Improving a law that imposes a property tax lid on local governments is a good step, but leaving local tax decisions to local officials would be even better

A proposed compromise improves a law that imposes a property tax lid on local governments across Kansas but it doesn’t erase the fact that state legislators are tampering with decisions that would be better left to local elected officials. The bill passed last year forces city and county governments to hold an election to seek […]

U.S. Unveils Retirement-Savings Revamp, but With a Few Concessions to Industry

About $14 trillion in retirement savings could be affected by the rule WASHINGTON—The Obama administration Wednesday rolled out a long-anticipated new rule aimed at transforming the way the financial industry delivers retirement-savings advice—but offered significant concessions to critics that could make it more palatable and less disruptive for brokers. The fiduciary rule is aimed at […]

CFTC Orders Staten Island-Resident Michael Pucciarelli And His Company, Badge Trading LLC, To Pay A $280,000 Penalty For Engaging In Unlawful Noncompetitive Exchange For Physical Transactions

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against RespondentsMichael Pucciarelli of Staten Island, New York, and Badge Trading LLC, for noncompetitively entering into and reporting numerous non-bona fide exchange for physicals transactions (EFPs) to ICE Futures U.S., Inc. and ICE Clear U.S., Inc. (collectively, ICE). Pucciarelli personally owns Badge […]