Revisions are a sign of pressure to come on the financial reform package.
Settlement requires him to pay more than $500,000
California Democrat cites stats showing that every year, SEC examines just 9% of the roughly 11,000 RIAs under its purview.
Morningstar reached an agreement with Business Logic, which had filed an intellectual property lawsuit against the research firm.
Business Logic Corp., a managed accounts software firm, is suing Morningstar Inc., claiming the company illegally replicated some of its software
From improperly storing client data to misusing document management systems, here are the top mistakes technology experts see advisers making.
Agency approves rule to throw more candidates into nonpublic pool.
SEC approves Finra background check rule; expanded requirement faces industry pushback but could help firms avoid rogue hires.
Plus: Janet Yellen's dovish optimism, Ernst & Young's $4 million lobbying settlement, how Citigroup agreed on that $7 billion figure, and QE has had almost no impact on unemployment
Patricia Miller promised clients high yields if they went into “investment clubs.”
<i>Breakfast with Benjamin:</i> Barclays tagged for HFT. Plus: A looming 401(k) crisis, the marriage math for gay couples, the fuzzy math of inflation data, tapping into the fracking boom, and Russian stocks are not for the meek.
Thirty-one of 37 brokers at IAA Financial, partly owned by Finra board small firm rep Kevin Carreno, came from firms Finra had expelled.
Agency says Scott Valente convinced 80 investors in upstate New York to turn over $8.8 million in the last four years.
Former SAC Capital Advisors LP hedge fund manager Michael Steinberg was sentenced to three-and-a-half years in prison for insider trading, capping one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.
Five former aides to Bernard Madoff who spent decades working for his firm were found guilty of helping run the biggest Ponzi scheme in U.S. history, a $17.5 billion fraud exposed by the 2008 financial crisis.
Elaborate scheme allegedly included destroying evidence by eating Post-It notes beneath the clock at Grand Central Terminal
Martin Lack admitted that for 17 years he helped U.S. clients maintain secret overseas accounts.
Agency's annual report reveals higher percentage of adviser exams, and priorities for next year.
Ex-employee alleges low-cost fund provider operated as an illegal tax shelter, avoiding about $1 billion in taxes over 10 years
