Pressure likely to be exerted on SEC, Finra, other agencies; 'unprecedented level of congressional oversight'
The U.S. Securities and Exchange Commission banned brokers from letting clients make unsupervised trades on stock exchanges amid concern that a rogue transaction could roil markets.
Commission said to be examing whether HRJ investment firm shifted debt obligations to limited partners
Tate George charged with running $2M Ponzi scheme; made memorable jumper for Huskies in NCAA tournament
Claims Salinas defrauded Lute Olsen, others out of $50M; killed self in July
Mueller pleads guilty to ripping off the Hall of Fame quarterback, 64 other clients; 'he's accepting responsibility'
Next Financial Group Inc. has been hit with a significant regulatory action for the third time in three years, with Finra this month levying a $400,000 fine and $102,000 in restitution to clients.
In yet another sign of the move toward regulatory harmonization, the Financial Industry Regulatory Authority Inc. has asked for input on how to create an ADV-like form for broker-dealers.
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier — at least, not for advocates of financial reform.
The potential for political upheaval on Capitol Hill following the Nov. 2 election has grabbed the attention of many financial interest groups — and has some preparing to change the targets for their advocacy efforts
The U.S. Securities and Exchange Commission is poised to ban brokers from letting clients make unsupervised trades on stock exchanges, as it grows increasingly concerned that a rogue transaction could roil markets
Financial advisers are up in arms about the prospect of Finra's taking over the regulation of investment advisers from the SEC — an idea that has been gaining steam in recent months
Congress returned to work this week with a flurry of statements and posturing by political leaders regarding the soon-to-expire Bush administration tax cuts. The maneuvering likely sets the stage for a pre-election battle, rather than a compromise.
One of the groups meeting with the SEC during the second phase of its study on fiduciary duty believes that the agency is likely to promulgate a regulation imposing a universal standard of care for retail investment advice.
A growing fog of regulation is blurring the line that separates the compliance responsibilities of broker-dealers from those of their clearing firms.
This year, Skip Schweiss, president of TD Ameritrade Trust Co., took on an additional role as managing director of advocacy and industry issues
Sanders Morris Harris facing disciplinary action for alleged violations of securities laws; two ex-employees also named
Group's research indicates commission-based accounts most cost-effective; critic dubs study 'a complete and total waste'
The potential for political upheaval on Capitol Hill following the Nov. 2 election has grabbed the attention of many financial interest groups — and has some preparing to change the targets for their advocacy efforts.
While federal agencies conduct scores of studies and write hundreds of regulations implementing the sweeping Dodd-Frank financial-reform law, investment advisers wait with trepidation
