Wall Street’s recent round of layoffs could ripple through the rest of New York City, impacting jobs and tax revenue.
The Charles Schwab Foundation pledged $1.25 million to Texas Tech University and the University of California at Irvine.
The 401(k) arena now demands specialized advisers, said Phil Chiricotti, president of the Center for Due Diligence.
TD Bank Financial Group of Toronto will acquire Commerce Bancorp Inc. for $8.5 billion in an effort to expand its presence in the United States.
Companion bills renew a past congressional attempt to make it harder for taxpayers to avoid paying capital gains taxes on certain investments.
Corporate-owned life insurance would face new restrictions under a bill sitting in a House subcommittee.
Several measures that would put art and collectibles’ tax treatment on par with other investments are sitting in committee.
Securities regulators voted last month to adopt a temporary rule allowing brokers with non-discretionary advisory accounts to continue making principal trades.
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.
The Securities and Exchange Commission last month approved a FINRA rule governing the sale of deferred variable annuities.
The deadline is approaching for financial firms to comply with an SEC rule intended to curb market timing and abusive transactions in mutual funds.
Securities regulators are seeking additional input on their controversial proposal to change the minimum net-worth requirements of hedge fund investors.
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.
The SEC has issued a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges.
Securities regulators continue sorting through public input on proposed rules that address broker-dealer financial responsibilities.
Oral arguments are scheduled for Nov. 5 before the U.S. Supreme Court in a case that could affect 529 college savings plans.
Congressional hearings held last month addressed the contentious issue of taxes paid by managers of hedge funds and private equity funds.
A bill introduced in August would create a commission to study the hedge fund and private equity industries.
