The latest wrinkle in the fight to preserve existing tax advantages for charitable giving comes one month after a political standoff led to a 16-day government shutdown. Congress has restarted discussions about a long-term deal on debt.
A bitcoin exchange, citing banking and regulatory uncertainty, has suspended trading. But that's not the end of the story as the company sees a silver lining.
Today's Breakfast with Benjamin: Markets brace for big economic data, insider selling at 30-year high, SEC tries to get tough, measuring Fed-speak, and how to behave at the company holiday party. Curated by <i>InvestmentNews</i>' senior columnist Jeff Benjamin
The Securities and Exchange Commission said representatives of two Houston-based advisory firms engineered thousands of so-called principal transactions between client accounts and their affiliated brokerage firms from 2009 to 2011, without obtaining clients' consent or making required disclosures.
Experts see focus on 'anything that's an easy score.'
Plus: Fed taper could hit savers hard, new scrutiny on company stock in K plans, the stocks hedge funds love and Consumer Report's annual "naughty and nice" list. All in today's Breakfast with Benjamin.
Massachusetts securities' regulators fine the brokerage giant $500,000 for failing to stop a rep from defrauding clients.
The House passed Rep. Ann Wagner's bill that would delay and possibly kill the Labor Department's fiduciary rule. Does it stand a chance in the Senate?
SEC enforcement officials said Gregory J. Adams and Larry C. Grossman, both of Sovereign International Asset Management, put most of their clients' money into funds controlled by an asset manager who paid them $4.3 million in commissions. They failed to disclose the conflict of interest, the SEC said.
“There is a cost of overearning in which some of that money gets paid back to the government in fines,” Sallie Krawcheck said Wednesday at The Year Ahead: 2014, a two-day conference sponsored by Bloomberg in Chicago.
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by <i>InvestmentNews</i> senior columnist Jeff Benjamin.
Banned from industry for stealing funds to invest in company, buy condo and pickup
Proposal would boost threshold for registering offerings to $50 million.
Frustrated with slow pace of rulemaking, firm takes the long route, expects more to follow.
Today's Breakfast with Benjamin: Bernanke sees low rates for a long, long time; holiday retailers on the ropes; SAC Capital jury selection; investigating fishy employment data; coal becomes the next tobacco-style villain
Schwab Impact opened with a positive outlook for the economy, but not so positive for the president. "I've never seen a president become a lame duck this early," one forecaster told a ballroom full of advisers. <a href="http://www.investmentnews.com/article/20131108/FREE/131109911">Check out some of the conference's can't miss sessions.</a>
By imposing heavy fines as a way to deter illegal conduct, Massachusetts' securities regulator is making his mark.
Today's Breakfast with Benjamin: The regulator tells the mutual fund industry to stop promising safety and protection. Plus, the QE government bonanza, JPMorgan's Twitter beatdown, SAC Capital trial could go inside the hedge fund.
A longtime securities regulator has been named to lead the Securities and Exchange Commission's inspections of broker-dealers.
