Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
House Financial Services Committee Chairman Barney Frank, D-Mass., last week laid out an ambitious 2009 legislative program for his committee.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
President Obama revealed major compensation reforms today that will limit significantly the pay of executives at companies receiving federal bailout money.
Regulators and members of the futures industry met before the House Agriculture Committee to debate the regulation of credit default swaps and other derivatives.
It might pay for broker-dealer firms and registered representatives to litigate disciplinary proceedings brought against them by the SEC and Finra.
The Department of the Treasury under Bush administration Secretary Henry Paulson paid 44% more for bank securities than they were worth.
Fairfield Greenwich Group, the largest feeder fund for Bernard Madoff Investment Securities LLC with $7.5 billion invested, failed to perform due diligence.
Three former brokers, who were first with UBS Financial Services Inc. and then with Merrill Lynch & Co. Inc., have been barred from working in New Jersey.
Congress will consider legislation to extend some of the curbs on executive pay that currently apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.
A new law that gives retirees greater latitude in taking required minimum distributions could have negative tax implications, according to advisers.
The nomination and confirmation of Timothy Geithner as Treasury secretary was a mistake that will weaken the U.S. income tax system.
T. Rowe Price has unveiled a web portal with tools that advisers and other firms can use to evaluate the asset manager’s mutual funds.
Despite the financial crisis and plummeting markets, employees are still contributing to their 401(k) plans, an analysis from Boston-based Fidelity Investments released today showed.
Securities and Exchange Commission chairwoman Mary Schapiro should end her predecessor’s policy on negotiating settlements with corporations under investigation because it weakens enforcement efforts, an influential U.S. senator said.
Who would be better at running an independent broker-dealer than an independent rep?
