Practice

If the recession has any pluses at all, it’s that people now seem to be more mindful of how uncertain the market—and their future—really is.

Barclays Wealth study show that despite the recovery, high-net-worth individuals, especially in developed countries fear another dip.

Planning starts to replace panic in some investors’ crash-recovery strategies.

The Financial Industry Regulatory Authority has censured and fined Piper Jaffray & Co. $700,000 for failing to retain about 4.3 million e-mails over a six-year period and for not alerting FINRA that it was having problems with its e-mail retention and retrieval.

Stevens says bank-like regulations could hurt mutual funds.

The Financial Industry Regulatory Authority has censured and fined Piper ­Jaffray & Co. $700,000 for failing to retain about 4.3 million e-mails over a six-year period and for not alerting FINRA that it was having problems with its e-mail retention and retrieval.

As the two chambers of Congress begin to hammer out a single financial regulatory reform bill over the next several weeks, industry groups have mixed views about a provision in the Senate bill that would prohibit banks from engaging in proprietary trading but exclude municipal, Treasury and federal agency securities from the ban.

The financial regulatory reform bill recently approved by the Senate could be improved to address several key issues that could negatively impact mutual funds, said Paul Schott Stevens, president and CEO of the Investment Company Institute.

WASHINGTON — The recovery zone bond program would double in size to $50 billion and Build America Bonds could be used to do current refundings of existing BABs under a new tax and jobs bill released late Thursday evening by leaders of the House and Senate tax-writing committees.

Three in 10 workers entering the work force will become disabled before retiring, according to the Social Security Administration, impacting their ability to earn an income in the near-term and significantly affecting their retirement income.