Practice

Chairman Mary Schapiro recently told the Business Roundtable that the regulator is looking at proxy firms and the OBO/NOBO (“non-objecting beneficial owners”) systems.

The Securities and Exchange Commission is preparing a concept release on proxy firms and their OBO/NOBO (“non-objecting beneficial owners”) systems, Chairman Mary Schapiro recently told the Business Roundtable. The SEC aims to revise the proxy access rule by 2011.

Morgan Stanley denied the widely circulated news report that it planned to cut 300 branches and 1,200 jobs. The company had confirmed previously that it had a round of 200 layoffs just before Memorial Day.

Let the game begin! With MSSB's move, can Merrill be far behind?

Upper quintile earners that are over 65 still derive 40% of their income from work, which means new assets for advisors to tap.

The goal is to strengthen national sales.

An IRS agent has been charged with soliciting and accepting a $9,700 bribe from two business owners in exchange for lowering the amount of taxes they owed.

Fiserv is trying to round out its wealth management software offerings with its acquisition of AdviceAmerica and said it might forge additional partnerships to become more competitive.

WASHINGTON — With lawmakers intent on sending a final regulatory reform bill to President Obama by July 4, much of the legwork is already happening behind the scenes on how to tackle a host of unresolved issues, including a proposed swaps ban, a stringent capital requirement, interchange fee regulation and a consumer protection agency.

The findings are a sign that advisers can be an important part of including children in the conversation around college savings and building a sound financial plan.