The impasse on Capitol Hill over the federal budget may give more ammunition to proponents of establishing a self-regulatory organization for investment advisers.
Aguilar, Gallagher tipped for relatively painless confirmation process
New report supports assertions that large number of ex-commission employees represent outside clients before the agency
The securities industry wants no part of a Finra proposal to cap at 15% commissions and other fees for outside private placements, claiming that it would prevent small business from raising capital
Truth-in-labeling law comes to medical insurance biz; 'plain English'
Guy de Chimay, who pleaded guilty to running what prosecutors called a $7 million Ponzi scheme that he promoted by claiming his company was linked to Belgian royalty, was sentenced to three to nine years in prison.
Trade associations representing the life insurance industry and agents today applauded New York's passage of life settlement legislation.
Finra wants broker-dealers to disclose the revenue-sharing deals they have with mutual funds
An SEC rule proposal that would raise the net-worth thresholds at which advisers would be allowed to charge performance-based fees would likely cut into the bottom lines of smaller hedge funds, private-equity firms and some registered investment advisers
A Massachusetts federal court judge has quashed a motion by Prudential Insurance Co. of America to dismiss a lawsuit alleging that the insurer had wrongfully held on to veterans' death benefits instead of paying them out in a lump sum
Claim Barriger misused fund's assets and issued false statements about returns
According to sources, the Manhattan DA's office has slapped Goldman Sachs with a subpoena. The district attorney is said to be examining the bank's activities right before the financial meltdown in 2008.
House Republicans last week formally began their effort to roll back parts of the Dodd-Frank financial reform law, with a House Financial Services subcommittee approving several bills that would reverse some of the measure's mandates, including one that requires private fund advisers to register with the Securities and Exchange Commission
Finra hiked its lobbying expenditures in the first quarter of this year
The SEC has hired a former Janus Capital Group Inc. portfolio manager to help oversee the $2.8 trillion money market fund industry, a new position.
For 11 years, John Kinnucan was a stock analyst, digging information out of low-level contacts in the computer industry and selling it to clients.
Money managers are seeing some immediate fallout from the high-profile FBI raids of Wall Street firms in the past week — and that could create a buying opportunity.
Wolin says many investors don't know if they're dealing with an investment adviser or broker
