The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
The regulator said it would give temporary leeway to firms affected by the California wildfires.
In addition to advising services, the new tax would also apply to astrology reading, escort services and ski-lift tickets.
Americans have become even gloomier about the economy, but the reality may not be all that bad, says an economist.
The move would “hinder America’s ability to compete in the global economy,” said Treasury chief Henry Paulson.
Sales of new one-family homes rose 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August.
MBIA, the world’s largest bond insurer, reported third-quarter earnings with a net loss of $36.6 million, or 29 cents per share.
Despite strong growth, numbers are down slightly from Q2 as officials make effort to curb inflation.
Fidelity's VIP Contrafund Portfolio will be managed by a multi-manager group of seven managers.
The worse-than-expected third-quarter losses raise questions as to the fate of chief executive Stanley O’Neal.
