The New York Stock Exchange named Marshall Carter, the former head of institutional investor State Street Corp., as its chairman. Carter, 64, succeeds John S. Reed in that capacity. Reed, the former chairman of Citigroup, had headed the exchange after the rocky departure of Richard Grasso some 18 months ago. Grasso was forced out following a firestorm of controversy over an exorbitant pay package in the neighborhood of $140 million. Carter rang the exchange's opening bell April 8. He will share leadership duties at the NYSE with the exchange's chief executive, John Thain. Carter comes aboard at a time when the exchange is seeking regulatory approval to create a "hybrid" market featuring both electronic trading and the more traditional floor trading by brokers. A graduate of West Point and a former Marine who served in Vietnam, Carter also was a White House fellow at the State Department in the mid-1970s.
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Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws.
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Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
April 22 -
The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
April 19 -
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
April 19 -
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
April 19 -
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
April 19