SEC clears path to US research post-Mifid
The Securities and Exchange Commission (SEC) has announced that UK investment firms will be able to temporarily access research from the US post-Mifid II.
US
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China adds 101 billionaires
There were nearly three times as many new Chinese billionaires than US ones last year, helping to make Asia home to the most billionaires for the first time and driving the global population to 1,542, according to a report from UBS and PwC.
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Investors dump emerging market debt as Fed hike looms
Emerging market debt has been the best-selling asset class with European investors this year, but flows turned negative in late September against a backdrop of a hawkish Fed and a strengthening dollar.
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Guardian Wealth enters US market
Guardian Wealth Management has launched its first office in the United States, based in Miami, as part of its global expansion programme.
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How to negotiate complex tax issues for US expats
Brussels-based Brian Dunhill gives important insights into how he provides the most effective advice to his US expat clients.
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Hawkish Fed to taper from next month
The US Federal Reserve announced it will begin to unwind its quantitative easing programme in October, and said another rate hike this year is likely despite persistently low inflation.
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FBI arrests radio show host in $5.6m investment fraud
The co-host of a US sports radio show has been arrested by the FBI on investment fraud-related charges in connection with an alleged fake ticket scam that he started after accumulating millions in gambling debts.
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US Republicans lobby to scrap Fatca and tax on citizens abroad
The Republican National Committee (RNC) has urged president Donald Trump to replace citizenship-based taxation, and therefore scrap the Foreign Account Tax Compliance Act (Fatca), in his tax reform package.
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‘Harvey damage will force Fed to hold rates’
The damage caused by hurricane Harvey will dampen US GDP growth to an extent that will force the Fed to forget about hiking rates further this year, it has been claimed.
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US regulator to examine ETP impact on markets and investors
The Securities and Exchange Commission (SEC) is to examine the fast-growing market for exchange-traded products (ETPs) and its implications for investors in a forum with New York University.
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Markets shrug off North Korea threats, for now
Global markets have shown little alarm over North Korea’s missile tests and Donald Trump’s rhetoric so far. Nevertheless, investors should hedge their tail risks, advises Dave Lafferty of Natixis GAM.
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US tax workers jailed for using foreign IDs in $5m scam
Three Americans have been convicted of using the stolen identities of foreign nationals to conspire to defraud the US Internal Revenue Service (IRS) of more than $5m (£3.9m, €4.2m) over the course of four years.