SEC and the Fiduciary Study, Part II: Politics and the Fiduciary Standard
How financial services reform took a circuitous route that resulted in the compromise reform legislation known as Dodd Frank and the Jan. 22 SEC report to Congress.
Now That Omnibus Spending Bill Shelved, What Happens Next?
“Since the Senate biggy was defeated [omnibus spending bill], I don’t think it will do a whole lot [on budget resolution] before recess,” says former Congressman Bill Frenzel (R-Minn.), now a guest scholar of economic studies at the Brookings Institution.
Investment Managers Upbeat for 2011
Both managers and financial advisors are optimistic, Russell surveys find, but clients aren’t.
House Votes to Criticize China Over Yuan Policy
Escalating tensions between the two countries over trade policy, the U.S. House of Representatives voted on Wednesday "to address China's fundamental undervaluation of its currency."
Fed Official Says 'Too Big to Fail' Threatens Community Banks
Thomas Hoenig, president of the Kansas City Federal Reserve Bank, that the long-term health of community banks is being strangled by the market's, and the government's, policy of "too big to fail" toward big banks.
House Passes Obama Healthcare Reform Bill
Legislation goes to White House for President's signature
B/D News & Products
The U.S. House of Representatives approved legislation in early April that would tie pay to performance at companies that have received direct capital investments under...
Vanguard Study Finds Plans Beneficial
Recent volatility in the equity markets has caused fear among some politicians and other observers that 401(k) investors may be too aggressively invested. On the...
Credit Crunch Concerns
The Bush administration has asked that Congress permit it to buy billions of dollars in federal student loans, endorsing a provision in a bill passed...
House Dems Vote on AMT Bill
The U.S. House of Representatives today passed by a vote of 216-193 H.R. 3996, the Temporary Tax Relief Act of 2007, which would ensure that no additional...