Bill seeks restrictions on COLI policies
Corporate-owned life insurance would face new restrictions under a bill sitting in a House subcommittee.
Tax break sought for collectibles
A congressional effort is afoot to put art and collectibles on equal footing with other investments when it comes to capital gains.
Invest in small biz, get a tax benefit
Investors in certain small businesses could get a tax break under a bill sitting in committee.
No income tax, just a sales tax
A Senate bill recently was introduced as a companion to HR 25, which would abolish the IRS and establish a national sales tax.
Measure proposes 401Kids accounts
A congressional measure sitting in committee would create savings accounts for children that could finance a college education, a house or retirement.
SEC delays comment deadline on rules package
Securities regulators have extended until June 18 the deadline for public input on proposed rules that address broker-dealer financial responsibilities.
Extension sought for B-D rule compliance
The Securities and Exchange Commission has asked a federal court to give brokerages until Oct. 1 to move clients out of fee-based brokerage accounts.
Biz entertainment targeted
Securities regulators are inviting comment on rules that would impose limits on business entertainment at brokerage firms.
SEC mulls bylaw changes sought by NASD
The SEC is considering NASD’s proposed bylaw changes that would enable NASD to merge its regulatory functions with the NYSE.
Labor Department seeks input on 401(k) fees
The Department of Labor is asking for input on how to better deliver information on administrative and investment fees to 401(k) plan participants.