The SEC's study on fiduciary duty has inspired thousands of comment letters and nearly two dozen visits to the agency by interest groups. But a report that may have just as big an impact on the advisory industry is garnering little attention.
The good news: the clock ran out on a bill that could have ultimately stripped brokers' of their independent contractor tax status. The bad: the issue may come up again in two years.
The Standard & Poor's 500 Index may rally as much as 16 percent in the next six months because yesterday's election will stymie legislative initiatives in Congress, billionaire investor Kenneth Fisher said.
The U.S. Securities and Exchange Commission banned brokers from letting clients make unsupervised trades on stock exchanges amid concern that a rogue transaction could roil markets.
Pressure likely to be exerted on SEC, Finra, other agencies; 'unprecedented level of congressional oversight'
The following are remarks delivered by Federal Reserve Chairman Ben S. Bernanke at the Revisiting Monetary Policy in a Low-Inflation Environment Conference at the Federal Reserve Bank of Boston on Oct. 15
Commission said to be examing whether HRJ investment firm shifted debt obligations to limited partners
Tate George charged with running $2M Ponzi scheme; made memorable jumper for Huskies in NCAA tournament
Claims Salinas defrauded Lute Olsen, others out of $50M; killed self in July
Handing over Derek Jeter's milestone ball has made a celebrity out of Christian Lopez -- and the financial implications also could have his head spinning.
Warrant issued for man who allegedly steered Chargers' Buster Davis into airplane hangar investments
In October, a Finra arbitration panel ordered Citigroup to pay former 'Dallas' star Larry Hagman a whopping $11.6 million for, among other things, breach of fiduciary duty. Yesterday, a judge threw out the award, saying that one of the panel members may not have been impartial.
Will Ferrell may have the No.1 movie in America. But that didn't cut any ice with a Finra arbitration panel, which ruled against Ferrell and Larry David in a claim against J.P. Morgan Securities.
Mueller pleads guilty to ripping off the Hall of Fame quarterback, 64 other clients; 'he's accepting responsibility'
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier -- at least, not for advocates of financial reform.
No matter where you stand in this increasingly divided political landscape, the financial markets are a good bet to rally following the Nov. 2 elections.
Next Financial Group Inc. has been hit with a significant regulatory action for the third time in three years, with Finra this month levying a $400,000 fine and $102,000 in restitution to clients.
In yet another sign of the move toward regulatory harmonization, the Financial Industry Regulatory Authority Inc. has asked for input on how to create an ADV-like form for broker-dealers.
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier — at least, not for advocates of financial reform.
The potential for political upheaval on Capitol Hill following the Nov. 2 election has grabbed the attention of many financial interest groups — and has some preparing to change the targets for their advocacy efforts
