The Ohio Division of Securities issued a notice that it intends to file a cease-and-desist order against a banned broker who allegedly continued to act as an investment adviser
Scrutiny over whether broker-dealer representatives are employees or independent contractors is heating up again in California as a bill works its way through the state Legislature that would punish firms for willful misclassification
Report indicates nearly 50 have bolted since firm has zeroed in on stability, liquidity of fund firms
MF Global boss received no favoritism, regulator's CEO says; decision 'never bubbled up' to senior management
Allegations of document destruction is latest in long list of complaints about Commission
Small B-D in Georgia ceases operations; sold $215K of preferred stock in Provident private placement
An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
Looks like clear sailing for Aguilar, Gallagher; same can't be said for implementation of financial reforms
The Securities and Exchange Commission staff member who coordinated its study of a universal fiduciary duty for retail investment advice said last Monday that a follow-up regulation won't come until later in the year
The firm is seeking $344K from the ex-broker - and current Hamilton County, Ohio trustee - for alleged 'unauthorized withdrawals' from a client's account.
Newbridge Securities to pay $850,000 as part of class action settlement
Finra has walloped five firms for overcharging for postage and handling with almost $1 million in fines.
In a much-awaited decision, the Supreme Court last week ruled in favor of the mutual fund industry in a case involving a company's responsibility for statements made in prospectuses, eliciting a huge sigh of relief from fund companies, broker-dealers and others involved in selling mutual funds
Finra's proposal with the SEC to register operations staff has not gone over big in the adviser community. Here's why.
Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming that they fraudulently sold coverage to some 119 church members
Says brokerage unit put conservative clients in unsuitable instruments; bank must pony up nearly $2M in reimbursements
Sources say UBS' $2B trading loss may have been caused by an employee's failure to hedge the currency risks of an exchange-traded fund. If so, expect heightened regulatory scrutiny of ETFs.
Last month, Sallie Krawcheck was elected to one of three large-firm governor's seats at Finra. There's just one hitch. Now that Krawcheck no longer works for BofA, she must quickly find a job at a large firm — or give up the seat.
