A rule took effect Sept. 10 that clarifies the SEC’s ability to go after hedge fund advisers who make false or misleading statements to investors.
Companion bills renew a past congressional attempt to make it harder for taxpayers to avoid paying capital gains taxes on certain investments.
Several measures that would put art and collectibles’ tax treatment on par with other investments are sitting in committee.
The SEC and Federal Reserve last month approved rules that will allow banks to continue selling some securities products and services without registering as brokers.
Securities regulators continue sorting through public input on proposed rules that address broker-dealer financial responsibilities.
The deadline is approaching for financial firms to comply with an SEC rule intended to curb market timing and abusive transactions in mutual funds.
A bill introduced in August would create a commission to study the hedge fund and private equity industries.
Congressional hearings held last month addressed the contentious issue of taxes paid by managers of hedge funds and private equity funds.
The about-to-retire and the already retired have at least two things in common: Both want income they can’t outlive, and both want to leave behind a legacy. By employing philanthropic-planning techniques, a forward-thinking adviser can help clients of any age accomplish both goals — often very successfully.
