The Perils of Nonqualified 'Top-Hat' Plans: Feinberg v. Rand McNally
These non-qualified deferred plans are a great way to attract and retain executives, but can also have a big downside, as a recent court case shows.
Health Care Law Gets Key Part Voided by U.S. Judge
President Barack Obama's historic health care overhaul hit its first major legal roadblock Monday, thrown into doubt by a federal judge's declaration that the heart of the sweeping legislation is unconstitutional.
Appeals Court Vacates SEC's Rule 151A on Indexed Annuities
A federal appeals court on Monday July 12, has sided with agents and others who want the Securities and Exchange Commission (SEC) to classify indexed annuities as insurance products rather than as securities.
SEC Proposes Two-Year Stay on Rule 151A
The Securities and Exchange Commission on December 8 agreed to a two-year delay of the effective date of Rule 151A, which would require that equity...
SEC Proposes Two-Year Stay on Rule 151A on Regulating Annuities as Securities
Circuit court expected to act on controversial rule soon
SEC Ordered to Reconsider Annuity Rule
Finding on July 21 that the SEC had "failed to properly consider the effect of the rule upon efficiency, competition and capital formation," the Court of Appeals for the District of Columbia told the SEC to reconsider Rule 151A.
EIAs: Your guess is as good as ours
Not exactly a trend (because we have no idea where it will end up). But we absolutely had to comment on the D.C. Court of...
U.S. court of appeals orders reconsideration of 151A
A U.S. court of appeals Tuesday ordered the Securities and Exchange Commission to reconsider its rule that treats most equity index annuities as securities. "We hold...
Mutual-fund fees cases could signal industry change
A federal court decision last week concerning mutual-fund fees could raise the stakes for investors and fund companies over standards of fairness. The Wall...
DEFINING BUSINESS EXPENSES
Many businesses have learned the hard way that just because they incur expenses for business reasons does not mean that those outlays automatically qualify as...