Mulvaney says the president's comment on the island's debt shouldn't be taken literally.
Advisers who are tempted by rising oil prices and production should remember the last time these funds started pumping mud.
Some funds have over 10% of their holdings in the island's municipal bonds, which were already suffering from poor economic conditions before the recent storms.
Hurricane damage to island may complicate settlement of claims on munis and closed-end funds.
Legislation would allow brokerages to produce fund reports not classified as sales offers.
More than half in survey expect a decline that will wipe out significant gains, but only 18% are taking steps to shield their portfolios.
$1.2 billion deal rounds out Invesco offerings and lets Guggenheim focus on mutual funds.
But American Funds proposes two rules to increase advisers' odds of choosing a winner.
It's getting more difficult to find bona fide collections of things like lunchboxes or Barbies, and the internet has taken the joy out of the chase.
Oriental Financial Services sold the island commonwealth's triple-tax-free bonds, then dismissed a client when it was sued over the risky securities.
Securities regulator says SII Investments failed to supervise agents over suitability.
Securities regulator says firm failed to supervise agents over suitability.
Policymakers signal one more rate hike this year, saying storms should have only a temporary impact on the economy.
Because they offer diversification, multisector bond funds might be a good bet.
The former wealth management executive's startup robo-adviser tailors portfolios to women's distinct career paths.
Move will create global sustainable investing firm managing $13.9 billion
Using institutional shares would have saved investors $1.1 million, agency says.
The president and Treasury secretary have expressed support for keeping tax breaks in place on municipal bonds.
Shares of LPL, Raymond James and Ameriprise are among those outperforming their benchmark, while Oppenheimer Holdings is down by double digits.
