A Seattle-area pastor has pleaded guilty to charges of wire fraud and money laundering related to a $1.6 million Ponzi scheme he ran for eight years.
Finra has warned investment advisers to examine the effectiveness of their social-media compliance programs based on findings from recent SEC adviser examinations.
The Financial Industry Regulatory Authority Inc. has backed away from a proposal that would have required broker-dealers to file social-media postings with the regulator.
Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.
Analysis of Newt Gingrich's tax plan would cut taxes for 70% of households and reduce rates for the highest earners compared with what they pay now.
Bearer bonds from alleged Philippines plane crash are little more than wallpaper
The latest compensation changes being made by Merrill Lynch Wealth Management to encourage brokers to go after wealthier clients could hurt broker trainees, small-market financial advisers and low-end producers.
Can a brokerage firm sue Finra? That's a question one broker-dealer is asking the Supreme Court to consider.
Finra conducted nearly twice as many branch exams in 2011 than 2010. Enforcement actions were up, as well. Expect more of the same in the coming year.
Wells Fargo & Co. will pay up to settle criminal charges and civil claims for Wachovia Bank's conspiring to overcharge state and local governments on investments.
A Finra panel has ordered broker-dealer CapWest to pay a whopping $9M to clients for selling them faulty private placements. There's just one catch: the B-D went bust last year and, according to an attorney, has 'zero assets -- there's not even an obsolete telephone book.'
Finra in no way gave special treatment to Jon Corzine, former chief executive of bankrupt MF Global Inc., according to CEO Richard G. Ketchum
The SEC last month slapped a financial adviser and radio personality known as “The MoneyMan” with fraud charges after his firm encouraged clients to invest in promissory notes linked to a company with which he was associated
You've heard of the movie, The Horse Whisperer, and you are probably familiar with TV personality Cesar Millan, The Dog Whisperer. Well, think of me as The Client Whisperer.
Obama's CPFB appointment won't propel Dodd-Frank into GOP debate
MetLife Inc. must defend a lawsuit by the beneficiary of a policy who claimed the insurer paid $302,000 to the wrong person.
Suze Orman's new prepaid debit card will come with fees of at least $36 a year
