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Now that the March 1 deadline for Congress and the White House to reach a deficit-reduction agreement has lapsed, federal agencies must now begin to absorb $85 billion in automatic spending cuts, but for financial advisors, it could be business as usual, at least for the time being.
March 1 -
William Galvin, Secretary of the Commonwealth of Massachusetts, last week called out Charles Schwab & Co. for recently changing up its customer arbitration agreements by striking its investors' ability to join class action lawsuits.
March 1 -
Should mutual funds be backing off on holdings in gun and armament makers?
March 1 -
When it comes to social media, most advisors concentrate on LinkedIn for network building and Twitter for following the conversations. Facebook was not a priority, but that may be about to change.
March 1
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When FINRA boss Richard Ketchum suggested the group was pulling back from its effort to regulate RIAs, advisors cheered -- but some observers worried the story isn't over. On Twitter, Investment Advisor Alliance said: 'Pressure is off for now. But what happens when Congress is once again more favorable to FINRA's goal?'
March 1
Financial Planning -
When it comes to policing the way brokerages and advisors market themselves, the Financial Industry Regulatory Authority has turned into RoboCop.
March 1 -
The battle over the estate of the Godfather of Soul started not long after James Brown died in 2006. Now, the South Carolina Supreme Court issued a landmark ruling that may finally lay the epic feud to rest, and could establish an interested precedent for your clients.
March 1 -
The largest purveyor of money market mutual funds in the United States this month told the Financial Stability Oversight Council that no further reform of such funds is necessary.
March 1 -
No additional congressional action is planned before the start of the cuts, to be split between defense and non-defense spending. The across-the-board reductions will total $1.2 trillion over nine years, with $85 billion set to take effect in the remaining seven months of this fiscal year.
March 1 -
Observers say it's unlikely Congress will be able to strike a deal to stop across-the-board budget cuts from going into effect, raising concerns for bankers and regulators alike.
March 1
