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.
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.
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.
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.
NEW YORK — A group of seven investment banks may get stuck with the tab for this year’s biggest leveraged buyout.
Washington tax talk these days seems focused on hedge funds, their investors and their managers.
WASHINGTON — More financial advisers will specialize in becoming fiduciary advisers who work with 401(k) plans in coming years, according to a retirement executive who worked on a white paper on the issue.
NEW YORK — In the midst of stock market volatility, affluent investors are feeling nervous and are pressuring advisers to sell their stocks.
Sen. Schumer wanted to increase the carried interest tax for a variety of partnerships that use a “two-and-20” structure.
