And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.
Sen. Tim Johnson, D-S.D., is circulating legislative language that would delete a requirement that brokers acting as advisers be registered investment advisers.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., said today he will work with Sen. Bob Corker, R-Tenn., a member of the Banking Committee, to write a new draft of the financial-services reform legislation the committee has been considering.
President Barack Obama is going to the heart of Wall Street on the first anniversary of Lehman Brothers' collapse to outline changes needed to prevent a future crisis like the one that sent the global economy into a tailspin last year.
Turns out the King of Pop was also the King of Debt. Michael Jackson left his heirs an estimated $400M bill. What to do if you're Jackson's estate attorneys? Sign a recording deal, of course.
The Labor Dept. is readying a proposal that would force service providers to make more plan info available. Meanwhile, a House committee is said to be unveiling similar legislation this week
In a speech at the 2010 Investment Adviser Compliance Forum, Elisse Walter, a member of the Securities and Exchange Commission, expressed strong support for the extension of the fiduciary standard for financial professionals, calling it “critical to comprehensive investor protection.”
In four years, more than 4 million baby boomers annually will reach the normal retirement age for full Social Security benefits.
Charities are getting increasingly nervous that the repeal of the estate tax may mean fewer donations this year from wealthy investors who opt instead to leave their estates to their families.
The temporary suspension of the estate tax is not spurring high-net-worth Americans to take action on their estate plans.
The Senate Special Committee on Aging is considering proposing legislation that would require all managers of qualified default investment alternatives to act as fiduciaries under ERISA.
An unexpected visit by an ING Financial auditor uncovered a potential scam at Breard & Associates Wealth Management. Now, infomercial star Rhonda Breard is facing fraud charges.
Wall Street firms 'doing God's work?' Apparently not, as a religious group confronts banks over 'immorality' of swaps
Apparently, seniors set aren't big readers — at least when it comes to information about their investments.
President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration official said Friday.
It appears that Fabeetle.com has gone live. I've been awaiting more information on the site since <a href="//www.investmentnews.com/article/20090913/REG/309139956"" target="”_blank”" rel="noopener noreferrer">first writing about it</a> back in October.
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Sources say Sen. Dodd's financial reform bill places the hotly debated consumer protection agency -- designed to regulate bank products -- under the aegis of the bank-owned Federal Reserve.
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
A bill introduced last week in the California Legislature would require money manager placement agents to register as lobbyists and regulate their compensation.
