Morgan Stanley Chief Executive Officer James Gorman said he told staff not to circulate a Goldman Sachs Group Inc. employee's op-ed criticizing that firm and that it wasn't fair for a newspaper to publish it.
Also believe it's Uncle Sam's job to protect investors from fraud
House bill likely on fast track; McHenry provision would greenlight online fund-raising
Finra backs off social media regs, also aims to hike transaction fees; Congress extends payroll tax deduction - and a millionaires' tax continues to bounce back after multiple rejections. More on these recent developments and other key happenings on The Hill that will impact financial advisers.
Legislation that would allow companies to raise capital online in increments of up to $10,000 per investor sailed through the House in early November by a 407-17 vote.
State securities regulators sometimes must feel like schoolyard weaklings, constantly being picked on by the bigger guys in the political playgrounds of Washington.
The U.S. Securities and Exchange Commission, facing growing judicial scrutiny over how it resolves enforcement matters, was asked by a federal judge in Milwaukee to provide a “factual predicate” for a proposed settlement with a company accused of accounting fraud.
UBS AG appears to be making good on its pledge to sharpen its focus on wealth management and rein in its investment banking operations.
Insurer mulling raising fees and cutting benefits on popular product; low interest rates to blame
Class action discrimination suit looks set to go to trial after latest court ruling
Supreme court considers request for Social Security survivor benefits for twins born 18 months after father's death.
Lincoln Investment Planning Inc., a fast growing independent broker-dealer, is hitting its reps and advisers who run their own RIAs with a new, annual supervision and compliance fee of up to $20,000.
The SEC is preparing sanctions against Felix Investments LLC over trading of private-company shares, the first action to emerge from a broad investigation of transactions involving non-public startups.
Barney Frank, co-author of the Dodd-Frank financial reforms, will speak at a Goldman Sachs fixed-income sales event today
AUM down in 2011, but production up; 'focusing more on their larger accounts'
