Finra's efforts last week to open up its arbitration process have pleased — but not satisfied — critics who claim that the proposal doesn't go far enough to protect investors.
The longer Congress drags out setting an estate tax rate and exemption level, the less likely it is to impose a retroactive tax for 2010, according to an economist with a leading agricultural organization.
Laby says provision must be scrapped if SEC wants to mandate single standard of care: 'It's got to go'
Five leading financial regulators and a Treasury Department official told lawmakers today that their agencies are working together to implement the sweeping financial-regulatory-reform law.
Retail investors should be able to rely on the financial guidance they receive, regardless of whether it's from an investment adviser or a broker, according to the SEC official leading the agency's study of fiduciary duty.
Even if Republicans make gains in the elections, financial reform – including the push for a universal standard of care for advisers – will be hard to derail
Although it is still unclear whether the Securities and Exchange Commission will back a universal standard of care for brokers and investment advisers, one thing is certain: Investors want a single standard.
Bill marks first attempt to update law since 1986; would likely lead to fewer amended returns
In the two months since sweeping financial reform legislation became law, the measure has failed to win over the vast majority of investment advisers. Others say they're just plain confused by it.
