That's how one attorney described the potential damages banks face from an ongoing multistate probe of alleged Libor rigging by banks. Oh yes, some cities have already filed suit.
Proposals, bills cobbled together on fly with little time for review
Washington looks to wriggle out of promise made just two years ago; can lawmakers keep their hands off?
One of the features of the fiscal-cliff bill approved last week by Congress was that it supposedly settled the question of marginal tax rates for good. It delivered the permanence to the vast majority of Bush tax cuts that investment advisers and their clients have long sought. But a little more than 36 hours after the measure passed, Congress demonstrated it will always tinker with the tax code.
Her work as a prosecutor and later as a defense lawyer has given her insights into the strengths and weaknesses of the securities law and regulations that will inform her decisions.
Investment advisers stopped legislation last year that would establish a self-regulatory organization to oversee them by making their presence felt on Capitol Hill. They're keeping it up this year.
Kicker Russell Erxleben allegedly made false promises about WWI German bearer bonds and a Paul Gauguin painting
After receiving a fair amount of negative comments from reps, Finra is backtracking on its plan to end the 5% markup rule.
New Year's Eve legislation that averted trillions of dollars of automatic tax increases and spending cuts was brimming with provisions that permanently extended many Bush administration tax cuts. What was missing, however, was language that provided direction on comprehensive tax reform. All kinds of ideas are filling the void.
Finra is seeking comments on its controversial bonus disclosure plan. Don't expect any love letters.
Many observers think newly designated SEC chair Elisse Walter will be a lame-duck boss. They may be wrong. <a href=http://www.investmentnews.com/article/20121127/FREE/121129970>Dwyer: Krawcheck, please</a> &raquo;
Union paid $4.8M to members of union chief's family for financial planning, legal services
Regulatory reform and protecting independent contractor reps also big.
Finra wants to tighten up its arbitration procedure. For starters, the self-regulator aims to bar hedgies and mutal fund executives from panels.
Politics trumps logic, basic math in Capitol Hill cat fight
Allegedly tipped girlfriend, business partner about M&A deals
To start scrapping savings incentives would undermine the foundation of our retirement system, risking wider damage
