Finra alleged that a broker bought reverse convertible notes for 21 mostly elderly customers
The Securities and Exchange Commission appears likely to pursue more cases administratively as a result of a federal judge's decision last week to reject a $285 million settlement with Citigroup Inc.
Citigroup Inc.'s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn't been given enough facts to approve it.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
Critics claim more transparency needed to prevent future fiascos; no 'scalps on the wall'
The Labor Department has finalized a rule aimed at deterring financial advisers from receiving additional compensation based on the funds they choose for retirement plans
The Labor Department and the SEC agree on fee disclosures.
It didn't take long for Daniel Gallagher, the SEC's newest commissioner, to disagree with the agency's chairman, Mary Schapiro.
Commission asks Congress for powers to handle cases administratively; no risk of consent agreements
Judge rejected initial $285M deal; money only place for 'any latitude'
Rakoff seems skeptical of deal with SEC; down this path before
Good news for advisers, but influential pol also plans to defend Dodd-Frank in his final days in office
On Wall Street, fortunes can be made and lost over the course of a trading day, and firms such as MF Global can collapse in a week
Stiefel Labs accused of repurchasing shares without disclosing true value of the firm — or its imminent sale to pharma giant; charges denied
Industry groups want the SEC to review and possibly eliminate many of its regulations — including self-regulatory-organization rules.
Recent market volatility is prompting Congress to examine the role ETFs may play in the gyrations. At the same time, ETF vendors are squabbling over the best way to dampen the risks arising from the popular funds.
Allege legitimate claims disallowed while trustees rake in excessive charges; 'customer is always shorted'
