Practice

Now that the economy is stabilizing and financial services firms are looking to add employees again, companies are taking the time to focus on diversifying their hiring practices.

State and local governments will save $12.3 billion on the $90 billion of Build America Bonds issued so far compared with traditional tax-exempt debt, the Treasury Department said in a recent report touting the success of the program.

Mutual fund investors often represent significant shareholder blocks in big Wall Street firms, but they take little interest in elections of board directors or other proxy matters.

As the population ages and the Baby Boomer generation enters retirement, incidents of financial elder abuse are growing more common — and accountants need to be more vigilant than ever in looking after their clients’ interests, according to Randy Werner, a CPA and loss prevention specialist at professional liability insurer CAMICO.

From its inception, a key pitch for legislation to rework the regulatory system has been that it will provide regulators with more tools to prevent another banking crisis. Yet the most highlighted provisions of both the House and Senate bills would give regulators authority they already have, and so far have largely ignored.

Collective investment trusts are growing in popularity among large companies seeking to provide employees with lower-cost retirement savings options, but some experts worry that these plans don't offer investors enough disclosure.

With the tax deadline approaching, investors are deciding whether to convert from a traditional IRA to a Roth IRA. But before they do, advisors have one more conversion strategy: the “charitable offset” strategy.

NEW YORK -- Designated market makers are disappointed the Securities and Exchange Commission didn't grant them an exception to the new rule banning short sales on plummeting stocks, but they are already anticipating lucrative trading opportunities just before a stock hits the rule's sweet spot.

The U.S. Supreme Court's recent rejection of the fund fee case Jones v. Harris Associates will make it easier for shareholders to sue mutual funds for excessive fees, but it won't make it easier for them to take an excessive fee case to trial, let alone win.

A new study estimates that only 16 % of small businesses in the United States are using social media sites to promote themselves.