Investments

Tax

Alleged pump-and-dump scheme could mean 25 years in prison for accountant

Stephen Durland, a former Palm Beach, Florida, accountant made a fortune as an investor . . . sort of. He’s accused of operating a $30 million investment scam in California. If convicted, Durland could be looking at 25 years in prison, plus a $5 million fine.
A&A

SEC Shadow NAV rule means greater transparency for investors

The Securities and Exchange Commission (SEC) has announced that, for the first time, investors can access detailed information that money market funds file with the Commission.
A&A

IRS looking for feedback on Roth 401(k) regulation

The Internal Revenue Service is seeking comments on an existing regulation that provides guidance on Roth 401(k) arrangements.
A&A

Bloomberg poll: Investing in the United States is a good idea

In the world of investments, BRICs are the large emerging markets made up of Brazil, Russia, India, and China. Just months ago a poll of global investors rated the United States well below China and Brazil as an attractive market to buy into.
A&A

Middle market investment banking offers opportunity for trained valuators, accountants

As Boomers retire and sell their businesses, the middle market has become hot, even as the economy remains sluggish. Lucrative deals are driving a demand for education, networking, and certification – and a huge opportunity for committed financial professionals.
A&A

New retirement plan security rules will affect millions of 401(k) account holders

The U.S. Department of Labor has announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension, and other retirement arrangements.
A&A

Survey indicates surprising 401(k) trends

A recent survey of defined contribution plan participants conducted by MassMutual’s Retirement Services Division revealed unexpected findings about participant attitudes and approaches toward investing – and some striking differences based on gender.
A&A

SEC mulls further measures against naked short sales amid criticism from lawmakers

The SEC once again tackled naked short selling issues as a panel of experts at its “roundtable” on short selling looked at a possible requirement to pre-borrow shares before selling them short, a procedure also known as “hard-locate.”

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