Puerto Rico Loophole Utilized by UBS Targeted by House Lawmaker
Congressman plans to introduced bill to eliminate the island's exemption from the Investment Company Act of 1940.
New Hire Roundup: Killgoar to Head Strategy, Consulting at Raymond James' FID
Meanwhile, Wilmington Trust has named Fredrik Berg vice president of sales for its global capital markets team in Europe.
Former IAA President and CEO Tittsworth to Join Ropes & Gray
Former longtime president and CEO of IAA will join Ropes & Gray LLP’s investment management practice in June.
House Passes Bill to Make Some Small-Biz Tax Breaks Permanent
Legislation would allow small businesses to deduct up to $500,000 in office equipment.
Senators Move to Make Internet Tax Ban Permanent
Without the Internet Tax Freedom Act, “access to information would no longer be tax-free,” says Sen. Ron Wyden, a co-author.
House Passes Legislation to Encourage Charitable Giving
The America Gives More Act would make three expired "tax extenders" permanent and has two other provisions.
SEC: House Insider Probe Involves Dozens of Funds, Firms
The SEC investigation of the House Ways and Means Committee involves some of the biggest advisors and hedge fund firms in the U.S.
The Price of Everything: What’s the Value of Sound Advice?
The SEC Regulatory Accountability Act is yet another attempt by the securities industry to shift attention away from the consumer protections of requiring brokers to put the interests of their clients ahead of their own, by focusing solely on the “costs” of doing so.
SIFMA Names Former Sen. Gregg as CEO
SIFMA announced Monday that former Sen. Judd Gregg has been appointed CEO and that Ken Bentsen, acting president and CEO, is now president.
SIFMA Elects New Officers to Municipal Securities Division
Stratford Shields of Morgan Stanley & Co. will serve as division chair, and Frank Fairman of Piper Jaffray & Co. and David Stephens of Bank of America Merrill Lynch & Co. will serve as vice chairs.