Mercatus’ Peirce Said to Be Leading Candidate for SEC Seat
Hester Peirce, a fellow at George Mason University’s Mercatus Center, is the leading candidate to replace Commissioner Daniel Gallagher, sources say.
Senate Bill Targets ‘Earnings Stripping’ by Corporate Inverters
“This bill curtails the incentive for companies to use shady accounting gimmicks to avoid paying their U.S. tax obligations," says Sen. Schumer, one sponsor.
Senators Vow More Work on Housing After Voting to Wind Down Fannie, Freddie
Members of the Senate Banking Committee said they’d keep working to overhaul the housing finance system after casting a narrow vote to advance the bill.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.
Advisors Beware: Silicon Valley’s Jemstep Targets Underserved Mass Affluent
For a fraction of brokers' fees, Jemstep offers buy/sell trade ideas for an individual’s 401(k), IRA and brokerage accounts.
Roubini: Sequester Could Mean Another Downgrade
Perma-pessimist Nouriel Roubini says that despite efforts to downplay the effects of the coming automatic spending cuts, the impact will be significant.
Romney or Obama? LPL and FSI Polls Disagree
As the presidential race heats up with Mitt Romney’s choice of Paul Ryan as his running mate, polls from FSI and LPL have reached vastly different conclusions about who will win.
To Thwart SRO, Rep. Waters Introduces User Fee Bill
Maxine Waters, D-Calif., introduced on Wednesday a bill that would allow the SEC to collect user fees from advisors to fund their exams in lieu of an SRO.
Clinton, Other Speakers Headline Insite
Insite 2012, Pershing’s 14th-annual conference, attracted more than 2,000 attendees, many of whom are broker-dealer home office personnel and BD reps who work through Pershing’s clearing business and use its technology.
Bill Clinton Seeks Obama Win (But He Likes George Bush, Too)
"I thought he was awesome," said one Pershing colleague to another at the close of Clinton’s keynote address at the BNY Mellon company’s annual conference in Hollywood, Fla.