The
But the debate will invariably be heated, he said. "This issue was a difficult one for the Commission when it was first considered, and those same battle scars and wounds may be reopened," Cox said. The SEC has twice voted 3-2 to pass the rule, first in June 2004 and again in June 2005.
Republican Commissioners Cynthia Glassman and Paul Atkins, who voted against the rule, are still with the SEC and are not likely to change their vote. It is not known how Cox will vote.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
