The Securities and Exchange Commission is reviewing the use of financial derivatives by mutual funds, exchange-traded funds and other investments to determine whether new protections are needed for investors.
Federal prosecutors are seeking an eight-year sentence for a Kirkland, Wash., financial adviser who stole more than $12 million from 42 clients.
Schapiro lays out new rules requiring asset-backed issuers to retain five percent of asset-backed securitizers
A former broker with Wells Fargo Advisors of St. Louis has sued the firm for sex discrimination.
Alan Fishman used to drive Wall Street bankers around New York. All the while, he thought he could do what they did. Now, the hedge fund president is facing five years in jail for securities fraud.
The SEC aims to add more enforcement agents and examiners to its hedge fund speciality unit. With 700 hedge shops closing in 2009, there should be shortage of applicants.
A judge has decided prosecutors have enough evidence to try two former Nebraska City brokers accused of defrauding investors out of more than $20 million.
The French bank says it's conducting an internal audit after uncovering 'anomalies' in the account. Clients have been notified.
District judge rejects Fidelity's argument, says fund company employees are covered by Sarbanes-Oxley; ruling 'will increase transparency'
I don't understand the flap about service fees, and think that Blaine F. Aiken was wrong about many of his assumptions and representations (the Fiduciary Corner column “Let's say goodbye to 12(b)-1 fees,” which appeared in the Jan. 18 issue).
A federal judge has refused to grant a mistrial despite signs that a Miami jury is struggling to reach a verdict in the Stanford document shredding case.
The Securities and Exchange Commission will reassess the 12(b)-1 fees collected by brokers as compensation for selling and servicing mutual funds, SEC Chairman Mary Schapiro said today.
Eight U.S. senators want Congress to oppose International Money Fund and World Bank loans to the government of Antigua and Barbuda until that government compensates victims of Stanford Financial Group. Stanford International Bank was located in Antigua.
The Charles Schwab Corp. could be liable for millions in investors' claims over losses to a short-term-bond fund that blew up this year because of its exposure to mortgage-backed securities.
The agency's boss says the securities regulator is examing the actions of several companies in the run-up to the financial crisis
Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.
The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.
