Practice

The Municipal Securities Rulemaking Board plans to seek public comment on a series of new rules and interpretive guidance in the next four to six weeks, most of which stem from its new oversight of muni advisors

The Hartford has launched a new marketing campaign,” Two for Tomorrow,” advising Americans to take the 2% reduction in Social Security payroll taxes and use the money to boost their retirement savings.

A federal court has ordered the freezing of assets of a Stamford, Conn., investment adviser and hedge fund manager that has been charged with using $53 million from investors for his own benefit.

The Virginia Attorney General’s Office is considering whether or not to sue The Bank of New York Mellon for allegedly defrauding the state’s public pension fund by overscharging for foreign exchange transactions.

Baird has tapped three new professionals from the Gawelski Group to bring its Milwaukee wealth management group to 69 total.

While middle America struggles to save for retirement, one would expect wealthy people to be in far a better position to save.

So the results are in: The Securities and Exchange Commission announced last week, after six months of study, that brokers should be held to the same fiduciary standard as advisers because investors assume their brokers are acting in their best interests anyway.

First Republic Bank, a San Francisco private banking and wealth management firm, announced Monday it hired Lucas Newman and Michael Tinney as portfolio managers and managing directors for First Republic Private Wealth Management in Portland, Ore.

"We welcome the clarity that the January SEC Staff Report brings to the retail financial advice industry,” said Mark Casady, LPL’s chairman and CEO. “ In particular, we agree with the report's recommendation for a uniform fiduciary standard, as we believe this is right for investors, financial advisors and the industry.”

The White House's removal of Joseph Smith as a nominee to be the director of the Federal Housing Finance Agency does not bode well for an administration facing so many regulatory jobs to fill, observers said Friday.facing