NEW YORK — A group of seven investment banks may get stuck with the tab for this year’s biggest leveraged buyout.
SAN JOSE, Calif. — A former employee who has cashed out of his 401(k) plan can still sue the plan’s administrator for mismanaging the plan’s assets, a federal appellate court has ruled in a decision that observers said significantly increases the number of participants who can file suit against their plan sponsors.
NEW YORK — With assets increasing, the Raymond James Bank is beginning to have an effect on the results of parent company Raymond James Financial Inc.
IRVINE, Calif. — State regulators are seeking reinforcements. In a speech this month at the annual meeting of the National Conference of State Legislatures, Joseph Borg, president of the North American Securities Administrators Association Inc., called for the NCSL to develop a more detailed policy statement opposing federal pre-emption of state securities laws.
After examining an aborted insider-trading investigation involving Pequot Capital Management Inc. and Morgan Stanley chief executive John Mack, Senate investigators have concluded that SEC enforcers are concerned about being undermined by their supervisors.
Charitable-remainder trusts have grown in popularity at universities that control the trusts using their own investing strategies, but financial advisers are often loath to hand over control to the schools, as the strategies are sometimes risky.
Independent-contractor broker-dealers and their registered representatives face pressure on all fronts, from recruiting and proper practice management to compliance and the best way to build up their businesses.
As ripples from the imploding subprime-mortgage market spread across the broader home lending industry, financial advisers might have to start helping clients reposition their mortgage and home equity exposure.
Proposed IRS regulations that affect trusts and estates would carry with them a host of ills — including more trust fees for beneficiaries, additional work for financial advisers and increased client exposure to the alternative minimum tax — advisers and industry experts say.
Washington tax talk these days seems focused on hedge funds, their investors and their managers.
