Regulators are clamping down on municipal bond isssuers related to political contributions they or their employees have made in states where they have underwritten bonds
The Financial Industry Regulatory Authority's top executive said federal regulators are “very likely” to force U.S. brokers to meet stricter requirements for acting in the best interests of their clients.
The uniform standard of fiduciary duty called for by the Securities and Exchange Commission staff last week is likely to throw a wrench in the wirehouse business model
The Securities and Exchange Commission has charged a 77 year-old Amish financial adviser with defrauding his fellow Amish in an investment scheme that allegedly went on for 24 years.
Melding the search results of the two systems the public uses to look up information about financial advisers and broker-dealers will make it easier for investors to investigate their financial professionals, according to an SEC staff report released last week
Return to 2008 spending levels likely to hamstring SEC's — and others agencies' — ability to conduct studies, write new regs
In a sign that he wants to appear tough on Wall Street, Manhattan District Attorney Cyrus Vance Jr. said that he will seek harsher penalties, including mandatory prison time, for people convicted of major securities fraud in New York
In a bid to sync up with Dodd-Frank, the Commission plans to hike the net-worth requirement for 'accredited investors.'
The federal commission that investigated the origins of the financial crisis is set to issue three competing conclusions this week
In the name of investor protection, we urge the Securities and Exchange Commission to exercise its rulemaking authority to require brokers to act in their clients' undivided best interests at all times. We are also reiterating our call for the SEC to recommend to Congress that the jurisdiction of the Financial Industry
Private placements require a higher level of scrutiny than listed securities, so advisers need to know who is doing the auditing and whether independent due diligence is being conducted. <i>InvestmentNews</i> News Editor Bruce Kelly explores some of the risks and issues engulfing the industry.
The leader of one of the country's most politically influential business organizations in a speech today criticized what he called a “regulatory tsunami” in Washington that represents the “biggest single challenge to jobs … and the future of American enterprise.”
Goldman Sachs Group Inc. halted an offering of Facebook Inc. shares to U.S. investors on concern that “intense media attention” on the deal may violate rules limiting marketing of private securities.
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
The Texas State Securities Board yesterday appointed Benette L. Zivley as the next Texas securities commissioner.
The Labor Department is poised to issue a regulation that clarifies who is a fiduciary under federal retirement law.
