Finra on Tuesday slapped LPL with a $7.5M fine, its largest ever for an email-related case. The brokerage allegedly failed to adequately oversee 28 million electronic messages over a four-year period.
With Mary Jo White at the helm, the SEC will try again at reforming money market funds. The new chairman is keeping her cards close to her chest but the industry is hopeful she'll play a good hand.
The Financial Stability Oversight Council has classified both AIG and Prudential as 'too-big-too-fail.' That's too bad for customers. Here's why.
Instant approval once paperwork is filed, fee is paid.
In an arbitration claim, a former rep at J.P. Morgan says brokers didn't get commissions on trades of nonproprietary funds, including those marketed by Pimco.
The SEC under Mary Jo White floats one small step in money market fund reform with a proposal that would make only institutional prime funds float NAVs. It's a good deal for the likes of Vanguard, Schwab.
If designation holds, firms will be subject to Fed oversight, stricter control
Six big mutual fund companies last week agreed to disclose the daily NAV of their money funds, an unusual show of unity among rivals aimed at heading off the threat of stricter regulation.
In front of mutual fund group, chief regulator says little about revamp.
Consumer Financial Protection Bureau worried about investment scams.
Company agrees to pay $5M to settle the charge; 'clear violation'
Both Dems and Republicans urging new SEC boss to act
SRO offers options on valuing vehicles like nontraded REITS on account statements.
Furey case raises questions about how agency handles internal affairs
Commission says Reg FD applies to social networks the same as it does to web sites
The regulator may seek greater risk, valuation disclosures from banks.
Finra chief says fixed income, structured products demand straight talk to clients.
Disclosure could eventually end era of big bonuses, saving firms a bundle
