Although Capitol Hill Republicans have received the most attention for trying to halt work on fiduciary duty regulations, Democrats have also expressed skepticism over the issue.
Advocates for imposing a universal fiduciary duty on anyone providing retail investment advice are stepping up their campaign to urge the SEC to move forward with a rule
One of the strongest advocates for imposing a universal fiduciary duty for retail investment advice is urging a congressional committee to allow the Securities and Exchange Commission to move forward with such a rule.
Commission considering making it easier for investors to get in on Reg D offerings
As per a Senate Republican request, SEC Chairman Mary Schapiro says the commission is analyzing the economic impact of adopting a single standard of care. Such cost-benefit analysis could be the way GOP lawmakers gut a universal fiduciary code.
The tax-exemption provided to investors in U.S. state and local government bonds faces a fresh challenge in Congress, where two senators are pushing a bill that would roll back the subsidy.
A federal judge dismissed a suit claiming brokers are investment advisers because they receive marketing fees. But the decision is likely to be appealed. So what's at stake? A reversal in the decision could cost fund companies billions -- and force brokers to dually register.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to pay him and his law firm $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Madoff's arrest.
The Securities Investor Protection Corp. is taking issue with a warning from the SEC's inspector general that the cost of liquidating the Bernie Madoff firm and Lehman Brothers could deplete SIPC's reserve fund. Those cases won't be a problem, SIPC chief executive Stephen Harbeck said today.
Nearly 100 smaller independent broker-dealers sold TICs -- a real estate investment vehicle -- from an Idaho-based distributor that went bust. Now, a bankruptcy court official is putting the bite on those firms.
A group of “several hundred” former customers of con man Bernard Madoff objected to a request for $34.6 million in legal fees by Irving Picard, the trustee overseeing the Madoff bankruptcy, and his law firm.
David Lerner Associates Inc., a brokerage firm known for its founder's “Take a tip from Poppy” advertising slogan, was accused by the Financial Industry Regulatory Authority of overcharging customers on sales of municipal bonds and mortgage securities.
Ad execs' plan to raise investment funds using social media goes flat as commission steps in
Broker-dealers, get ready. Your back-office operations are now officially on Finra's front burner
But industry participants disagree over which regulator should get the gig; protracted debate expected
As House Republicans begin to move legislation this week that would roll back parts of the Dodd-Frank financial reform law, a prominent Senate Democrat indicated today that he will fight efforts to scuttle or delay implementation.
But uncertainty remains, as latest deal only runs through Friday; commission still facing budget ax
Mutual fund companies are bracing for the expected passage this month of a proposed Securities and Exchange Commission rule that they say would completely undermine their internal compliance processes
Payment to the Bayou State marks third such settlement for the insurer in less than two months
Despite the fact that investors have lost billions of dollars in private placements that have blown up in recent years, the SEC last week said that it is looking to relax rules that regulate the marketing and sale of these offerings
