Champ replaces Rominger as head of Division of Investment Management
Australian firm claims offerings from TD, Schwab, others violate patent
Brookstone Securities socked by Finra for sale of CMOs to the elderly
The Securities and Exchange Commission lucked out with $136 million in extra funding from Congress this year, but it has to learn to stretch its budget further, according to an agency leader.
In the last 48 hours, Eileen Rominger, the new director of the Division of Investment Management at the Securities and Exchange Commission, has appeared before a congressional committee and addressed an investment advice industry group.
The legal woes of R. Allen Stanford, who was found guilty on 13 of 14 charges of fraud by a Houston jury last week, may be over.
The day after R. Allen Stanford was convicted of operating a $7 billion Ponzi scheme, members of Congress pressed officials of the Securities Investor Protection Corp. to reimburse his victims.
Advisory group designed to counter Wall Street clout; SEC not required to act on recommendations, though
Social media is an incredibly fun and effective way to engage with millions of people online. Along with the excitement, however, is the perceived buzz kill—FINRA and SEC compliance standards.
Opponents and backers of an SRO for investment advisers clashed in front of a Congressional panel on Wednesday. And this was just the first act.
Red light for now, but SRO bill still seen getting greenlighted
Small firms in Massachusetts could be decimiated: Finra cites 'critical need to fill an untenable gap in investor protection'
Commission claims Geringer actually lost millions in trades, duped clients
Survey is the latest in institute's attacks on SEC's proposed reforms
Instead, investment outfit allegedly pressured 64-year-old into cashing out bond portfolio and purchasing equities
Finra to make SRO case; adviser group to cite "substantial costs, bureaucracy"
A jury in Houston found R. Allen Stanford guilty of 13 counts of fraud related to the sale of bogus certificate of deposits. The financier faces up to 20 years in jail for each count.
Finds problematic numerous exemptions for various groups of investment advisers
