IRS, Treasury Continue Tax Inversion Crackdown
But only legislation “can decisively stop” inversions, Treasury Secretary Jack Lew says.
Schwab, Fidelity Halt Sales of RCS, AR Capital Products, Again
This news follows a recent decision by AR Capital to stop issuing new investment programs starting Jan. 1.
SEC Charges Woman With Ripping Off Immigrant Investors to Go on a Cruise
Lin Zhong of South Florida and her company used money invested by EB-5 immigrants to cover personal expenses, SEC says.
REITs Break Into World of Crowdfunding
Through an e-REIT, Fundrise plans to raise $50 million online to invest in commercial properties under new crowdfunding rules.
SEC Hits Sands Brothers With $1M Fine for Repeat Violation of Custody Rule
The firm paid a $60,000 fine for custody rule violations five years ago. There's “no place for recidivism in the securities markets,” the SEC says.
Activists Are Tough on Companies They Don't Own
Two researchers measured activism by looking not at firms targeted by activists, but at the competitors of those firms.
SEC Fiduciary Rule to Include ‘Deep Economic Analysis’: Chief White
The SEC’s uniform fiduciary proposal for brokers and advisors will include plenty of research on the rule’s impact on retail investors.
Are Brokers Really as Anti-DOL Fiduciary as Their BDs?
Brokers are the men and women on the front lines of where a DOL fiduciary rule would be played out. What's their perspective?
Rep Rallies Small Businesses Behind Alternative to DOL Fiduciary Rule
Rep. Peter Roskam, R-Ill., told a Chamber of Commerce gathering that the DOL intends to “get the private sector out of the retirement space.”
RCS Capital Profits Plunge in Q3; Cetera's Roth Named CEO
Equity raised by the wholesale unit in the quarter was less than half what it was a year ago, the troubled firm reported.