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Critics claim it will hurt securitizations, limit flow of credit
March 1 - Money Management Executive
Vice President Joe Biden unveiled the Middle Class Task Force's new report on the middle class Friday, in which he outlined plans to offer automatic Individual Retirement Accounts to most Americans, provided clarification for giving advice to plan participants, and offered a proposal to allow plans to provide guaranteed retirement income products.
February 26 - Money Management Executive
As if working for Bernard L. Madoff Investment Securities wasn’t stigma enough, benefits consulting firm Hooker and Holcombe is using 6% of the money in the bankrupt company’s 401(k) plan to cover the $100,000 cost of winding it down. Across the board, every account in the plan is being deducted by that percent.
February 26 -
If the U.S. mutual fund industry would like a clearer picture of what would happen to sales if fees—particularly up-front, sales load, 12b-1 or 401(k) fees—were disclosed, it need only take a look at the disastrous results in India.
February 26 -
The result of not having a uniform fiduciary standard for advisors across the board is the harm that investors will experience
February 26 -
The International Organization of Securities Commissions, of which the U.S. Securities and Exchange Commission and the U.K. Financial Services Authority are members, starting in September will ask hedge funds to provide high-level, bi-annual snapshots of: their stock and bond holdings, geographic and underlying currency exposure, leverage levels, sales and redemptions, investor classifications, primary marketing channels, recent performance, and operations and technology details, including turnover, clearing mechanisms and risk measures.
February 26 -
The Securities and Exchange Commission has charged one of Bernard Madoff's key operatives with falsifying accounting records to enable the multi-billion-dollar Ponzi scheme and illegally enrich himself, Madoff, and Madoffs family and employees.
February 26 -
A former Deloitte tax professional has agreed to pay approximately $144,000 to settle insider trading charges with the Securities and Exchange Commission.
February 26 -
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WASHINGTON The regulatory reform debate has now come full circle.
February 26
