Capital gains rules eyed
Companion bills renew a past congressional attempt to make it harder for taxpayers to avoid paying capital gains taxes on certain investments.
Bill seeks restrictions on COLI policies
Corporate-owned life insurance would face new restrictions under a bill sitting in a House subcommittee.
Capital-gains parity for art at a standstill
Several measures that would put art and collectibles’ tax treatment on par with other investments are sitting in committee.
Principal trades still OK
Securities regulators voted last month to adopt a temporary rule allowing brokers with non-discretionary advisory accounts to continue making principal trades.
Broker exception for banks gets nod
The SEC and Federal Reserve last month approved rules that will allow banks to continue selling some securities products and services without registering as brokers.
Deferred VA rule gets nod
The Securities and Exchange Commission last month approved a FINRA rule governing the sale of deferred variable annuities.
Deadline looms for redemption-fee rule
The deadline is approaching for financial firms to comply with an SEC rule intended to curb market timing and abusive transactions in mutual funds.
SEC seeks more input on hedge-fund minimums
Securities regulators are seeking additional input on their controversial proposal to change the minimum net-worth requirements of hedge fund investors.
Anti-fraud rule in effect
A rule took effect Sept. 10 that clarifies the SEC’s ability to go after hedge fund advisers who make false or misleading statements to investors.
SEC proposes easing accounting rules on foreign firms
The SEC has issued a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges.
B-D rules package still in pipeline
Securities regulators continue sorting through public input on proposed rules that address broker-dealer financial responsibilities.
Arguments scheduled in muni bond case
Oral arguments are scheduled for Nov. 5 before the U.S. Supreme Court in a case that could affect 529 college savings plans.
Congress delves into taxes on hedge funds, private equity
Congressional hearings held last month addressed the contentious issue of taxes paid by managers of hedge funds and private equity funds.
Bill mandates study of hedge funds, private equity
A bill introduced in August would create a commission to study the hedge fund and private equity industries.
Plan sponsors warm to automatic features as rule changes await
Automatic features are gaining momentum in the 401(k) arena, according to financial advisers.
Women climb ladder in the arts, finance, sports;willing to shift gears, work all night to pursue passion
Big names in banking Jean Afterman Ellen Alemany Debra Allee Sharon Allen Sonia Attkiss Lidia Bastianich Eleanor…
Letters
Custodian consolidation can be a positive Regarding the Aug. 27 article, “TD-E*Trade merger chatter continues unabated”: Like…
Using philanthropic-planning investment strategies
The about-to-retire and the already retired have at least two things in common: Both want income they can’t outlive, and both want to leave behind a legacy. By employing philanthropic-planning techniques, a forward-thinking adviser can help clients of any age accomplish both goals — often very successfully.
Specter of ‘death tax’ gives old tactic new life
Some financial advisers are relying on an old strategy called a grantor-retained annuity trust to help rich clients who want to pass their assets on to their children free of estate tax.
Cambridge’s founder passes baton
Chief executive Eric Schwartz is handing the title of president to chief operations officer Amy Webber.
