Investment advisers could feel the impact of one so-called legislative "payfor" popular with congressional Democrats -- expanding payroll taxes on subchapter S corporations.
Plenty of early investors mde a lot of money off FaceBook's IPO. One of the biggest winners: U2's Bono, whose PE firm invested $90M in the company in 2009. The payback? $1.5 billion. | <a href=http://www.investmentnews.com/article/20120518/BLOG06/120519928>25 largest listed companies: Where Facebook ranks</a> &raquo;
Reverse mortgages and managed futures emerging as options for affluent clients; munis in the mix as well
OptionsXpress Holdings Inc. conducted a series of sham “reset” transactions designed to give the illusion that the firm had purchased securities to comply with obligations associated with short sales, the SEC said in a statement today.
But there are some backdoor plays that might make sense for clients
In a move that could have a serious impact on the advice business, Finra is considering giving private vendors access to the regulator's data on licensing and disciplinary actions.
Inspector General Kotz's zealous approach has apparently won him few friends inside the commission
Charges leveled by long-time employee at the Commission
Shevlin brought on board to help thwart money-market reform; has worked for three Dems in the House
Mistakes with retirement account taxes are common with IRS rules so complex
More flexibility with withdrawal rate needed; emerging-markets investments change assumptions
Fidelity Investments is the latest financial firm to fire a shot across the Securities and Exchange Commission's bow regarding money market funds.
American retirement security now ranks as a top concern of the White House, right up there with unemployment and the federal budget deficit. In a joint announcement Thursday, the Departments of Treasury and Labor unveiled two executive actions to expand the transparency of 401(k) fees and broaden the availability of retirement plan payout options to encourage the use of annuities to provide lifetime income.
