The CFTC, starting in the 2014 fiscal year, would set a fee for futures, options on commodities, and swaps to fund the agency
Despite fears of red-tape-stranguIation, skyrocketing compliance costs and less time for clients, investment advisers take Dodd-Frank changes in stride. So far.
In 4-1 vote, commission greenlights marketing of Reg D offerings to credited investors; advisers stuck in the middle?
Critics complain about CEO's $2.6M pay package, wonder about the $1.6B investment fund.
Mary Jo White could be approved quickly by the full Senate to become the next chairman of the Securities and Exchange Commission. She might then move quickly on some investment-adviser related issues.
The SEC claims a onetime gubernatorial candidate sold investors nonexistent shares of Facebook and other social-media darlings.
Court denies request by bank, Merrill on overtime suit.
The board is currently searching for a replacement for Rex Staples
Changes are expected as Finra considers its controversial broker-comp rule this week. Industry watchers say wirehouses are largely backing a recruiting incentive regulation but IBDs oppose it.
As the Department of Labor readies to re-propose its fiduciary-duty rule, lobbying surrounding the issue intensifies. Did the Financial Services Institute Inc. draft an opposition letter signed by lawmakers? Probably; but that's not a scandal. That's business as usual in Washington.
The brokerage giant was accused of violating federal securities laws in underwriting and selling Lehman securities to investors, who claimed that offering materials contained misleading information about Lehman's financial condition.
But critics say one-stop shop a bad policy
Mass. regulator hits IBDs with new sanctions over nontraded REITs.
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
Ripple effect could be felt, making advice business 'a healthier place.'
Wall Street's self-regulator is looking into whether research analysts are participating in pitches to win business underwriting initial public offerings.
Defined as spouses for benefits; based on where married, not where living.
