The Obama administration, Congress and the SEC need to continue to press forward with their efforts to ensure that brokers are required to act in their clients' undivided best interests at all times
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
Claims amicus brief filed by commission supports plaintiffs' argument brokerage propped up auctions; 'unchartered territory'
Morgan Stanley is planning to lay off 2.6% of its workforce, but reps at MSSB are safe. An insider, however, says the brokerage 'won't entirely escape the belt-tightening.'
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
Investors, beware of the financial transactions tax proposed by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore
ING Groep NV will close its registered indexed annuity to new sales Oct. 31 after a little more than a year.
The government is hoping that its upcoming support for lifetime-income solutions such as annuities will encourage companies to add these options to their retirement plans for employees, but some worry that Uncle Sam isn't giving a big-enough push
Index up 6.3% this year, far outstripping S&P 500; 'sweet spot'
Gains in performance -- and cuts in manufacturing costs -- have dramatically lowered the cost of solar energy. In fact, experts say the sun will rival coal as a cheap power source within two years. Says one expert: 'We're very close to grid parity.' Advisers, take note.
But alternative-energy shares getting a boost from renewed fears about atomic energy.
History is on the side of a Santa Claus rally by the stock market at the end of the year, but the bigger issue is what it means for stocks next year if that year-end rally doesn't pan out.
Broker-dealers that sold billions of dollars in allegedly fraudulent private placements failed massively in their due-diligence responsibilities to investors.
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
President Barack Obama today signed into law a bill that would kill a withholding tax on government contractors even before it was levied for the first time.
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
