Chicago-based Morningstar Inc. finds itself in hot water with regulators,...

Gone in 60 seconds:ETF holders lost $20M

January 24, 2005

NEW YORK - Several shareholders of the Nasdaq-100 Index Tracking Stock, commonly referred to as QQQ, lost more than $20 million in just a few seconds last month because of a pricing snafu at the Nasdaq Stock Market Inc., according to a recent...

NASD rule sets VA sales criteria

January 24, 2005

NEW YORK - The sale of variable annuities, long the bread and butter for some financial advisers, could become more difficult under a proposed NASD rule that would prohibit certain sales. NASD of Washington filed the rule proposal with the Securities...

Fund trading: From gray area to black mark

January 24, 2005

WASHINGTON - Securities lawyers, if asked by brokerage firm clients whether there was anything illegal about aggregating customer accounts or using different account names in order to avoid market-timing restrictions of mutual funds, would have...

Lights! Camera! Action!

January 24, 2005

DETROIT - Stay tuned for the concept of financial planning as family entertainment. Sarah Teslik, chief executive of the Certified Financial Planner Board of Standards Inc. in Denver, is spearheading an effort to position financial planning...

1983 opt-out counties a Social Security focus

January 17, 2005

WASHINGTON - The success of workers in three Texas counties at investing for retirement outside the Social Security system may affect the debate about privatizing part of Social Security. New calculations suggest that even the lowest-paid workers...

Congressional proponents to push DB(k) pension plan

January 17, 2005

CHICAGO - With a growing chorus in Congress calling for pension reform, proponents of a unique retirement savings concept called the DB(k) plan are hoping to build momentum for the initiative that may one day be another product option for financial...

New year invites fresh look at client financial plans

January 17, 2005

NEW YORK - Advisers are tuning up client financial plans as the new year gets under way, with re-balancing client investment portfolios to account for 2004's investment results as a priority. "Clients who want to maintain a certain asset allocation...

FPA considers planner oversight

January 17, 2005

DETROIT - The Financial Planning Association is forming a committee to determine whether the industry needs a self-regulatory organization. James Barnash, the newly installed FPA president, said the committee will revisit general findings from...

« Previous Page

1 ... 105 | 106 | 107 | 108 | 109