Unsecured debt for company maintenance facility now trading at 16 cents on the dollar
Don't expect the SEC's fiduciary proposal this year. According to a Commission insider, ramped-up cost-benefit analysis is gumming up the works. Said the official: 'The time frame certainly has slipped.'
The lack of empirical evidence showing that brokers lead investors into bad investments because they want the commissions from those products is making it a challenge for supporters of a uniform fiduciary duty to convince lawmakers that there is a problem
Bipartisan support is growing in the U.S. Congress for new rules banning insider trading by lawmakers amid concerns about waning trust among the public.
New restrictions on insider-trading by U.S. lawmakers are needed to help lift waning public trust in Congress.
Neuberger Berman Group has put research analyst Fayad Abbasi on paid leave as it looks into insider-trading
The failure of the deficit reduction supercommittee last week all but guarantees that the gridlock over tax reform, including the Bush-era tax cuts, will continue beyond next year's presidential election
Like baseball fans whose team came up short, those hoping for an overhaul of the tax code by the congressional deficit-cutting supercommittee likely will have to wait until next year
Republican lawmakers coming over to the idea that Uncle Sam must raise more revenue to make real impact on deficit; Grover Norquist not thrilled
200 former employees will be hired to help with liquidation of bankrupt B-D; 'saddened'
Settlement with SEC a distant memory by the time investment adviser oversight issue is settled
Financial advisers are calling on insurers to enhance their suite of variable annuities, saying that clients are turned off by falling accrual rates on living benefits and insufficient investment choices
The recent fining of three advisory firms by the SEC is only the tip of the iceboard, according to an ex-Commission official. How tough will the crackdown be? Says the lawyer: 'The world is about to change for investment advisers.'
U.S. Senate Democrats are proposing to use a 3.25 percent surtax on income over $1 million to pay for extending and expanding a payroll tax cut, setting up a test vote as early as this week.
DOL's Borzi says agency looking at third-party payments; not backing off fiduciary update, either
A fervent outcry from a wide range of financial industry groups and bipartisan lawmakers helped persuade the Labor Department to withdraw a proposed rule to expand the definition of “fiduciary” for advisers to retirement plans
A fervent outcry from a wide range of financial industry groups and bipartisan lawmakers helped persuade the Labor Department to withdraw a proposed rule that would expand the definition of fiduciary for advisers to retirement plans.
Commission on a mission, goes after Chicago firm for allegedly 'grossly exaggerating' assets under management
