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Municipal bond market starting to turn heads
In stark contrast to the gloom and doom that plagued the municipal bond market a year ago, muni…
Schwab apologizes to RIA clients for marketing letter gaffe
Bernie Clark, head of Schwab Advisor Services, apologized last week to the firm's RIA clients, expressing regret for a marketing piece sent to advisers' clients who sponsor Schwab-held retirement plans
ICI to SEC: What’s your say on pay-to-play?
With the Sept. 13 deadline on pay-to-play rules looming, mutual fund companies are in heated discussions with broker-dealers about getting access to customer information that they need to comply
401(k) balances at record level, Fidelity says
Average balances of 401(k) retirement plans reached the highest level since Fidelity Investments began tracking account values in 1998.
SEC expected to backtrack on muni rules
Industry observers think the Securities and Exchange Commission will have to backtrack on a proposal to increase the number of people regulated as municipal advisers
Muni-bond funds show signs of improvement
The worst may be over for municipal-bond funds
SEC taking steps to prevent another flash crash
Last Friday, the one-year anniversary of the flash crash, SEC Chairman Mary Schapiro told attendees at the Investment Company Institute's annual general-membership meeting that the commission is looking at further regulation of high-frequency traders and mandating standards for exchanges' automated systems to make sure that something similar doesn't happen again
Study: ETF investors make better clients
Mutual funds and exchange-traded funds might belong to the same general family of investments, but research increasingly suggests…
BondWorks rolled out to advisers
There were 316,812 buy trades placed in the retail-municipal-bond market last month, according to data from BondDesk Trading LLC
Regulators eyeing changes to money funds
Money market funds are front and center in Washington again, just 16 months after regulators tightened rules on the $2.7 trillion industry
Plans to tax munis won’t fly: BNY Mellon
Renewed proposals to eliminate the tax-exempt status of municipal bonds as a way to reduce the $1.5 trillion federal deficit are unlikely to succeed, according to a report by The Bank of New York Mellon Corp.
‘Dumb money’ getting creamed exiting muni mutual funds
John Hirsch, 57, has been buying municipal bonds during the past four months, taking advantage of falling prices as muni funds are forced to sell them to cover withdrawals
Pay-to-play ‘death penalty’ scaring the life out of advisers
New regulations aimed at ending the cozy relationship between government and those who advise the government on investment matters sound good on first blush. But as firms have discovered, the devil's in the details.
BNY Mellon: Plans to tax munis won’t fly
Renewed proposals to eliminate the tax-exempt status of municipal bonds as a way to reduce the $1.5 trillion…
Muni bond tool may provide dose of reality
Financial advisers have a new online tool to help show clients what effects rising interest rates will have on their municipal bond holdings
Plan is under way to boost disclosure for muni bonds
With criticism mounting about the lack of disclosure in the municipal bond market, the agency that oversees the sale of muni securities is working on initiatives designed to encourage broker-dealers and issuers to provide more information to investors
SEC pitches plan to prevent ‘breaking the buck’
To prevent another instance of a money market fund's “breaking the buck,” the Securities and Exchange Commission is discussing placing capital requirements on such funds
SEC video glitch shows how much cuts hurt
At first, Eileen Rominger, director of the SEC's Division of Investment Management, looked as if she were in a “Saturday Night Live” skit spoofing poorly dubbed Godzilla movies
BlackRock sees muni glass as half full
If municipal bond investors can stomach continued negative headlines — and some defaults over the next few months — they will find some compelling investment opportunities, BlackRock Inc. executives said last Thursday at a press gathering
Do mutual funds pose risk to U.S.? Debate rages on
The ICI and unions are going toe-to-toe over whether mutual funds pose any major systemic risks to the U.S. financial system -- and if the mutual fund industry needs extra oversight
