Find the latest industry news below.

  • Wall Street's Record Fines Over WhatsApp Were Years in the Making
    on August 16, 2022 at 10:33 pm

    The crackdown is now expected to result in about 10 financial firms paying fines totaling around $2 billion.      Related StoriesSEC Should Nix Fund-Names Rule: ICI's Pan - EnclosureIs a New Bull Market Underway? - Enclosure7 Key Medicare Implementation Dates in the New Climate and Health Law - Enclosure 

  • Biden Signs $437B Tax-Climate Bill
    on August 16, 2022 at 9:37 pm

    It injects $80 billion into the IRS and imposes a 15% minimum tax on large corporations and a 1% excise tax on stock buybacks.      Related StoriesSEC Should Nix Fund-Names Rule: ICI's Pan - EnclosureThe Next Steps for Medicare Drug Negotiations - Enclosure7 Key Medicare Implementation Dates in the New Climate and Health Law - Enclosure 

  • The Next Steps for Medicare Drug Negotiations
    on August 16, 2022 at 8:13 pm

    A policy specialist looks at the battles to come.      Related Stories15 Best Cities for Retirees: 2022 - Enclosure7 Senate Budget Package Highlights, for Retirement Advisors - EnclosureGlobe Life Releases COVID-19 Death Assumptions - Enclosure 

  • Is a New Bull Market Underway?
    on August 16, 2022 at 7:57 pm

    Two better-than-expected inflation reports and recent market gains have two LPL strategists guardedly optimistic.      Related StoriesBofA Says This Fed Move Would Shave 7% Off S&P 500 - Enclosure7 Key Medicare Implementation Dates in the New Climate and Health Law - EnclosureInvestors Still Bearish, But Hopes Edge Upward: BofA - Enclosure 

  • 7 Key Medicare Dates in the New Climate and Health Law
    on August 16, 2022 at 7:48 pm

    How well Medicare sticks to the schedule may show which provisions are really happening.      Related Stories7 Senate Budget Package Highlights, for Retirement Advisors - EnclosureBofA Says This Fed Move Would Shave 7% Off S&P 500 - EnclosureThe Social Security Benefits Talk - Enclosure 

  • Investors Still Bearish, But Hopes Edge Upward: BofA
    on August 16, 2022 at 7:31 pm

    Stagflation and recession remain serious concerns, but 88% expect lower inflation in the next year, the survey finds.      Related StoriesStocks Have Not Reached Bottom Yet: Bob Doll - EnclosureWhat Buffett's Berkshire Bought, Sold in Q2 - EnclosureBofA Says This Fed Move Would Shave 7% Off S&P 500 - Enclosure 

  • SEC Should Nix Fund-Names Rule: ICI's Pan
    on August 16, 2022 at 7:22 pm

    The rule would mean the SEC would second-guess how investment professionals choose investments, ICI says.      Related StoriesSEC Should Nix ESG Fund-Names Rule for Advisors: ICI's Pan - EnclosureSEC Charges 18 in Scheme Tied to Hacked Brokerage Accounts - EnclosureVanguard Launching Environmental Stock Fund - Enclosure 

  • What Buffett's Berkshire Bought, Sold in Q2
    on August 16, 2022 at 7:15 pm

    Buffett's firm made $3.8 billion in net stock purchases during the second quarter, down from $41 billion in the prior period.      Related StoriesMocked by Everyone, Stock Rally Sits at Cusp of Landmark - EnclosureMost Traders Predict a Recession This Year: Schwab - EnclosureDebate: The New 1% Tax on Corporate Stock Buybacks - Enclosure 

  • Debate: The New 1% Tax on Stock Buybacks
    on August 16, 2022 at 6:29 pm

    Two tax experts offer differing views regarding the likely effects of the stock buyback tax, which should be signed into law today.      Related Stories2 Ways the Inflation Reduction Act Hits the Wealthy - EnclosureDebate: Will the Inflation Reduction Act Cure What Ails Us? - EnclosureBofA Says This Fed Move Would Shave 7% Off S&P 500 - Enclosure 

  • SEC Charges 18 in Scheme Tied to Hacked Brokerage Accounts
    on August 16, 2022 at 6:11 pm

    Over 31 online retail brokerage accounts were hacked and improperly used to buy certain stocks and manipulate prices, trading volume.      Related StoriesRegulators Work to Keep Hot Annuity Products Fair - EnclosureEquitable Holdings Picks Global Atlantic to Reinsure $10B in Group Annuity Value - EnclosureVanguard Launching Environmental Stock Fund - Enclosure 

  • Equitable Holdings Picks Global Atlantic to Reinsure $10B in Group Annuity Value
    on August 16, 2022 at 6:09 pm

    The deal is a response to New York state's new variable annuity reserving requirements.      Related StoriesRegulators Work to Keep Hot Annuity Products Fair - EnclosureEverything You Need to Know About Annuity Investing in 2022 - EnclosureGroup Annuity Rates Edge Lower - Enclosure 

  • Why Balking at SEC Rules Will Not Make You a Target: SEC Roundup
    on August 16, 2022 at 4:59 pm

    Suzan Rose of the Alternative Investment Management Association explains why firms should not be reluctant to air their views on SEC proposals.      Related StoriesRegulators Work to Keep Hot Annuity Products Fair - EnclosureLawmaker Introduces Bill to Stop SEC's ESG Plan - EnclosureBarred Broker Sentenced to 5 Years in Prison Over $7M Ponzi Scheme - Enclosure 

  • Retirees' Big Savings From Inflation Reduction Act
    on August 16, 2022 at 5:59 am

    These key Medicare prescription drug changes over the next four years should significantly impact retirees' health care spending.      Related Stories15 Best Cities for Retirees: 2022 - Enclosure7 Top Trends in Retirement Planning Now - EnclosureWhat Voters Think of 12 Parts of the Inflation Reduction Act - Enclosure 

  • Vanguard Launching Environmental Stock Fund
    on August 16, 2022 at 5:49 am

    The fund should start trading in the fourth quarter with an expense ratio of 0.75% for Investor Shares and 0.60% for Admiral Shares.      Related StoriesGroup Annuity Rates Edge Lower - EnclosureCambridge Taps Three Execs for New Roles - EnclosureRegulators Work to Keep Hot Annuity Products Fair - Enclosure 

  • Group Annuity Rates Edge Lower
    on August 16, 2022 at 5:36 am

    The whales may have lessons for the guppies.      Related StoriesRegulators Work to Keep Hot Annuity Products Fair - Enclosure7 Top Trends in Retirement Planning Now - EnclosureEverything You Need to Know About Annuity Investing in 2022 - Enclosure