Agency claims investment adviser pitched funds as 'immensely' diversifed; turns out they weren't, agency alleges
SEC says Sandra Venetis targeted retirees in long-running fraud; allegedly used money for trips, gambling
Missouri says Otto set up unregistered brokerage to liquidate client accounts; he settled similar charges with SEC this year
Revisions to disclosure form seen as better for investors; could create headaches for advisers, though
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
Plaintiff's attorneys who are suing Morgan Keegan & Co. Inc. over its failed Regions Morgan Keegan Select bond funds are in an uproar about what they claim is the firm's cover-up of embarrassing documents.
Goble barred from securities industry for illegal transaction; co-founded FIA
The Massachusetts Securities Division today filed a complaint against Securities America Inc., charging that the broker-dealer and subsidiary of Ameriprise Financial Inc. misled investors when it sold them private-placement securities.
Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.
A securities industry regulator investigating abuses in mortgage-linked investments has focused on the activities of Morgan Stanley, Barclays PLC and Credit Suisse Group AG, a person with direct knowledge of the matter said.
The Securities and Exchange Commission has proposed eliminating the 12(b)-1 label, instead requiring fund firms to disclose 'marketing and service fees.' Those charges would be capped at 25 basis points.
Review reveals internal marketing materials drew regulator's attention; this year, sales to seniors, private placements on the radar
Selling away is one area where Finra is likely to bring more cases, said Jim Shorris, executive director of enforcement at the regulator
How could a jury convict three ex-traders for selling, and three former executives of a day-trading firm for buying, real-time access to the firm's internal intercoms?
A full decade after first proposing to revamp form ADV Part 2, the Securities and Exchange Commission is set to approve revisions to this key disclosure document this week
Deputy Treasury Secretary Neal Wolin said the reforms would ensure that markets are “creative, competitive … and far less prone to panic and collapse.”
'We expect to move forward quickly,' says Robert Cook, director of the division of trading and markets'; single standard of care ahead?
Congress sent the Dodd-Frank legislation to President Barack Obama Thursday.
The sweeping financial-regulatory-reform legislation that President Barack Obama will sign this week represents anything but closure for Wall Street.
