Practice

Bernie Madoff's legacy is still influencing the regulatory community.

As many single family offices remain concerned about their long-term sustainability, money is pouring into multi-family offices, according to the Family Wealth Alliance.

WASHINGTON—The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

The Newsweek correspondent said “Obama is trying to rally populist sentiment against Wall Street."

Sen. Scott Brown of Massachusetts says the proposed reforms would treat mutual funds like banking products.

The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

WASHINGTON — Republicans, as promised, banded together to block Senate debate on financial regulatory reform legislation Monday, picking up opposition from one Democrat, Sen. Ben Nelson of Nebraska.

As Treasury Secretary Timothy Geithner reached out to Republicans to get them on board with financial reforms, Sen. Scott Brown of Massachusetts, who won the seat vacated by former Sen. Edward Kennedy, vociferously defended the mutual fund industry.

The Hong Kong Securities and Futures Commission said Monday it is seeking court orders to issue a trading ban against New York-based Tiger Asia hedge fund over alleged insider trading and market manipulation.

Ladenburg is making to deal to expand its trust services for its advisors.