The New York Stock Exchange has proposed barring Wall Street firms from casting corporate votes on behalf of clients who don’t make their preferences known.
The Securities and Exchange Commission has until May 14 to appeal a March 30 court ruling that struck down a controversial regulation exempting certain brokers from registering as advisers.
Securities regulators are planning this year to examine mutual funds’ use of 12b-1 fees.
The National Association of Insurance Commissioners has delayed a vote on its proposal to further limit the use of stranger-owned life insurance, according to published reports.
After expecting a decision from the U.S. Supreme Court in February, the college savings plan industry is still waiting to hear whether the high court will review a case that could affect 529 plans.
Activist hedge fund manager Phillip Goldstein still is waiting to hear whether the Securities and Exchange Commission will exempt his firm from portfolio disclosure rules. Mr. Goldstein, who won a legal battle over the agency’s hedge fund registration rule last year, argues that his stock holdings are essentially trade secrets.
For more details on any of the above bills, visit http://thomas.loc.gov…
The House has passed a bill that would let shareholders weigh in on executive compensation packages.
A bill that calls for many small businesses to automatically enroll their employees in IRAs was introduced last month.
A measure that would give tax incentives for investing in individual annuities recently was introduced.
