Social Security
The top Social Security news, strategies and planning insights advisors can use to best serve clients.
BofA Moves to Issue 400M Shares as Stock Weakens
By Janet LevauxBank of America said Thursday that it might issue 400 million new shares and disclosed plans to exchange preferred securities for a total of $6 billion of common shares and debt, despite repeated statements by CEO Brian Moynihan that it would not issue new shares.
October 31, 2011
Word of MouthTestimonials are a marketing weapon, even for securities-licensed advisors. Learn how to use them to maximum effect while still playing within the rules.
October 31, 2011
Liquidation Proceeding for MF Global Undertaken by SIPCThe Securities Investor Protection Corporation, which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced today that it is initiating the liquidation of MF Global Inc., under the Securities Investor Protection Act.
October 31, 2011
Liquidation Proceeding for MF Global Undertaken by SIPCThe Securities Investor Protection Corporation, which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced today that it is initiating the liquidation of MF Global Inc., under the Securities Investor Protection Act.
October 31, 2011
The Debt Fallout: How Social Security Went ‘Cash Negative’ Earlier Than Expected (Washington Post)Last year, as the recession raged on and unemployment rates held frighteningly steady, a struggling Social Security program went "cash negative" for the first time since the early 1980s.
October 31, 2011
The Debt Fallout: How Social Security Went ‘Cash Negative’ Earlier Than Expected (Washington Post)Last year, as the recession raged on and unemployment rates held frighteningly steady, a struggling Social Security program went "cash negative" for the first time since the early 1980s.
October 28, 2011
NAIC to Consider Initiative to Grow Financial Modeling SuiteNo determination has been made as of yet, but the NAIC no longer can rely on the rating agencies for structured security ratings, per Dodd- Frank, and suffers from a "lack of expertise to model these securities internally."