Washington

House passes tax extenders bill

House passes tax extenders bill

The House of Representatives passed a $622 billion tax package that extends many tax provisions set to expire, including some affecting real estate investment trusts.

December 17, 2015 | 03:25 pm
Fed raises interest rates

Fed raises interest rates

Members of the Federal Open Market Committee agreed Wednesday to increase the federal funds rate by 25 basis points.

December 16, 2015 | 01:51 pm
FOMC federal funds rate projections

FOMC federal funds rate projections

The Federal Reserve announced on Wednesday it had decided to raise rates for the first time since 2006, voting to move the federal funds rate target range to 0.25% to 0.50%.

December 16, 2015 | 03:42 pm
SEC charges Atlantic Asset Management with fraud

SEC charges Atlantic Asset Management with fraud

The Securities and Exchange Commission announced fraud charges Tuesday against investment advisory firm Atlantic Asset Management for allegedly investing institutional clients in $43 million of...

December 15, 2015 | 05:38 pm
BofA: Most managers expect at least 3 Fed rate increases in next 12 months

BofA: Most managers expect at least 3 Fed rate increases in next 12 months

A majority of global money managers expect the Federal Reserve to raise rates three or more times over the next year, said Bank of America Merrill Lynch's latest monthly fund manager survey.

December 15, 2015 | 03:54 pm
SEC expected to take big step in BP company stock lawsuit

SEC expected to take big step in BP company stock lawsuit

The Securities and Exchange Commission is poised to play an expanded role in ERISA litigation on how securities laws affect fiduciaries' management of company-stock funds in defined contribution plans.

December 14, 2015
Taxing teachers

Taxing teachers

There are many different investors that would be affected by Sen. Bernie Sanders' plan for a 0.5% tax on the value of every stock trade in America. But the irony is that collectively, teachers have...

December 14, 2015 | 02:56 pm
SEC administrative overhaul welcomed, but critics seek more

SEC administrative overhaul welcomed, but critics seek more

Critics of the Securities and Exchange Commission's handling of administrative proceedings are welcoming the agency's latest efforts to modernize the rules, but vow to push for more sweeping changes.

December 14, 2015

Treasury reopens comment period on union benefit-reduction proposal

The Treasury Department reopened the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.

December 14, 2015
SEC moves on further derivatives rules for mutual funds, ETFs

SEC moves on further derivatives rules for mutual funds, ETFs

The Securities and Exchange Commission announced Friday it will propose additional rules governing the use of derivatives by mutual funds, exchange-traded funds and other registered investment...

December 11, 2015 | 03:32 pm
PBGC: More than 530 plans transferred pension plan risk in 2009-2013

PBGC: More than 530 plans transferred pension plan risk in 2009-2013

More than 1 million defined benefit plan participants were affected by derisking activity between 2009 and 2013, said a PBGC study released Thursday.

December 10, 2015 | 04:01 pm
Treasury extends comment period on Central States benefit reduction proposal

Treasury extends comment period on Central States benefit reduction proposal

The Treasury Department reopened the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund.

December 09, 2015 | 03:59 pm
New mortality tables – again!

New mortality tables – again!

In October, the Society of Actuaries published an update to the mortality tables that were released in the fall of 2014. The update consists of a new mortality improvement projection scale (MP-2015). ...

December 09, 2015 | 12:01 am
House committee grills FSOC on transparency

House committee grills FSOC on transparency

Members of the Financial Stability Oversight Council came under scrutiny during a House Financial Services Committee hearing Tuesday.

December 08, 2015 | 03:10 pm
House members, UPS call for denial of Central States rescue plan

House members, UPS call for denial of Central States rescue plan

A benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., should be denied, 18 House of Representatives members told the Treasury...

December 08, 2015 | 01:51 pm