Breaking down expenses into essential and discretionary needs is a start to arriving at "the number'
Finra is right to push a rule proposal that would force brokers to tell clients about big signing bonuses they receive when moving to a new firm.
If class actions are taken off the table, investors who have been victimized by brokers will be hurt. Perhaps just as importantly, a tool that helps keep the brokerage industry honest will no longer be in place.
This is the time for financial advisers to take an active role in helping clients navigate the confusion surrounding the state of the equities market.
Only in a courtroom will S&P's actions in rating mortgage-backed securities in the lead-up to the 2008 financial crisis be fully disclosed.
Her work as a prosecutor and later as a defense lawyer has given her insights into the strengths and weaknesses of the securities law and regulations that will inform her decisions.
