On Tuesday, Sen. Susan Collins pressed Goldman Sachs on their commitment to their clients. Now, she's planning on filing an amendment to financial reform legislation that would likely extend the fiduciary standard to B-Ds.
Something fishy? The recent uproar over the SEC staff's Internet viewing habits seems like a red herring
Senior members spent hours surfing pornographic websites while the financial system collapsed, an agency watchdog claims
As Senate floor debate on financial-regulatory-reform legislation begins, a key Republican senator plans to offer an amendment on fiduciary standards that could be broader than language contained in a bill that the House passed late last year.
The SEC's announcement last week that it is launching an investigation of the municipal bond market is aimed at increasing transparency and weeding out conflicts of interest.
The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, Federal regulators said Monday.
U.S. regulators face pressure to show they have a grip on stock markets that are increasingly fragmented and dominated by computers after last week's plunge fueled lawmaker concerns about electronic trading.
Geithner and Paulson are testifying at a hearing Thursday of a special panel investigating the crisis and a so-called "shadow" banking system.
Former major leaguers Rondell White and Cliff Floyd have filed a $12.5 million lawsuit in federal court against two New Jersey financial advisers, alleging they lost millions of dollars in a real estate development deal.
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
Investors are nervous about the Greek bailout, but they're nervous for the wrong reasons. Yes, it is possible that other debt-ridden European nations may soon beg for bailouts. But that's just a small part of the story
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
Memo from firm to congressional staff members questioned whether the plan might actually hurt investors
Meanwhile, regulatory fees were up by 10.5% in 2010; overall, regulator posted $55M net profit
A Berkshire director says Warren Buffett is 'not concerned' about his massive investment in the Wall Street giant, despite the stock's recent losses | <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=advisercommunity&plckForumPage=ForumDiscussion&plckDiscussionId=Cat%3a3eccdd60-6dc9-4da5-99ea-8c411eeadc3fForum%3a673a3c8f-4a68-4cb5-8010-611c600b9f0cDiscussion%3a39465fdd-cf5d-4131-b99f-c8abb27559e2>Adviser chatter: Time to buy or sell GS stock?</a>
Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.
Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.
