Friedman: ‘Twin Threats’ of Government Shutdown, Debt Default Could Roil Markets
A “volatile September” may be in store, Andy Friedman says, if Congress fails to deal with the looming debt limit crisis.
Same-Sex Marriages Now Recognized for Federal Tax Purposes
The IRS ruling applies regardless of whether a couple lives in a jurisdiction that recognizes same-sex marriage or in one that does not.
Fiduciary Stumbling Blocks Surface
Several potential stumbling blocks have surfaced in the past couple of months that could stymie—or outright derail—release of fiduciary rules by the SEC and DOL.
DOL Fiduciary Redraft Has ‘Left the Station’
The confirmation of Assistant Attorney General Tom Perez as the new secretary for the Department of Labor on Thursday will not hinder the DOL’s release of its fiduciary reproposal, which the department says will come in October.
Senator Aims to Strip DOL’s IRA Fiduciary Power
In yet another attempt by Congress to stymie the DOL's effort to release its fiduciary reproposal, Sen. Orrin Hatch, R-Utah, introduced legislation on Tuesday that would return oversight of IRAs to the Treasury Department.
Administration Delays Obamacare Employer Mandate
The new heath care law has come under fire in recent months for its confusing guidance and expected cost overruns.
Pershing Expands Offerings From BNY Mellon Parent to Advisors, BDs
Chairman Shea says his expanded responsibilities include “unlocking the value of all of BNY Mellon."
Which State’s Residents Are Smartest With Money?
A just-released study from the FINRA Foundation ranks the states on several measures of "financial capability," like paying off debt and saving for emergencies.
When Clients Outlive Their Longevity Insurance: QLACs
Favorable IRS treatment makes QLACs—deferred annuity products—more appealing, but their flip side is that the client may not live long enough to reap the longevity benefits. Treasury is proposing a solution.
AIG Back in the Mortgage Business
In a stark reversal of “no second acts in American lives,” AIG announced on Wednesday that it’s decided to rejoin the mortgage world.