Results for "regulation"

Displaying 4,831 results

Sort: Date | Relevance

Author:

Senate Banking Committee approves SEC nominees Hester Peirce and Robert L. Jackson Jr.

November 1, 2017

The Senate Banking Committee on Wednesday unanimously approved Hester Peirce and Robert L. Jackson Jr. to serve on the Securities and Exchange Commission. If they are confirmed by the Senate, Ms. Peirce, a Republican, and Mr. Jackson, a Democrat,...

Retirement-savings advocates to mobilize forces if tax-reform plan cuts benefits

October 31, 2017

On the eve of the release of the House Republican tax-reform proposal, retirement-savings advocates are hoping for the best but preparing to swing into action if the plan is too stringent on curtailing pre-tax contributions to retirement plans....

Ex-Merrill broker Thomas J. Buck pleads guilty to securities fraud, will pay SEC $5M ​

October 31, 2017

Thomas J. Buck, a former high-producing rep for Merrill Lynch who was fired and then kicked out of the securities industry, pleaded guilty Tuesday to overcharging clients by millions of dollars. He also reached a settlement with the SEC for...

New Jersey smacks LPL with fine of nearly $1M over REIT, BDC sales

October 30, 2017

Citing a breakdown in supervising its brokers concerning suitability requirements tied to sales of illiquid alternative investments, the New Jersey Bureau of Securities fined LPL Financial $950,000 and ordered it to pay $25,000 to a state investor...

SEC penalizes UBS $3.5 million for overcharging on funds

October 30, 2017

UBS Financial Services Inc. has agreed to a cease-and-desist order, a censure and a civil penalty of $3.5 million in connection with charges that it failed to provide certain clients with the lowest-cost fund choices to which they were entitled....

History of presidential shocks to the stock market

October 30, 2017

In the wake of Special Counsel Robert S. Mueller III's charges against three aides to President Donald J. Trump, clients may be wondering: How does presidential political turmoil affect the stock market? The answer: Usually not much, or for...

UBS ordered to pay $3 million Finra fine for defamation

October 27, 2017

A Financial Industry Regulatory Authority arbitration panel has ordered UBS Financial to pay a former broker, James L. Springer Jr., $3 million in compensatory damages over what the firm said when it dismissed him in 2014. Finra's BrokerCheck...

LPL to pay $295,000 for Ponzi scheme probe in North Carolina

October 27, 2017

The state of North Carolina has fined LPL Financial $25,000 and ordered the broker-dealer to reimburse the state $270,000 for the cost of investigating a $1.4 million Ponzi scheme. From May 2012 to December 2014, Charles Fackrell of Booneville,...

Treasury encourages DOL to consider fiduciary-rule harm

October 27, 2017

A new Treasury Department report outlines potential harm being caused by the Labor Department's fiduciary rule and tells the agency to keep those consequences in mind while it reviews the regulation. Administration skepticism about the DOL rule...

Tax plan secrecy evokes frenzy of concern from lobbyists and lawmakers

October 27, 2017

Republicans are barreling into a lobbying frenzy next week, when House Ways and Means Chairman Kevin Brady plans to unveil a sweeping tax bill to remake the U.S. economy that's being crafted with rigorous secrecy. The stage was set with the...

SEC and DOL should agree on tough fiduciary rules

October 26, 2017

Harmonization is a beautiful concept. In standards-setting it means bringing into agreement different systems that have evolved separately to reduce or eliminate redundancies or conflicts. Yet the mechanics can be complicated, constrained by...

Finra awards 13 clients $5 million against rogue broker

October 26, 2017

A Finra arbitrator awarded more than $5 million to a group of 13 investors who claimed that a Georgia-based broker ruined their financial lives. The investors alleged that "their life savings and retirement assets were decimated" due to the...

SEC task force targets retail investor fraud at the adviser level

October 26, 2017

A new Securities and Exchange Commission enforcement initiative will target retail investor harm that occurs when clients work with investment advisers, an SEC official said on Thursday. Stephanie Avakian, co-director of the SEC Division of...

Senate's takedown of the CFPB's class-action rule may pave way for challenge to Finra policy

October 25, 2017

After the Senate's rejection Tuesday of the Consumer Financial Protection Bureau's rule on class-action lawsuits, concern is brewing among investor advocates that the financial industry will set its sights on a similar policy at Finra. The Republican-controlled...

Trump, House tax chief send mixed signals on 401(k) tax break

October 25, 2017

President Donald J. Trump repeated his desire to keep tax breaks for workers' 401(k) contributions Wednesday — just hours after the chief tax writer in the House said his panel was exploring ways to change retirement savings in legislation...

Wedbush Securities, once again, in trouble with regulators

October 25, 2017

From time to time, this column focuses on firms and individuals in the investment advice business who continue to screw up — those who seem destined to repeat the past and harm investors, damage their own reputations or both. It can be maddening....

Clayton says SEC can't simply take over DOL fiduciary rule

October 24, 2017

Industry opponents of the Labor Department's fiduciary rule want the Securities and Exchange Commission to swoop in and take over rulemaking on investment advice standards, but the agency can't simply stop the DOL regulation, SEC Chairman Jay...

SEC nominees Jackson and Peirce blast Finra's transparency during hearing

October 24, 2017

Two nominees for the Securities and Exchange Commission questioned Finra's transparency during a confirmation hearing on Tuesday morning, saying the brokerage regulator hasn't been doing enough in this area and that its conduct should be reviewed....

401(k) advisers under pressure to keep up with due diligence of investment products

October 24, 2017

Regulation and market forces are driving rapid evolution of investment products. Costs are coming down, conflicts are coming under closer scrutiny, and competitive pressures – along with shifting investor objectives – are reshaping new product...

PIABA selects Andrew Stoltmann as new president

October 23, 2017

Chicago attorney Andrew Stoltmann has been selected as president of the Public Investors Arbitration Bar Association, replacing outgoing Ohio attorney Marnie Lambert. PIABA is a not-for-profit, voluntary bar association of lawyers who represent...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 | 7 ... 242