Legal

If youre scared of an audit by the IRS, theres less to fear these days. New data show that budget cuts at the IRS mean the agency is investigating fewer wealthy taxpayers.

A funny thing happened on the way to transparency. Its called apathy.

Not surprisingly, support for a fiduciary rule drops precipitously with commission-only advisors.

SEC officials signaled this week that the agency is revisiting the rules regarding annual 12b-1 fees in mutual funds.

Drew Bowden, 53, will return to the private sector, the SEC said in a statement Tuesday without specifying his employment plans.

It will consider selling GLAIC in parts if it cant find a buyer for the entire unit, according to people familiar with the matter.