With everything Washington politicians have to worry about this year — gigantic budget deficits, getting re-elected, the disintegration of Arab countries, getting re-elected, the rotten economy and getting re-elected — there's a good chance the fiduciary-standard issue may not be resolved for quite some time.
The bicameral, bipartisan 12-person supercommittee must consider changes both to taxes and entitlements to make fundamental changes in the deficit trajectory. But will members be willing to break with party orthodoxy?
Former registered sales assistant accused of misappropriating $750K from 22 clients in Palo Alto office
If Main Street blames Washington for debt rating and market decline, Congress could feel constituents' wrath
A Philadelphia registered investment adviser has agreed to return nearly $11 million for misappropriating funds from clients who were told their money would support socially conscious investments, while it really went to pay the adviser's debts and for other purposes, according to federal regulators
Foreign-policy guru says U.S. needs to invest in advanced manufacturing to create jobs; cheap overseas labor not going away
The Fed says it will begin swapping cheap short-term debt for cheap long-term debt, all in a bid to boost the flagging economy. Says one economist: 'It's a modest step.' But the Fed's admission of a potential long-term slowdown has caused <a href=http://www.investmentnews.com/article/20110922/FREE/110929977>a drop in stocks</a> around the world.<br> | <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110805&Category=FREE&ArtNo=805009999&Ref=PH>The latest odds on another recession</a>
Critics are not happy with S&P's historic lowering of the U.S. credit rating. They claim the decision is based more on politics than finances. And an alleged $2 trillion 'basic math error' in calculating the government's deficit has not exactly boosted confidence in the rating agency's decision.
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
Lincoln Trust and Great-West claim the Labor Department's disclosure rules don't go far enough when it comes to fixed general account fees for insurers.
Kenneth Marsh, who pleaded guilty in April to charges he misled investors into paying fees for phony investment advice, should be sentenced leniently in part because he consistently helped clients turn profits, his lawyer said.
A financial adviser for 13 years, Don Bates Jr. seems determined to find a place for himself in Congress
Broker-dealers have been engaging in sales practices for structured securities products that hurt retail investors, according to a Securities and Exchange Commission report.
Report from Rep. Spencer Bachus outlines the law's impact and says the law has not lived up to the expectations set last year by Treasury Secretary Geithner and congressional Democrats.
Barney Frank says lack of funding is impeding implementation
In the days prior to the collapse Friday of negotiations over raising the debt ceiling, the outlines of major tax reform that likely will be required in the long run to restore fiscal balance in Washington began to take shape
McCrudden faces ten years in prison for Internet threats against regulators; allegedly posted execution list on his company website
The year 2013 may snap a 12-year winning streak for wealthy Americans on taxes due on income, capital gains, dividends and money given to their heirs
