The Securities and Exchange Commission appears likely to pursue more cases administratively as a result of a federal judge's decision last week to reject a $285 million settlement with Citigroup Inc.
Citigroup Inc.'s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn't been given enough facts to approve it.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
Critics claim more transparency needed to prevent future fiascos; no 'scalps on the wall'
Placement agencies can't keep up with demand; new clients 'sitting on piles of money'
Thirty-year fixed back to 4%; move away from Treasuries could hike rates further
The Labor Department has finalized a rule aimed at deterring financial advisers from receiving additional compensation based on the funds they choose for retirement plans
The Labor Department and the SEC agree on fee disclosures.
Like E.F. Hutton, PaineWebber and Dean Witter, the venerable name of Smith Barney is likely to be relegated to the ash heap of Wall Street history
Whopping bonuses, exorbitant salaries encouraged risk-taking, leverage; 'poachers better paid than the game-keepers'
No matter how you slice the data, Commonwealth Financial Network LLP comes out as one of the top independent broker-dealers in the nation — and a big part of that success has been its technology.
Affluent investors are just as anxious about having enough money to retire as everyone else.
It didn't take long for Daniel Gallagher, the SEC's newest commissioner, to disagree with the agency's chairman, Mary Schapiro.
Commission asks Congress for powers to handle cases administratively; no risk of consent agreements
Judge rejected initial $285M deal; money only place for 'any latitude'
Rakoff seems skeptical of deal with SEC; down this path before
Cites lack of performance at LifeCompass, lack of continuity at Schwab Target
So far, star analyst's prediction of disaster for tax-exempt sector way off the mark; other made similar forecasts
