Wells Fargo & Co. is ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them, according to a lawsuit.
The Government Accountability Office is calling on the SEC to step up its oversight of Finra, including reviewing the compensation of its executives. The GAO, the investigative arm of Congress, also said that Finra should conduct “retrospective reviews” of its rules to determine whether they are effective.
A strong March for equities and asset-building efforts may have helped some firms stay with SEC registration rather than switch to state oversight.
Thinkorswim users sue TD Ameritrade claiming they could not get through to execute trades in August
The solution being debated by lawmakers has significant flaws and shouldn't be supported.
A drop in stock prices could trigger worker suits over 401(k) plans as investors and sponsors argue over diversification
SRO claims brokerage did not have automated system to flag potential risk for clients
In a congressional hearing last week, witnesses and lawmakers expressed concern about how much it would cost to set up and operate an SRO.
Federal agents searched the Indiana and Ohio offices of two companies owned by an Indianapolis businessman Tuesday, serving warrants a month after a newspaper questioned whether the Ohio firm is capable of repaying some $168 million owed to investors.
Opponents of Bachus bill claim they're gaining momentum; the Congressman is not backing down, though
SEC, CFTC also said to be investigating bank's big blunder
Investment, tax strategies devised to minimize the bite; 'full employment law for taxpayers'
A bit of advice to SEC Chairman Mary Schapiro, who has made it abundantly clear that she intends to make further changes to regulations governing money market funds: Quit while you are ahead.
Labor Department now shooting to issue proposal during the first half of the year; request for IRA info could gum up the works
Commission was seeking $245M boost in funding, got $50M; vote could bolster SRO backers
