The Securities and Exchange Commission lucked out with $136 million in extra funding from Congress this year, but it has to learn to stretch its budget further, according to an agency leader.
In the last 48 hours, Eileen Rominger, the new director of the Division of Investment Management at the Securities and Exchange Commission, has appeared before a congressional committee and addressed an investment advice industry group.
Which brokerage has the top stock pickers?
CPAs say uncertainty impedes proper estate planning, places undue burden on taxpayers
The day after R. Allen Stanford was convicted of operating a $7 billion Ponzi scheme, members of Congress pressed officials of the Securities Investor Protection Corp. to reimburse his victims.
The legal woes of R. Allen Stanford, who was found guilty on 13 of 14 charges of fraud by a Houston jury last week, may be over.
Fidelity, Schwab and Vanguard record 77% hike in donations; 'stunning'
Advisory group designed to counter Wall Street clout; SEC not required to act on recommendations, though
78% of advisers lack access to clients' full financial pictures but continue to advise anyway
Social media is an incredibly fun and effective way to engage with millions of people online. Along with the excitement, however, is the perceived buzz kill—FINRA and SEC compliance standards.
Opponents and backers of an SRO for investment advisers clashed in front of a Congressional panel on Wednesday. And this was just the first act.
50% drop in broker comp makes the case for going independent
Endowments' embracing of alternative investments has paid off big
Smashes previous auction record of $106M for Picasso painting: 'trophies fly to the moon'
