A special congressional committee created by last week's debt ceiling legislation is unlikely to have the time or the political will to tackle any meaningful tax reforms
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Labor Department proposal would push back the effective date for retirement plan service providers to begin disclosing fees to Jan. 1, 2012
Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however
A new survey shows investment management firms are spending-much needed capital on beefing up compliance departments -- rather than projects that boost the top line.
Asset management companies say that greater regulatory burdens are inhibiting growth, although the heightened oversight also may be contributing to a boost in hiring, according to a survey released last week
Robert Stinson Jr., 56, pleaded guilty in federal court in Philadelphia to 26 charges, including wire fraud, mail fraud, money laundering and bank fraud.
Frustrated by ongoing funding challenges at the Securities and Exchange Commission, a consumer group has eased its opposition toward establishing a self-regulatory organization for investment adviser oversight.
Washington and New York will be joined by Oxford, Miss., as centers of the investment adviser universe if a group of students from the University of Mississippi law school succeeds in establishing a self-regulatory organization for advisers
SEC Chairman Mary Schapiro said that the agency will issue an initial rule this fall imposing a universal fiduciary duty for anyone providing retail investment advice.
It isn't too often that the financial services industry claims that its regulatory system isn't tough enough, but that is the conclusion that Great-West Retirement Services and Lincoln Trust Co. FSB have made
Opponents of expanding the fiduciary duty for investment advice have another weapon in their arsenal, following a court decision that chided the SEC for adopting an unrelated rule without conducting a proper cost benefit analysis
Investment advisers and brokers hoping to become certified financial planners, or those wanting to renew their certificates, now have to disclose details about customer complaints to the CFP Board of Standards — a change in procedure that will give the organization's enforcement arm more muscle
SEC decision should pave the way for stronger enforcement actions by CFP Board
Slam of Oracle's willingess to pay more taxes made a good sound byte -- but not much sense
Berkshire boss suddenly a lightning rod for criticism after stating wealthy should pay more; 'needs a day job'
The major lobbying group for large broker-dealers last week urged the SEC to develop a new fiduciary standard that could change from customer to customer and which would be spelled out at the start of an adviser-client relationship
The longest-running Ponzi scheme ever? Philip Barry, a money manager from Brooklyn, was sentenced to 20 years in prison for running a $45 million Ponzi scheme that defrauded hundreds of investors over three decades.
