A Senate committee report will reprimand Credit Suisse Group AG for helping American clients dodge taxes and will criticize the Justice Department for not pursuing offshore banks aggressively enough, according to two people with knowledge of the findings.
A former Merrill Lynch broker already serving a 33-month sentence for securities fraud is back in the hot seat after being indicted for an 18-year Ponzi scheme.
Finra plans to revive a proposal that would require brokers to offer customers easier access to their profile in its BrokerCheck database. It's been modified since the first time the regulator floated it. <i>(See what happened to the <a href="//www.investmentnews.com/article/20130424/FREE/130429972"" target=""_blank"" rel="noopener noreferrer">first plan</a>.)</i>
The SEC's recent whirlwind of regulatory warnings prompts the question of whether it is biting off more than it can chew.
Oversaw growth of investment adviser lobby to 550 firms managing $11T, from 200 firms managing $1T.
Wrap fee accounts, rollovers and dually registered advisers crown list of examination priorities for 2014
Bringing the investor's perspective to Finra's work will add momentum to its tendency to promote the best-interests standard for investment advice.
The SEC chairman seeks a funding boost from Congress to add 250 investment adviser examiners. But she really needs eight times that amount to make a difference.
President Obama's plan takes aim at strategies used by upper-income claimants to increase their benefits.
The Tesla chief wants to get into military satellite launching. Plus, brokers failing to report trouble to Finra, stocks (and Costco earnings) drop, the Citi/Oceanografia plot thinkens, who you should follow on Twitter, and more.
Wells Fargo sought $76,152 from a former broker, but in the end was ordered to pay the adviser more than 10 times that amount .
Proposal would draw a bright line to exclude those with industry ties.
Regulator's chief risk officer says data collection marks a “paradigm shift” in how the regulator conducts examinations.
Breakfast with Benjamin: JPMorgan's Madoff missteps, Prudential's bullishness, ETF inflows' lessons, gold bugs' squashed state and Kraft's Velveeta shortage warning. Plus: pot stocks vs. prison stocks.
Investors and regulators are more tuned in to fraud now than in the days of the big boiler rooms.
People working for the SEC who owned stock in companies under investigation were more likely to sell shares than other investors in the months before the agency announced it was taking enforcement actions, according to a new academic paper.
The Securities and Exchange Commission won an appeals court ruling that may allow it to collect illegal proceeds from money managers who engage in insider trading even when their firms got all the profit.
