Regulation And Legislation

Displaying 10526 results
REGULATION AND LEGISLATION MAR 06, 2009
Mass. regulator moves on Madoff feeder fund

Massachusetts Secretary of State William Galvin’s securities division asked wants to revoke the license of a brokerage firm which served as a feeder fund for the investment firm of accused swindler Bernard Madoff.

By Bloomberg
REGULATION AND LEGISLATION MAR 05, 2009
SEC settles with 14 firms on trading charges

The Securities and Exchange Commission on Wednesday settled a charge that 14 trading firms cheated customers out of millions of dollars.

By Bloomberg
REGULATION AND LEGISLATION MAR 04, 2009
Audit: Regulators saw red flags at First National

Federal banking regulators knew as far back as 2002 about problems at First National Bank Holding Co.’s banks in Arizona, California and Nevada but failed to act until shortly before their demise last year, auditors said today.

By Bloomberg
REGULATION AND LEGISLATION MAR 04, 2009
Senate to grill UBS official

UBS AG official on Wednesday will face questions from a Senate panel for the first time since the bank acknowledged helping tens of thousands of American clients hide assets from the U.S. government.

By Bloomberg
REGULATION AND LEGISLATION MAR 03, 2009
Mutual fund industry calls for superregulator

The mutual fund industry today called for combining the Securities and Exchange Commission and the Commodity Futures Trading Commission into a one entity.

By Bloomberg
REGULATION AND LEGISLATION MAR 03, 2009
Fed rolls out consumer credit program

The Department of the Treasury and the Federal Reserve today launched a program designed to increase lending to consumers and small businesses.

By Bloomberg
REGULATION AND LEGISLATION MAR 03, 2009
Boston Fed President: Banks must dump toxic assets

Banks need to get rid of toxic assets, Boston Federal Reserve Bank President Eric Rosengren told a group of bankers yesterday in Washington.

By Bloomberg
REGULATION AND LEGISLATION MAR 03, 2009
$138M in ND investments frozen by fraud case

Federal authorities have frozen $138 million in North Dakota's state pension and workers compensation funds, records show.

By Bloomberg
REGULATION AND LEGISLATION MAR 03, 2009
SIPC raises assessment fees on brokerage firms

The Securities Investor Protection Corp. will raise member brokerage firm assessments to 0.25% of net operating revenue. The new rate, up from the current flat $150 per year, is effective April 1.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAR 02, 2009
Ohio names 20 insurers receiving accounting breaks

The Ohio Department of Insurance today released the names of the 20 companies that have raised their surplus levels through approved accounting breaks.

By Bloomberg
REGULATION AND LEGISLATION FEB 27, 2009
Accounting overseers soon may inspect all B-D auditors

The Public Company Accounting Oversight Board may soon have the authority to inspect auditors for all broker-dealer firms, even private ones.

By Bloomberg
RIA NEWS FEB 27, 2009
Two Montana firms accused of securities fraud

A state judge issued a temporary restraining order against two Montana firms accused of bilking seniors out of millions of dollars in a securities fraud scheme.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 26, 2009
Ohio to relax accounting rules for 20 insurers

The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.

By Bloomberg
REGULATION AND LEGISLATION FEB 26, 2009
Analysts united: Citi deal bad for bank stocks

Many analysts and money managers wondered what impact nationalization would have on other bank stocks.

By Bloomberg
REGULATION AND LEGISLATION FEB 25, 2009
Obama begins 'stress tests' of banks

Obama administration begins "stress tests" to gauge the health of America's biggest banks.

By Bloomberg
PRACTICE MANAGEMENT FEB 25, 2009
Major leaguer broke because of Stanford scandal

Scott Eyre, a left-handed relief pitcher with the reigning World Series champion Philadelphia Phillies, has joined the roster of major-league players ensnared by the Stanford Financial scandal.

By Bloomberg
REGULATION AND LEGISLATION FEB 24, 2009
Congressional watchdog slams bailout

In the first watchdog criticism of the Obama administration’s handling of the financial bailout, the head of a congressional oversight panel said the new Treasury Department plan “lacks crucial details,” especially about how it will treat toxic securities held by banks.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 24, 2009
Regulators anticipate new rules for insurers

By Bloomberg
REGULATION AND LEGISLATION FEB 24, 2009
NYSE may allow penny stocks

With many major companies trading in penny-stock territory, the New York Stock Exchange is considering relaxing a rule that requires shares to trade above a dollar.

By Bloomberg
REGULATION AND LEGISLATION FEB 23, 2009
Obama to tap ex-Secret Service agent to oversee stimulus plan

A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.

By Bloomberg