Regulation And Legislation

Displaying 10528 results
REGULATION AND LEGISLATION JAN 16, 2012
Finra's Ketchum 'not apologetic' about exam waivers for Corzine

Finra in no way gave special treatment to Jon Corzine, former chief executive of bankrupt MF Global Inc., according to CEO Richard G. Ketchum

By Bruce Kelly
REGULATION AND LEGISLATION JAN 16, 2012
SEC hits radio personality with fraud charges

The SEC last month slapped a financial adviser and radio personality known as “The MoneyMan” with fraud charges after his firm encouraged clients to invest in promissory notes linked to a company with which he was associated

By Darla Mercado
REGULATION AND LEGISLATION JAN 15, 2012
Canada Supreme Court nixes securities regulator

By Dan Jamieson
Consumer Bureau kerfuffle stays off presidential campaign agenda
RETIREMENT PLANNING JAN 13, 2012
Consumer Bureau kerfuffle stays off presidential campaign agenda

Obama's CPFB appointment won't propel Dodd-Frank into GOP debate

By Mark Schoeff Jr.
MetLife must defend lawsuit over retained asset checkbook
LIFE INSURANCE AND ANNUITIES JAN 13, 2012
MetLife must defend lawsuit over retained asset checkbook

MetLife Inc. must defend a lawsuit by the beneficiary of a policy who claimed the insurer paid $302,000 to the wrong person.

By Doug Cubberley
Finra: Claims about Wells REIT lacked foundation
ALTERNATIVES JAN 12, 2012
Finra: Claims about Wells REIT lacked foundation

Regulator fines Wells Real Estate unit $300K for misleading marketing; says distributor claimed Wells Timberland was a REIT when it wasn't

By Bruce Kelly
INDEPENDENT BROKER DEALERS JAN 11, 2012
Watchdog proposes Dodd-Frank standards for B-D audits

Accounting firms would have to consider how much risk their clients take when auditing brokerage firms under rules proposed by the Public Company Accounting Oversight Board.

By Doug Cubberley
640 B-Ds to pay fees for auditor inspections
REGULATION AND LEGISLATION JAN 11, 2012
640 B-Ds to pay fees for auditor inspections

The Public Company Accounting Oversight Board voted today to charge fees on 640 B-Ds to help pay for examinations of their auditors. Non-custodians may get off the hook, though.

By John Goff
Massachusetts charges three advisers with varying flavors of fraud
REGULATION AND LEGISLATION JAN 10, 2012
Massachusetts charges three advisers with varying flavors of fraud

Massachusetts securities regulators filed a trio of actions today against investment advisers who defrauded customers out of millions of dollars

By Liz Skinner
Regulators: $1.2B of MF clients' money still missing
REGULATION AND LEGISLATION JAN 10, 2012
Regulators: $1.2B of MF clients' money still missing

CFTC officials tell Senate panel they're still searching for the failed B-D's funds

By Mark Schoeff Jr.
Corzine sued by ex-MF Global employees over company stock
REGULATION AND LEGISLATION JAN 10, 2012
Corzine sued by ex-MF Global employees over company stock

A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.

By Andrew Osterland
PRACTICE MANAGEMENT JAN 10, 2012
How did Corzine receive a free pass from Finra on exams?

Making it to the top of Goldman Sachs brings wealth, prestige — and apparently a waiver from Finra from taking the broker exams it regularly requires of others in the securities industry

By Mark Schoeff Jr.
REGULATION AND LEGISLATION JAN 06, 2012
Dale Brown: Preparing for DOL fiduciary sequel

If Dale Brown were a movie producer instead of a lobbyist for independent broker-dealers, he might be preparing a sequel.

By Bruce Kelly
REGULATION AND LEGISLATION JAN 06, 2012
New fiduciary rule likely to look a lot like the old one

Schapiro hints at allowing advisers to charge commissions, push proprietary products; 'business-model neutral'

By John Goff
Long winter of waiting, as SRO legislation pushed back until spring
REGULATION AND LEGISLATION JAN 06, 2012
Long winter of waiting, as SRO legislation pushed back until spring

Bachus bill put on the back burner; still gathering responses from industry

By Mark Schoeff Jr.
Securities America reps  see closure in settlement
REGULATION AND LEGISLATION JAN 06, 2012
Securities America reps see closure in settlement

A federal judge's approval this month of a class action settlement is good news for representatives from Securities America Inc. whose disgruntled clients named them in arbitration complaints over sales of private placements that went bust.

By Bruce Kelly
REGULATION AND LEGISLATION JAN 06, 2012
Brokers who filed complaint face uphill fight

The five registered representatives who filed a $36 million arbitration claim against National Financial Services LLC, a giant in the clearing industry and business unit of Fidelity Investments, face a daunting task to win their claim, according to industry attorneys.

By Bloomberg
REGULATION AND LEGISLATION JAN 04, 2012
Spencer Bachus: Ready to listen, fight Dodd-Frank

After regaining the House majority in last year's elections, Republicans haven't been shy about raising their newfound voices.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION JAN 04, 2012
Phyllis Borzi: Her fiduciary fight is far from over

The financial services industry may have thought it notched a win when Assistant Labor Secretary Phyllis Borzi pulled a proposed regulation that would have expanded the definition of “fiduciary” when giving advice to a retirement plan.

By Darla Mercado
REGULATION AND LEGISLATION JAN 04, 2012
Richard Ketchum: A man, a plan, an expansion

Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.

By Dan Jamieson