NYSE regulatory chief Richard Ketchum will be named the new chief executive of Finra, the Wall Street Journal reported today.
Former Deutsche Bank general counsel and federal prosecutor Robert Khuzami today was named director of enforcement at the SEC.
Insurers doing business in N.Y. that receive breaks on accounting rules in their home states must adhere to N.Y.'s accounting rules when filing annual statements.
Paul Wichman, the former national sales manager of Pershing Advisor Solutions LLC of Jersey City, N.J., left the firm this month.
UBS AG will pay $780 million in fines, interest and restitution to avoid U.S. prosecution on charges that it helped wealthy Americans evade taxes.
The U.S. sued UBS AG today in an effort to get the Swiss bank to turn over the names of as many as 52,000 wealthy Americans who allegedly tried to evade taxes.
While acknowledging that the economic indicators have been “dismal,” the Fed has taken steps beyond reducing short-term interest rates to improve credit markets, Chairman Ben Bernanke said yesterday at the National Press Club in Washington.
Producer prices rose faster than expected in January, according to a Department of Labor report released today.
Clients of the troubled Stanford companies who clear through Pershing LLC will be able to liquidate their accounts if approved by the court-appointed receiver, Dallas attorney Ralph Janvey.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
President Obama’s mortgage plan aims to keep up to 9 million families from losing their homes to foreclosure.
Former Federal Reserve Board Chairman Alan Greenspan said yesterday that temporary nationalization of U.S. banks may be necessary.
When the SEC declared that equity index annuities are securities last year, it ignored the McCarran-Ferguson Act.
A former Morgan Stanley employee has been charged with stealing $2.5 million from the firm, with the crimes allegedly occurring over more than seven years.
A member of a blue-ribbon panel appointed by California Gov. Arnold Schwarzenegger to make recommendations on improving the state’s tax code said the panel’s members are philosophically opposed to taxing professional fees or any other “non-tangible” services but warned that dire economic conditions may make such opposition moot.
The SEC today charged that Allen Stanford and his financial companies also falsely promoted the Stanford Allocation Strategy fund mutual fund wrap program.
Smith Barney has lost 15 advisers in the Baltimore area to Robert W. Baird & Co. Inc.
President Obama today signed into law the $787 billion stimulus bill.
Americans’ confidence in their own financial security continues to drop, according to an index that showed a steady decline in people’s views over the past six months.
