Mary Jo White, the former U.S. Attorney in Manhattan, is under consideration to become the next chairman of the Securities and Exchange Commission, three people with knowledge of the matter said.
Morningstar's Ryan Leggio reports on the Supreme Court justices' questions during oral arguments in the Jones v Harris case and how they may be leaning.
The legal standards required of brokers may not match investors' expectations of a fiduciary relationship, says Harold Evensky of Evensky & Katz Wealth Management.
New rules should make money market funds even safer, but yields may suffer even more. Morningstar's Christine Benz offers investors a few alternatives to consider.