The U.S. Court of Appeals for the District of Columbia Circuit on Friday overturned the Securities and Exchange Commission’s broker-dealer exemption rule in a 2-1 decision.
Passive investing is gaining favor among wealth managers, according to bankers, vendors and industry consultants.
Congressional members on both sides of the aisle are looking at using the alternative minimum tax debate to lead the way to a plan for tax simplification.
The structured-products industry is taking its message directly to consumers with coordinated marketing and educational efforts designed to demystify the often-complex, intermediary-sold alternative investments.
A federal judge last week ordered NASD and the New York Stock Exchange to supply an initial batch of documents to a broker-dealer that sued to stop the proposed merger of the organizations’ regulatory units.
BOSTON — Fidelity Investments, the biggest U.S. mutual fund firm, plans to merge Fidelity Advisor Korea Fund and Fidelity Nordic Fund into two larger, more diversified funds in an effort to provide less volatile returns for fund shareholders.
NASD will put increasing emphasis on “principles based” regulation rather than “one size fits all” rulemaking, even as it concedes that such a move could confuse many in the brokerage industry.
LOS ANGELES — Securities and Exchange Commission Chairman Christopher Cox is on a mission to wipe out the legalese in corporate-disclosure documents.
In an effort to connect better with customers, financial services companies of all stripes are spending more on information technology, according to one analyst.
The profile of “green’’ investors has changed. They aren’t just mature demonstrators of the 1960s with extra cash in their accounts.
