The National Association of Insurance Commissioners of Kansas City, Mo., yesterday adopted a new proposal to modernize state-based regulation of reinsurance.
The ARS had been bought by three of New York-based BNY Mellon’s funds prior to mid-February, when the market for these debt instruments dried up, according to Fund Action.
The SEC has designated the Municipal Securities Rulemaking Board’s electronic municipal market access system — or EMMA — as the sole repository in which issuers must file necessary disclosures.
The end of each year is a time of reflection and anticipation.
The stock market's near free fall since September could play right into a concentrated bond offering by Kessler Memorial Hospital.
The next Congress will scrutinize a Department of Labor proposal that permits advisers affiliated with an in-house money management unit to recommend whatever products they want, including mutual funds with high management fees, to 401(k) participants.
Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.
The outlook for traditional retail-brokerage firms has never been so uncertain.
A popular argument for using exchange traded funds is that investors receive more bang for their buck because ETFs are generally cheaper than mutual funds. In some cases, however, the bang is being muted because of the way ETF returns are reported.
With the stock market down more than 40% from the start of the year, the idea of portfolio re-balancing has taken on new meaning for many financial advisers and their clients.
