Bill seeks restrictions on COLI policies
Corporate-owned life insurance would face new restrictions under a bill that recently was introduced. Sponsored by Rep. Gene Green, D-Texas, HR 150 would prevent companies from taking out life insurance policies on employees, regardless of income, without telling them.
Push renewed for capital gains tax parity
A congressional effort is afoot to put art and collectibles on equal footing with other investments when it comes to capital gains.
Tax breaks sought for small-biz investors
Investors in certain small businesses could get a tax break under a bill introduced in January.
Measure aims to end income tax
A bill that would abolish the Internal Revenue Service and establish a national sales tax recently was introduced.
401Kids savings accounts sought
A congressional measure introduced this year would create savings accounts for children that could finance a college education, a house or retirement.
SEC invites input on NASDs proposed bylaw changes
The SEC is seeking comment on NASD’s proposed bylaw changes that would enable it to merge its regulatory functions with the NYSE's.
Regulators eye cash sweep practices
The SEC has proposed strengthening broker-dealers’ disclosure of their cash sweep policies.
Regulators sit on fund governance rule
The SEC has yet to disclose where it stands on the contentious issue of mutual fund governance.
Redemption fee compliance date approaching
Mutual funds have until April 16 to enter into shareholder information agreements with certain intermediaries.
Regulators weigh bank-exemption rule
The SEC is mulling whether to adopt proposed rules that would exempt banks from registering as brokers in certain situations.