One by one, the groups representing constituencies in the financial services industry have trooped into meetings with SEC officials to present their arguments about whether the commission should promulgate a regulation imposing a universal standard of care for retail investment advice
Securities and Exchange Commission member Troy A. Paredes delivered remarks at the Securities Traders Association's 77th annual conference and business meeting on Sept. 24 in Washington
Steve Rattner in fighting mood, as onetime boss of Quadrangle Group tangles with N.Y. AG
The U.S. Securities and Exchange Commission is investigating whether Citigroup Inc. misled investors about the riskiness of some soured debt funds, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Hernandez evaded paying taxes on $8.8M; advised wealthy clients on -- yep -- taxes and offshore trusts
Customers defrauded by Bernard Madoff's Ponzi scheme deserve repayment of as much as $500,000 each, even if they took out more than they put into his investment business, a lawyer argued today to an appeals court.
Warren Buffett's Berkshire Hathaway Inc. sold stakes in Home Depot Inc. and CarMax Inc. and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company's cash holdings.
Proxy proposals seeking to shed more light on the Financial Industry Regulatory Authority Inc. have emerged as a hot-button issue in the self-regulator's election for seven open board seats.
An unfair regulatory system is hurting small brokerage firms and needs to be changed, according to candidates running for seats on the board of the Financial Industry Regulatory Authority Inc.
Rhonda Breard, Washington state adviser – and local celebrity – accused of stealing $8M from clients
B-Ds' account statements come under scrutiny; further guidance from regulator possible
Industry group cobbling together best practices for private placements; sponsor-supplied reports not sufficient
A little-known provision within the Dodd-Frank law gives the Securities and Exchange Commission the power to remove mandatory-arbitration language from client-broker agreements, which could expose broker-dealers to huge costs, according to observers
Dozens of plaintiffs suing brokerage firms this month have seen a veritable gusher of multimillion-dollar awards, leaving some plaintiff's attorneys anticipating a continued stream of such arbitration rulings
Montana's commissioner of securities and insurance has sued Securities America Inc. over the sale of failed private placements, making it the second state to target the broker-dealer for selling the risky investments.
Proposed change to ERISA expands fiduciary duty to include brokers who advise pension plans
The Republican takeover of the House predicted by key pundits next month would have a major impact on legislation related to retirement plans and the firms that manage their money — but only measures with broad bipartisan support are likely to become law.
Five years before a series of Medical Capital Holdings Inc. private placements disintegrated — wiping out $1.1 billion in investor cash — securities regulators were already concerned about the lack of audited financial information for the deals.
Finra tells Peak Securities to pay $400K to settle a claim over a private placement sale for Medical Capital. The kicker: hundreds more complaints loom as irate investors look to recoup losses from questionable Reg D offerings
Claim provision was written by litigators who don't want the law to work; 'disqualification office'
