NASAA worried that legislation could put investors at risk
A reorganization of the SEC's enforcement division is starting to pay off with some high-profile cases, and agency executives promise that many more are in the pipeline
NASAA says current legislation could put investors at risk for fraud; GOP, Dems, White House all back the bill
Herstein worried that easing of rules governing web-based raising of capital will lead to fraud
New York City mayor tells Washington to let Bush tax cuts expire for good of the country
U.S. Representative Barney Frank urged members of the congressional committee charged with reducing the U.S. budget deficit to impose a risk-based fee on large banks with over $50 billion in assets and hedge funds with over $10 billion.
Texas regulators say Byrne ignored order issued in 2005
Shortly before Jack Herstein gave his inaugural address as president of the North American Securities Administrators Association Inc. last week, a House subcommittee concluded a hearing about draft legislation that would authorize one or more self-regulatory organizations for investment advisers
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, has won a small-firm seat on the Financial Industry Regulatory Authority Inc.'s appeals board.
Investment advisers should get set for higher compliance costs — as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.
It was a day of unexpected twists on Capitol Hill. During a congressional hearing today, Securities and Exchange Commission Chairman Mary Schapiro voiced support for a self-regulatory organization to oversee investment advisers. Meanwhile, a leading Republican expressed support for increasing the SEC budget.
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, yesterday began circulating petitions to small broker-dealers in order to get on the ballot for a seat on the National Adjudicatory Council.
Barney Frank says Republican "nickel and diming" of SEC, CFTC "does grave harm."
PCAOB to charge broker-dealers more to monitor firms' auditors
The push for increased oversight of the financial investment and advice industry may have gotten an unexpected boost
Over the past few months, the budget supercommittee has been wrestling with ways to reduce the yawning U.S. deficit. During that time, a key GOP lawmaker has repeatedly said 'failure is not an option' for the bipartisan panel. Apparently, it is.
Joe Paterno's transfer of homeownership to his wife in July most likely wasn't an attempt to shield assets before a sexual-abuse scandal hit Pennsylvania State University's football program
Pandit says panel faces 'true moment of leadership for the U.S.; meanwhile, influential lawmaker says GOP could come around on taxes
