Kotlikoff: Investors at Risk of Wipeout, SIPC a Fraud
Economist Laurence Kotlikoff says all Americans should close their brokerage accounts immediately because of what he calls a massive insurance scam by the SIPC.
Barney Frank to Testify on Dodd-Frank’s Impact 4 Years On
Former Rep. Barney Frank will testify Wednesday before the House Financial Services Committee on his namesake Dodd-Frank Act’s impact.
House Bar on SEC Fiduciary Rule Likely DOA in Senate
It's “unlikely that the Senate will agree” to prohibit the SEC from making a uniform fiduciary rule, says IAA's David Tittsworth.
GOP Blocks SEC User Fees From Spending Bill
House Republicans rejected Rep. Maxine Waters’ attempt to amend an appropriations bill by adding her user-fees legislation to help boost advisor exams.
Texas Billionaire’s Odd Way of Saving Heirs Some Tax Dollars
It's not actually a good idea to lose $2.8 billion to save $1.1 billion in taxes.
‘New Round’ of Fiduciary Feedback May Be Needed: SEC Markets Chief
Development of a list of fiduciary rulemaking possibilities "is still in process,” SEC's Stephen Luparello said.
House Appropriations OKs Smaller SEC Budget Boost Despite Complaints
Committee votes to give the SEC a $50 million budget boost, not the $350 million requested by Obama.
Wealthy Clintons Use Trusts to Limit Pain of Estate Taxes
Bill and Hillary Clinton have long supported an estate tax to prevent the domination of inherited wealth. That doesn’t mean they want to pay it.
House Appropriations to Hold Wednesday Vote on SEC Budget
SEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.
Prudential, MetLife Gain After Senate Eases Dodd-Frank for Insurers
Prudential and MetLife rallied after the Senate approved a bill giving Federal Reserve regulators more flexibility in applying capital rules to the biggest life insurers.