Former Credit Suisse Group AG broker Eric Butler, free while appealing his conviction for fraudulently selling subprime securities that cost investors more than $1.1 billion in losses, was ordered to begin serving his prison sentence.
Under the rule, if an investment adviser or certain employees of an advisory firm contribute to a politician with influence over hiring, they cannot be paid by the pension fund for two years.
Business propositions that center on making money through investing is out of sync with the times.
Drawn by tales of fast money in the land of iron condors, retail traders are swarming the futures market. But do they know what they're doing?
Rational markets? Hardly. In reality, humans tend to have a narrow focus -- often missing the obvious
JPMorgan Chase CEO Jamie Dimon named longtime associate Heidi Miller to the new post of president of J.P. Morgan International as part of a management shuffle to groom an eventual successor.
Credit-default swaps broker Phoenix Partners Group and brokers who worked at four other firms including Tullett Liberty Inc. and Creditex Group Inc. will pay $4.3 million to settle claims that they attempted to fix fees.
The uncertain economy is compounding a long-term problem in the brokerage business: its shrinkage.
Many representatives and agents say the new requirements add to the already complex layers of review required by Finra.
The government said Friday it obtained a court order to halt an alleged $34 million Ponzi scheme targeting federal employees and law enforcement agents nationwide with promises of safe investments in a nonexistent bond fund.
