Wells Fargo and BNY Mellon — trustees for Medical Capital Holdings — claim that brokers should not have sold the MedCap private placement to clients. Meanwhile, the banks themselves face litigation stemming from the Reg D offering.
Taking advantage of loan guarantee program intended to help low-income families buy homes; debate now in Congress
In the latest twist in the ongoing saga of Apple REITs sold by David Lerner Associates, plaintiffs claim the B-D used a line of credit and other sources to boost dividend payments beyond what was prudent. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110826&Category=FREE&ArtNo=826009999&Ref=PH>Home prices still plunging in these states</a>
Rate on average 30-year fixed loan falls to 4.12%; 'homebuyers are not responding'
Bond king says governments should look to prime economic pump first, then lower borrowing
George Smaragdis, director of media relations at the Financial Industry Regulatory Authority <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20110807/REG/308079974"" target="”_blank”" rel="noopener noreferrer">told me two weeks ago</a> to expect some additional guidance on social media soon and sure enough here it is in the form of <a href="//www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p124186.pdf"" target="”_blank”" rel="noopener noreferrer">Regulatory Notice 11-39</a>.
Panel must find $1.5 trillion in savings; taxes and entitlements on the table?
A special congressional committee created by last week's debt ceiling legislation is unlikely to have the time or the political will to tackle any meaningful tax reforms
Effective date on reg is bumped back to April 1
There is a gaping hole in ERISA regulations that allows many investment service providers to escape fiduciary accountability for the advice that they provide to retirement plan sponsors and participants
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Labor Department proposal would push back the effective date for retirement plan service providers to begin disclosing fees to Jan. 1, 2012
Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however
Owners seek a quick sale -- and pray a bidding war breaks out; $65M house, $22M minimum bid
The head of Schwab Advisor Services apologized yesterday to the firm's RIA clients for sending a marketing piece sent Aug. 9 to advisers' clients who sponsor Schwab-run retirement plans.
A new survey shows investment management firms are spending-much needed capital on beefing up compliance departments -- rather than projects that boost the top line.
Financial advisers up and down the East Coast dealt with the aftermath of Hurricane Irene today as many struggled with communication, commuting or power — and in some cases, all of the above.
Frederick Schultz, Lloyd Seested, David Andreadis, Richard Haskin, Eric Teichberg, and Karen Ben-Shlaush are joining the firm's private wealth group in Washington D.C.
