In the middle of a presidential election year, it's natural to focus on the combat for the White House. The real impact of the vote this November, however, will be felt at the regulatory level by the personnel who are appointed by the president and implement financial-services rules.
Supreme Court decision could muddle end of the year wrangling in Congress; which taxes are in, which are out
Firms track 'buy' and 'sell' transactions; with hold recommendations, there's no there there
Jamie Dimon claims the $2B trading loss at JPMorgan came from a credit hedge that morphed 'into something I can't justify,' but Meredith Whitney insists it was a simple proprietary bet all along.
Repo loans would provide a more accurate reading of the cost of borrowing money
Wells Fargo & Co. is ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them, according to a lawsuit.
The Government Accountability Office is calling on the SEC to step up its oversight of Finra, including reviewing the compensation of its executives. The GAO, the investigative arm of Congress, also said that Finra should conduct “retrospective reviews” of its rules to determine whether they are effective.
A strong March for equities and asset-building efforts may have helped some firms stay with SEC registration rather than switch to state oversight.
Thinkorswim users sue TD Ameritrade claiming they could not get through to execute trades in August
The solution being debated by lawmakers has significant flaws and shouldn't be supported.
A drop in stock prices could trigger worker suits over 401(k) plans as investors and sponsors argue over diversification
SRO claims brokerage did not have automated system to flag potential risk for clients
In a congressional hearing last week, witnesses and lawmakers expressed concern about how much it would cost to set up and operate an SRO.
Federal agents searched the Indiana and Ohio offices of two companies owned by an Indianapolis businessman Tuesday, serving warrants a month after a newspaper questioned whether the Ohio firm is capable of repaying some $168 million owed to investors.
