Deputy Treasury Secretary Neal Wolin said the reforms would ensure that markets are “creative, competitive … and far less prone to panic and collapse.”
Congress sent the Dodd-Frank legislation to President Barack Obama Thursday.
'We expect to move forward quickly,' says Robert Cook, director of the division of trading and markets'; single standard of care ahead?
While the market recovered in 2009, most asset managers did not, according to a report Tuesday from The Boston Consulting Group.
Ray Walker was happily employed as a financial adviser at Merrill Lynch & Co. in San Francisco until a gulp of wine coerced him into leaving for France to buy $140,000 worth of grapes with a dream to rival powerhouse Burgundy domaines such as Romanee-Conti and Corton-Andre.
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>
