A Tax Policy Center study has estimated that in 2015, Romney would need to eliminate $320 billion in tax breaks, or 30% of the total, to pay for his proposed 20% reduction in tax rates.
It's hard to suss out what happened with the rigging of Libor -- or estimate eventual monetary damages, if any, to U.S. banks being probed by regulators. But one attorney says the scandal may be the 'mother lode' of civil litigation. As for reputational damage to the banks' wirehouses? The sky's the limit.
Variable annuities aren't the great deal they used to be, what with insurers pulling back on generous benefits and offering to exchange onerous payouts for a bump up in account values. But now, an SEC official has fired off a warning shot about such practices
Will require that brokers perform reasonable due diligence to understand the nature of the recommended strategy or securities product and whether it's suitable
Election could be big loss for those with capital gains
Legislation that would establish one or more self-regulatory organizations for investment advisers has not crashed, but its trajectory is stalling. It's not clear when -- or if -- the House Financial Services Committee will vote on the bill.
