February 5, 2012

SEC targets compliance

By Mark Schoeff Jr.

The SEC has compliance officers in their sights, but by dismissing a recent case against one of them, the commission failed to give clear instructions on the scope of their responsibilities. What is apparent is that the Securities and Exchange Commission sees compliance as an area...

• compliance,
• Money Management Institute (MMI),
• Securities and Exchange Commission (SEC)

February 3, 2012

Pru will pay $17M to settle with seven states over death benefits

By Darla Mercado

Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.

• annuities,
• lawsuits,
• legislation and regulation,
• Prudential Insaurance Co. of America

January 16, 2012

Reagan adviser Arthur Laffer sued over alleged Ponzi scheme

By IN Staff

Investors say Arthur Laffer's association with Ponzi scheme cost them

• lawsuits,
• Ponzi schemes

January 12, 2012

Legendary band takes Warhol Foundation to court over banana

Peel and sue? Velvet Underground claims non-profit profiting off use of iconic image from first album

• lawsuits,
• philanthropy

January 10, 2012

Thinkorswim users hit TD Ameritrade with hefty arbitration claim

By Dan Jamieson

Thinkorswim users sue TD Ameritrade claiming they could not get through to execute trades in August

• brokerage,
• lawsuits,
• options / futures,
• TD Ameritrade Institutional

January 10, 2012

Corzine sued by Montana farmers over futures account money

Montana farmers are suing John Corzine for fraud, saying he oversaw the misappropriation of their commodity trading account funds.

• brokerage,
• fraud,
• lawsuits

January 6, 2012

High-living broker Cliff Popper commits suicide in Florida

By Bruce Kelly

Cliff Popper, a broker notorious for high living and high commissions from sales of mortgage-backed securities, committed suicide on Tuesday.

• brokerage,
• lawsuits

January 5, 2012

Mind your social-media compliance programs: SEC

By Dan Jamieson

Finra has warned investment advisers to examine the effectiveness of their social-media compliance programs based on findings from recent SEC adviser examinations.

• compliance,
• Financial Industry Regulatory Authority (FINRA),
• Securities and Exchange Commission (SEC),
• social media

January 1, 2012

B-D wants Supreme Court to rule on Finra suit

By Dan Jamieson

Can a brokerage firm sue Finra? That's a question one broker-dealer is asking the Supreme Court to consider.

• Financial Industry Regulatory Authority (FINRA),
• lawsuits

January 1, 2012

SEC's suit against Citigroup on hold

By Bloomberg News

The Securities and Exchange Commission's suit against Citigroup Inc. will remain on hold while a federal appeals court considers whether to review a judge's rejection of a $285 million settlement in the case. In a series of rulings stemming from a November decision by U.S. District...

• Citigroup Inc.,
• lawsuits