American International Group Inc. chief executive Robert H. Benmosche's reported threat to quit two weeks ago — and subsequent pledge to continue his work at AIG — sets the stage for a battle over pay curbs while underscoring the enormous challenges AIG still faces, observers say.
As states propose and pass rules for oversight of life settlement transactions, industry participants wonder just how far the Securities and Exchange Commission will reach into the market to provide uniform guidance on disclosure and broker registration.
Federal regulators voted Wednesday to require companies to reveal more information about how they pay their executives amid a public outcry over compensation.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
The SEC is backpedaling on a proposal that would require advisory firms that deducted fees from client accounts to undergo costly surprise audits.
Opposition is mounting to proposed legislation — which is scheduled for a vote in the House tomorrow — that would harmonize regulations governing broker-dealers and investment advisers.
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a pay proposal put forward Thursday by the Federal Reserve Board.
The Financial Services Institute Inc. is now clamoring for a self-regulatory organization to oversee investment advisers.
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts.
The Securities and Exchange Commission will reopen the comment period for its shareholder director nomination proposal.
Scott DeFife, senior managing director of government affairs at the Securities Industry and Financial Markets Association, is leaving to take a job at the National Restaurant Association.
Before being elected to the Senate, Herb Kohl ran his family's grocery and department store business.
House Financial Services Committee Chairman Barney Frank, D-Mass., gets most of the attention on banking and securities issues, but the committee's second-ranking Democrat, Rep. Paul Kanjorski, is the one handling the issues most important to financial advisers.
Denise Voigt Crawford is fighting the war for the states.
In these nail-biting times, advisers need to know who the big shots are.
Sen. Christopher Dodd has his own reasons for pushing hard for financial services reform next year.
Financial advisers see “Finra” plastered across SEC Chairman Mary Schapiro's forehead, and it makes them nervous.
A leading securities regulator for the lion's share of his career, Finra chairman and chief executive Richard Ketchum is poised to oversee one of the most significant day-to-day changes most registered representatives will ever experience.
J. Mark Iwry is the quarterback of the Obama administration's retirement policy team, but he'll play offense, defense and for the other side when it comes to his mission: to find new ways to help Americans save.
House Financial Markets Committee Chairman Barney Frank, D-Mass., will move to strip a controversial amendment from the Investor Protection Act — which the House Financial Services Committee approved with a 41-28 vote today — that would give Finra power over a quarter of all federally-registered investment advisory firms.
