Massachusetts' top regulator William Galvin has asked Charles Schwab Corp. to be a 'good corporate citizen' by allowing clients to file class actions.
After switch to state regulators, study finds similar deficiencies.
Federal Reserve Chairman Ben S. Bernanke can't be forced to testify in a lawsuit against the U.S. brought by Maurice “Hank” Greenberg over the government's bailout of American International Group Inc., a federal appeals court ruled.
An ex-broker claims his letter to Richard Ketchum led to the resignation weeks later of Finra's Florida regional director. Dan Jamieson reports.
Regulator's report identifies dozens of areas for potential pitfalls
'How can that be in the best interests of the client?' one asks.
SEC chief Mary Jo White says the agency is working on a rule to raise investment advice standards for brokers, but other rules, like crowdfunding, will come first. What gives?
Finra claims the head of a B-D that packages and distributes illiquid equipment-leasing funds misused investor money to pay for personal expenses including remodeling her house.
Value of P.R. muni bonds dropped last month.
Chairman Mary Jo White says the Securities and Exchange Commission will zero in on minor missteps to stop larger violations. The upshot? Look for more enforcement action.
Market experts say investors shouldn't pull their assets out of the market despite the looming debt ceiling debate. But they should be ready for plenty of volatility.
Lawmakers shouldn't risk a default on U.S. debt because the impact would be devastating and the full extent of the damage isn't knowable in advance, said Jamie Dimon of JPMorgan Chase & Co.
The congressional dispute will end “very rapidly,” said BlackRock's CEO Larry Fink
A former star Wedbush Securities broker wins a $4.2 million award against the firm in a case over pre-crisis sales of risky CMOs. It's the second big case the firm has lost in as many years. Bruce Kelly has the story.
'Claimants' lawyers will love it. Defense lawyers will hate it.'
For five years, the Fed has focused on home-grown challenges, including financial turmoil and the recession and surge in unemployment that resulted. The biggest threat to U.S. expansion under its next chairman may lie outside its borders as China and fellow emerging markets show signs of weakening.
