Practice

Former President Bill Clinton stood alongside President Barack Obama at a news conference and endorsed Obama’s deal with congressional Republicans to extend the Bush-era tax cuts and unemployment benefits.

The new hires come from Morgan Stanley Smith Barney and Merrill Lynch

WASHINGTON — The Justice Department on Thursday filed a six-count indictment against three former UBS bankers — Peter Ghavami, Gary Heinz and Michael Welty — for participating in fraud schemes and conspiracies in connection with the bidding on contracts for municipal bonds from 2001 until 2006.

For younger employees the possibility of an enjoyable retirement is dwindling.

The Investment Company Institute and the Independent Directors Council have filed a friends-of-the-court brief in support of the lawsuit the Business Roundtable and the U.S. Chamber of Commerce have filed to vacate the new SEC proxy access rules as they apply to registered investment companies.

To avoid a repeat of 2008 when food and energy prices in Europe reached record highs, the European Commission is considering regulating the commodities markets.

A paradigm shift is occurring in how bank investment program executives see retirement planning, according to Scott Stathis, managing director of Kehrer LIMRA. Stathis discussed with me some of the key findings of his retirement roundtable back in October.

For younger employees the possibility of an enjoyable retirement is dwindling.

Thirty-one percent of employers say they will offer a Roth conversion option within their 401(k) by the end of next year, but few employees seem interested.

A few housekeeping tips before we ring in the New Year could help ensure investors are in shape for tax time and beyond.