Regulators at the Securities and Exchange Commission issued a report to Congress on Tuesday that supports maintaining mark-to-market rules, rejecting a push from the banking industry to suspend the rules.Critics of the rules say the regulations mandate write-downs and don't reflect the true value of some assets, particularly mortgage-linked assets that could increase in value in time.The SEC said suspending the rules would weaken transparency and ultimately hurt investors and the capital markets.
-
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
4h ago -
Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.
6h ago -
The addition of Peter Laidlaw to Merrill's offices in San Francisco comes as firm executives aim to engage in "more aggressive recruiting."
8h ago -
A deal is more than just a top-line number and misalignment in culture and communications can cause conflict down the line.
April 8 -
RIA Soltis acquired accounting, tax and advisory firm GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning solutions.
April 8 -
SEC regulators instead take aim at their predecessors in the Biden Administration, saying the outsized fines were partly the result of a desire to "pursue media headlines and run up numbers."
April 8










