Be Cautious About "Stretch IRAs": NASD Regulation NASD Regulation, Inc., has issued an Investor Alert that cautions investors about "stretch IRAs," a new kind of account allowed by recent changes in IRS rules. They are often billed as "estate...
Yesterday the SEC turned down a request from the Investment Company Institute (ICI) to regulate folio products as mutual funds. Sponsors of folios--which are ready-made baskets of stocks individually owned by investors--operate as broker/dealers...
It seems every financial services provider claims it is aiming at the high-net-worth market. But according to a study by The Boston Consulting Group (BCG), many firms risk missing the target. The study looked at the market of an estimated 34...
Too Soon for Electronic Rules It’s premature to recommend any specific changes in regulations, policies, guidance or any other aspect of supervision associated with the online delivery of financial services, ABA said in a comment letter to...
OPINION OF THE COURT ALITO, Circuit Judge: Plaintiffs brought suit under the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. S 1001 et seq., as amended by the Retirement Equity Act of 1984 ("REA"), Pub. L. No. 98-397...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item Metavante Launches Wealth Management Consulting Services MILWAUKEE, WI-- Metavante...
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