Economic uncertainty and volatile markets are helping scam artists exploit the fear and greed of unsophisticated and often financially vulnerable investors.
FBI raids home of adviser Mark F. Spangler in probe of alleged fraud; served as president of financial advisers association in 1999
The Treasury's Federal Insurance Office yesterday announced that it's looking for public comments — with a special focus on systemic risk — as part of a report on modernizing insurance regulations.
A California appellate court has ordered Wells Fargo Advisors LLC to pay $915,000 in legal fees to Stifel Nicolaus & Co. Inc. and Stifel broker Chris Nielsen
Rep. Spencer Bachus, an Alabama Republican and chairman of the House Finance Committee, is floating legislation that would establish one or more self regulatory organizations to oversee investment advisers; the fiduciary standard hits a snag; and the SEC takes a look at sub-accounts.
Suddenly, selling away is again a big concern for regulators and law enforcement agencies. In recent months, former reps at several marquee B-Ds have been investigated for allegedly peddling unapproved investments on the side. | <b>Extra </b><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009998&Ref=PH>What top RIA execs earn</a>
Finra is continuing to shake up the way broker-dealers show the value of illiquid investments such as non-traded real estate investment trusts and private placements on clients' account statements.
The unfolding drama at Jon Corzine's bankrupt trading outfit could give a serious boost to those who back financial reform, including the establishment of an investment adviser SRO and a universal standard of care.
Removes generators, gasoline cans from OWS site; 'pretext to make the protest less sustainable'
Price of debt servicing will climb considerably after city council sides with Occupy Los Angeles
It appears that convicted hedge fund manager Raj Rajaratnam will be sent to a penal facility known as the 'crown jewel of the federal prison system.' Certainly, the roster of inmates at the prison reads like a Who's Who of financial criminals, including Bernie Madoff, Ponzi artist Samuel Israel, and Adelphia's John Rigas. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111013&Category=FREE&ArtNo=101309997&Ref=PH>Which investment bigs sympathize with Occupy Wall Street -- and which don't?</a>
In a little-noticed but surprising move, the Financial Industry Regulatory Authority Inc. last week withdrew a controversial proposal to revamp its supervisory rules that would have, among other things, required supervision of nonsecurities-related businesses.
The latest scrum over how to boost oversight of financial advisers suggests that independent advisers may have to accept an entirely new self-regulator if they want to avoid coming under Finra's jurisdiction
More so than most other legislation, the 849-page Dodd-Frank Wall Street Reform and Consumer Protection Act reached the president's desk on July 21, 2010, as a work in progress.
Regulator claims outfit never bought single life settlement policy but sold debentures using the firm's name
In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of funds for insurance products
Annuity exam overload, including extra training, could prompt some advisers to limit customer choice.
