The Senate approved a bill that would prevent 19 million middle-class taxpayers from paying the AMT this year.
The rep claimed ex-colleagues spread lies about him, saying that he was headed toward a nervous breakdown.
Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.
Regulators have asked local banks and foreign banks’ Chinese subsidiaries to ensure that loans at year’s end do not exceed the total outstanding by Oct. 31.
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
A bill that would protect 21 million taxpayers from paying the AMT “will not become law,” said the congressman.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
Senior official says SEC has formed a working group to look into “rampant” insider trading among Street pros.
The regulator said it would give temporary leeway to firms affected by the California wildfires.
Here is a quick quiz that will test your qualifications to fill either of the two current openings on the Securities and Exchange Commission:
The Master-Liquidity Enhancement Conduit seeks to prevent an asset fire sale and to stimulate credit markets.
House Republicans have introduced a bill that would repeal the AMT with an optional “simplified tax.”
The private-equity tax hike will not go gentle into that good night, according to published reports.
Securities and Exchange Commission officials are drafting a document that defines suitability as it relates to the sale of securities. “The document is an extensive and comprehensive view of securities and case law in this area,” including some useful examples, Erik Sirri, director of market regulation, said at the SEC’s second annual Seniors Summit.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
This week, after a long battle with the SEC, former American Stock Exchange chairman and chief executive Salvatore F. Sodano consented to SEC findings that he failed to supervise the exchange's oversight of its order-handling and record-keeping rules from 1999 through June 2004.
As regulators and Congress scrutinize the proliferation of financial advisory designations aimed at bilking elderly investors, the organization that grants the certified financial planner credential is investigating whether its name is being improperly used by groups that promote bogus certifications.
Pension funds would be adversely affected if taxes on private-equity were raised, said witnesses.
Senate hearings on taxing-carried interest begin tomorrow, but reports predicting its impact are out now.
IRVINE, Calif. — Critics of the industry arbitration system want the Financial Industry Regulatory Authority to require that “public” arbitrators have no ties to the industry. In a rule awaiting approval at the Securities and Exchange Commission, New York- and Washington-based FINRA has proposed limiting to $50,000 a year the amount of revenue a public arbitrator could receive from brokerage firms for handling customer disputes.
