SEC chairman Mary Schapiro backed a tough uniform fiduciary standard earlier today – but compromise remains a possibility
The fraud charges brought against Goldman Sachs by the SEC may or may not provide a catalyst for market weakness, but significant risk is already baked into observable market conditions.
The following is an excerpt from the quarterly newsletter of Jeremy Grantham, Chairman of the Board of Grantham Mayo Van Otterloo LLC. To read the full newsletter, please <a href=https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IICH9wllS7nFzv7ybaFb7pejnbwTNH0bkvX%2b6VuTG%2fK%2fZQlXslaAJiXTuWWsm17RpANM4ky9wfHNILCaoOCk9CxUxd1YL1lKMqQ%3d>click here.</a>
Retail brokers have come under Securities and Exchange Commission Chairman Mary Schapiro's microscope, thanks to a warning she issued late last month about the dangers of recruitment deals.
Just how out-of-touch can Lloyd Blankfein be?
Capital Group Cos., the largest U.S. manager of stock mutual funds, asked regulators for permission to open its first new fixed-income products in four years.
Bank takes $200M charge to cover legal costs, potential settlements arising from bond fund probe
Merrill Lynch has nearly 3,000 fewer financial advisers than Morgan Stanley Smith Barney. That didn't stop Sallie Krawcheck's crew from generating a much larger profit than MSSB in the first half of the year.
The tide is high, as house sales in the Hamptons surge; plowing market profits 'into real estate'
