SIFMA put out a white paper this week on artificial intelligence (AI) that probes the use of AI within the financial services industry. The paper, titled “Promoting Investor Success, Industry Inn...
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The Section 199A tax deduction for small and family-owned businesses supports 1.1 million jobs directly, 590,000 jobs through increased employee compensation, and another 853,000 jobs from related con...
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The Securities and Exchange Commission (SEC) approved a new quality control standard for the Public Company Accounting Oversight Board’s (PCAOB). The new standard -- QC 1000, A Firm’s System o...
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The North American Securities Administrators Association (NASAA) issued its annual report on the state-registered investment adviser industry. NASAA’s Investment Adviser Section Annual Report exa...
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On Friday, the Securities and Exchange Commission (SEC) announced it had settled charges against Esmark in regard to its proposed purchase of U.S. Steel. According to the SEC’s order, Esmark, at...
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U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny Werfel highlighted some of the key milestones in their departments’ various initiatives, including collecti...
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On Thursday, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) held the sixth of 10 planned event to bring the public and private sector together to combat fentanyl. F...
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U.S. Sen. Elizabeth Warren (D-MA) is urging the Internal Revenue Service (IRS) to increase its scrutiny of Real Estate Investment Trusts (REITs). Last week, the IRS issued a warning about hotel an...
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U.S. banks insured by the Federal Deposit Insurance Corporation (FDIC) saw net income increase 11.4 percent in the second quarter, according to the FDIC’s Quarterly Banking Profile. The 4,539 com...
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The search is underway for the next president and CEO of the Federal Reserve Bank of Philadelphia. The new president and CEO will succeed Patrick T. Harker who is leaving his position on June 30, 2...
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