Pace of shutdowns is slowing, but one in 10 firms open in 2007 are now gone
A Colorado man faces nine counts of securities fraud related to the sale of Medical Capital notes
Ponzi scheme wiped out almost $1B in investor money
2.6M claim involved DBSI TICs; significant exposure remains
Commission looking into due diligence performed by brokerages; do you understand what you're selling?
For independent broker-dealers, 2011 was a challenge. Mounting technology costs, intense scrutiny and new rules from securities regulators were compounded by record low interest rates, which decimated returns on once-lucrative activities such as margin lending and holding clients' cash.
T. Timothy Ryan, president and chief executive of the Securities Industry and Financial Markets Association, said he wants regulators at the Securities and Exchange Commission and the Labor Department to move forward together on creating a single fiduciary standard of care for retail stockbrokers
A financial adviser has inserted himself into the tension between the Occupy Wall Street protesters and The Goldman Sachs Group Inc. over sponsorship of a fundraising dinner next month for a New York-based credit union that mainly serves the poor.
Tie up creates $2.5B firm; combined outfit vaults into top 50
