Broker-dealers' sales of structured products, including private-placement notes and reverse convertibles, remain a top concern of state securities regulators, according to Joseph Borg, director of the Alabama Securities Commission.
ETF providers are lobbying for tighter restrictions on market orders as regulators consider additional rules to avert another “flash crash.”
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of U.S. bank failures this year to 72.
Bookkeeping change seen raising expense ratios for AMFs, tilting field in favor of index funds
On July 22, the Securities and Exchange Commission released a report from its Life Settlements Task Force which recommended that the SEC urge Congress to amend federal securities laws to include life settlements as securities.
Despite the protests of life insurance agents and broker-dealers, the Securities and Exchange Commission should decide in favor of a uniform fiduciary standard for all investment professionals, according to the new head of the North American Securities Administrators Association Inc.
Laby says provision must be scrapped if SEC wants to mandate single standard of care: 'It's got to go'
The discount brokerage allegedly let day some traders using borrowed money keep on trading -- even though the value of their holdings fell below regulatory minimums
Broker-dealers are browbeating clients to settle arbitration cases by inundating them with requests for discovery information, according to a top state securities regulator
Faced with withering criticism about pay levels, the Financial Industry Regulatory Authority Inc. last year paid no bonuses to its top executives.
Investors filing claims against brokerages would be able to request public arbitration panels without industry representatives under a proposal Finra announced Tuesday.
Joint task force holds panel discussion with ETF providers, experts
Five leading financial regulators and a Treasury Department official told lawmakers today that their agencies are working together to implement the sweeping financial-regulatory-reform law.
Banks swarm the CFTC in a bid to to blunt new derivatives rules. One official described the campaign as 'unprecedented'
Retail investors should be able to rely on the financial guidance they receive, regardless of whether it's from an investment adviser or a broker, according to the SEC official leading the agency's study of fiduciary duty.
The Securities and Exchange Commission is examining the burgeoning business of financial advisers' selling model portfolios of exchange-traded funds.
Regulator eyes cozy relationship between asset managers and hedgies, PE execs; 'proactive approach'
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
Despite criticism from the brokerage industry, a revamp of 12(b)-1 fees is long overdue
