The latest generation of variable annuities offers more investment options with new wrinkles, such as nursing home waivers, and a formidable array of cost structures that only actuaries could devise.Difficult as the annuity market is, brokers need...
Short selling has invaded the mutual fund industry. The reason: the repeal of the short-short rule under the Taxpayer Relief Act of 1997. The rule had previously penalized active trading by mutual funds. With that burden lifted, funds are now...