Massachusetts securities cop alleges the firm, part of RCS Capital Corp., fraudulently rounded up proxy votes to support real estate deals sponsored by Nicholas Schorsch's AR Capital.
<i>Breakfast with Benjamin</i>: The NBA star is claiming to have lost $1.1M by being invested in a bankrupt cosmetics company.
Deep in Janus manager's claim is tidbit about fees at Pimco Total Return, the subject of an existing lawsuit.
Commissioner says the agency's recent actions targeting chief compliance officers sends 'troubling message' that leaves them unsure of the extent of their responsibility, especially CCOs at small firms.
Plus, what to expect in 2016 from the SEC on a fiduciary rule and the Labor Department regarding a conflicts rule.
SEC chief says “if at the end of the day, you are depriving retail investors of reliable, reasonably priced advice, you will not have succeeded."
Latest letter threatens to slow the rule-making process while time runs down on the current administration.
At a House subcommittee hearing, legislators grilled David Grim, director of the SEC's Division of Investment Management, about the timing of a potential rule.
$909 million raised is almost as much as the $1.04 billion the firm raised all of last year.
<i>Breakfast with Benjamin</i>: Susan Elizabeth Walker was sentenced to more than seven years in prison for taking over $1 million from clients' accounts.
Robo-adviser, risk assessment and compliance meet on one dashboard.
Measure that would force DOL to halt its efforts until the SEC acts would move to the Senate next, but Obama threatens a veto.
Between 2012-14, expungement was granted in 87.8% of cases in which it was sought, according to the Public Investors Arbitration Bar Association.
The regulator releases its priorities for the new year. Topping the list are firms' compliance culture and conflicts of interest.
Mr. Oxley was chairman of the House Financial Services Committee in the 2000s and promoted a self-regulatory organization for advisers.
<i>Breakfast with Benjamin</i>: The specific things to watch for in today's jobs report that could influence the Fed's decision on interest rates.
Brian Kovack wants to make the organization more effective without antagonizing firms that are doing the right thing
Chairwoman White testifies before Congress about next steps and factors to gauge investor sophistication.
Loss of file and suspend and some spousal benefits could catch near-retirees off guard.
<i>Breakfast with Benjamin:</i> Another debate full of heated clashes &mdash; including with the moderators &mdash; but the candidates who rose to the top were not the usual suspects.
