Spain is the “big elephant” in the European debt crisis because there may not be enough money to bail out the Iberian nation, said Nouriel Roubini, the New York University professor who predicted the global financial crisis.
Nouriel Roubini, the New York University economist who predicted the global financial crisis, said U.S. growth will be “well below” 1% in the third quarter and put the odds of a renewed recession at 40%.
But U.S. Attorney Preet Bharara says civil cases easier to win; 36 wins in 20 months for U.S. attorney
On Wednesday, Finra accused David Lerner Associates of selling an unsuitable investment -- shares of Apple REIT -- to unsophisticated and elderly clients. Sales of Apple REIT comprised 60% of the brokerage's business since 1996, the regulator added. In a statement, the firm said it expects 'to be completely vindicated.'
Wells Fargo wagon slow in getting info to clients, regulator claims; brokerage settles charges for $1M
The Securities and Exchange Commission continues to crack down on Reg D offerings. This go-round, the regulator issued a cease-and-desist order to Capital Financial over the firm's alleged lack of due diligence on a series of privately issued notes.
Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order.
Kenneth Marsh pleads guilty to fraud; supposed global operation actually run out of strip mall in Staten Island, prosecutors say
Santander Securities agrees to pay $2M to settle charges brokers sold unsuitable investments to the elderly
Commission claims Hanlon failed to inform clients that his firm's financial status was 'seriously impaired'
SEC claims Wachovia unit charged excessive markups on CDOs in 2007
According to a source, Securities America has offered arbitration plaintiffs about 50 cents on the dollar to settle their claims over Red D offerings that went bust
Bulk of retiree's savings invested in two non-public mortgage funds; 'didn't have any access to his money'
Rumors have resurfaced that <a href=http://www.investmentnews.com/section/recruiting-moves?joiningsearch=Wells+Fargo+Advisors+LLC&search=&leavingsearch=&stateMultiSearch=&statesearch=>Wells Fargo & Co.</a> is talking with UBS AG about acquiring the Swiss bank's retail-wealth-management operations in the U.S.
Smaller firms smacked by increased costs from audits, uncertainty over rule; 'this is a mess'
<i>The following is the weekly commentary of Jeffrey Kleintop, chief market strategist at LPL Financial, for the week of February 28, 2011. For more, <a href=http://lplfinancial.lpl.com/Documents/ResearchPublications/Weekly_Market_Commentary.pdf> click here.</a></i>
The regulatory burden on financial advisers is mounting as various government agencies parse the fine points of the Dodd-Frank financial reforms and develop new rules
Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest
Corporate-owned life insurance is on the chopping block as President Barack Obama releases his 2012 budget
