The Financial Industry Regulatory Authority Inc. announced today that it has hit Citigroup Global Markets Inc. with a monetary sanction for supervisory violations relating to its handling of trust funds belonging to cemeteries in two states.
Plying a path that sometimes has proven perilous, DeWaay Financial is staking its claim in the marketplace by offering financial advisers and their wealthy clients access to high-stakes private-equity, venture-capital and investment-banking deals.
While getting pilloried in hearings before the Senate Permanent Subcommittee on Investigations, representatives from The Goldman Sachs Group Inc. characterized their firm as a market maker, denied that they had fiduciary status, and displayed apparent bewilderment at the senators' questions about legal or ethical obligations to place clients' interests first.
The securities regulator aims to boost transparency -- and curb conflicts of interest -- in the $2.8T municipal issuance industry
Regulator charged McGinn Smith with “misusing” investors' funds in the sale of $89 million in private notes
Brokers who work with retirement plans may soon lose clients to registered investment advisers, thanks to a rule that the Labor Department is expected to approve this summer.
The teen game platform omgpop.com offers some useful lessons on how to get market participants to change their behavior.
Enrollment in high-deductible health insurance plans linked to health savings accounts continues to surge, with the biggest growth in plans offered by larger employers.
Small advisory firms shopping for modestly priced portfolio re-balancing and trade order management software might want to look into Rebalance Express.
The U.S. House approved legislation to extend unemployment insurance, restore some tax breaks and raise taxes on managers of buyout funds and other investment partnerships.
Finra is adopting a more “laserlike focus” on fraud, Rick Ketchum, CEO and chairman of the securities industry's self-regulator, said this morning in Baltimore at its annual conference.
Finra is proposing registration requirements for some back-office supervisory positions.
Kenneth I. Starr sentenced to more than seven years in jail for fraud; clients included Sylvester Stallone, Wesley Snipes
Kenneth I. Starr, the money manager who pleaded guilty to fraud in September, should stay in jail until he's sentenced because of a series of e-mails in which he expressed “extraordinary contempt” for his brothers, who would guarantee his bail, U.S. prosecutors argued.
The U.S. Securities and Exchange Commission sued an attorney for Kenneth Starr, claiming he helped the former New York money manager steal more than $25 million from investors.
Kenneth Starr, who pleaded guilty in September in a $59 million fraud case, was sued by Bank of America Corp. over an unpaid $500,000 debt.
The receiver for firms once controlled by jailed money manager Kenneth I. Starr sued filmmaker Martin Scorsese and his production company for about $600,000.
