Legislation allowing defined-contribution-plan participants to convert plan assets to an in-plan Roth account may be passed into law as soon as the end of next month.
Although the U.S. economy seems to be recovering, albeit slowly, the Obama administration, members of Congress and many economists worry that small businesses aren't recovering as quickly as large ones.
Before calling a financial adviser recently, I checked out his website, as I always do to prepare for an interview.
Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years
Brokerage firms are howling over a far-reaching proposal that would give Finra substantially more power.
Fidelity Investments and Bank of America reported this week that conversions were way up over last year, while advisers at smaller outfits are also seeing an uptick in interest in Roth accounts
Although they have spent much of the year cutting costs, many advisory firms are planning to give raises to their employees next year.
The Obama administration has found a banker it can do business with: Bank of America Corp.'s Brian Moynihan.
Bloomberg's Susan Antilla offers her opinion on just how much (or little) progress women have made in the financial services industry over the last two decades
The following is an edited transcript of an InvestmentNews.com webcast held in New York on March 9.
The Wall Street giant wants a $1.4B tax refund from the bank it rescued. The regulator says TARP recipients aren't entitled to such refunds
A former broker for Morgan Stanley and Banc of America Securities LLC will plead guilty today to receiving kickbacks for his role in a stock-loan scheme that operated from March 2004 to December 2005, court records show.
U.S. Senator and Securities and Exchange Commission chairman defend plan for SEC self-budgeting
Morgan Keegan fallout? The securities regulator warns B-Ds that bonds in funds cannot be considered 'rated' unless a third-party actually does the rating
District court rules that the mutual fund's heavy bets on mortgage-backed securities required shareholder approval
Sean Payton, Drew Brees, Archie Manning were among those who paid for film tax credits from Louisiana Film Studios. Now, studio head Wayne Read is facing federal fraud charges
New Orleans Saints head coach Sean Payton and his wife have sued the team's former long snapper over a $144,000 investment tied to a now-defunct movie studio.
Kevin Houser played with the New Orleans Saints from 2000 to 2008. Now, his former teammate Jeremy Shockey — and others — claim the Securities America-affiliated rep ripped them off in an alleged tax scam.
Randy Abeles from RSM McGladrey takes all of advisers' tax questions this week.
