Sara Hansard
Financial planners are worried about being regulated by the proposed consumer financial protection agency when it comes to dishing out advice about mortgages, taxes and estate planning.
Financial planners are worried about being regulated by the proposed Consumer Financial Protection Agency when it comes to dishing out advice about mortgages, taxes and estate planning.
The Senate Banking Committee's plan to overhaul Wall Street has received a cool reception in the brokerage world.
Smaller broker-dealers are worried that a sweeping congressional proposal aimed at preventing fraud through comprehensive audits of brokerage firms could put them out of business.
Two California investment advisory firms were charged with improper short selling today by the Securities and Exchange Commission.
With the Senate set to reconvene this week, the insurance industry is stepping up its efforts to encourage members of the Banking Committee to support a comprehensive study into whether brokers should be forced to adhere to a fiduciary standard.
The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
The upset election last week in Massachusetts of Scott Brown to the Senate will have a more modest impact on financial services regulatory-reform legislation than on health care reform.
Finra expects to bring cases against brokerage firms involved in selling private-placement offerings next year, its head of enforcement said last week.
Adviser groups responded warily last week to Securities and Exchange Commission Chairman Mary Schapiro's call to standardize the licensing and regulatory requirements for all financial advisers and brokers who give advice.
