Banco Popular de Puerto Rico

Geography, occupation and family size will determine whether the bill helps or hurts.

The scheme ensnared about 8,400 investors, the regulator says.

The industry has resisted the SEC’s Consolidated Audit Trail surveillance system ― dubbed CAT ― in its current form based on cybersecurity concerns.

The aim of the so-called systematic internalizer is to lift some of the regulation’s most onerous reporting requirements from its trading partners.

Investing fees have fallen for the past few years and there may be no end in sight.

Some brokerage firms are concerned that the tax overhaul could spur their employee advisors to set up their own shops or switch firms to lower their tax bills.

Sponsors can bill the products however they’d like, but the bar to proving they work as advertised is high.

Financial planners report wide demand to learn how to exploit changes in the tax code.

Products that best fit clients would have to be offered before those that are most profitable to the sellers, the New York Department of Financial Services said.

“The discussions we’re having now are, ‘Call your municipality and try to establish what your liability is. Call your mortgage holder,’” an advisor said.