Back in 2009, regulators predicted that 4,000 investment advisers would shift from SEC regulation to state oversight. They were slightly off.
Five ex-employees of Bernard Madoff on trial accused of aiding his $17 billion fraud seek to “embarrass” Securities and Exchange Commission witnesses by asking about bungled Madoff audits, prosecutors say.
From the upcoming Twitter Inc. IPO to the prospects for the United States becoming energy independent, Dan Veru, chief investment officer at Palisade Capital Management LLC, has an investment angle to share.
Borzi offers few details but says re-proposal will cover brokers selling IRAs.
Finra's fraud allegations cited as Tony Thompson is urged to resign his role with the REIT he runs. <b>Also: <a href="http://www.investmentnews.com/article/20130811/REG/308119973">Details on Finra's initial allegations.</b></a>
Group wants coordination between SEC and DOL on contentious issue.
If it gets through House, Senate passage unlikely but the idea is out there.
More pain for broker-dealers as Finra fines another alternatives specialist. One exec cites the regulator's powerful message on need for supervision and approval processes among alternatives.
The SEC announced its proposal for crowdfunding rules, but advisers remain extremely wary. With a potential vulnerability for fraud and failed investments, will the due diligence required for crowdfunding outweigh its actual benefits?
The fund giant's top executive said the U.S. will have a “very poor” fourth quarter even if lawmakers reach a compromise and extend the nation's borrowing authority.
State claims the site misled investors about earnings potential, contacted them in violation of securities laws.
Chief securities cop Galvin sets up new unit to monitor newfangled funding methods.
Proponents want rule, critics worry about investor protection.
Risks include lack of information, new reporting standards, Abshure says
Approximately 67% of firms either don't have succession plans for their businesses or have plans that are not ready to be implemented. Is your business ready?
SEC chairman Mary Jo White says the agency will review even small trip-ups, but some observers wonder whether it will miss the forest for the trees.
An SEC advisory panel has floated a proposal that would raise investment advice standards for brokers, putting them on par with investment advisers. The proposal is sure to raise some hackles.
“I want to be sure we are looking first at the individual conduct and working out to the entity, rather than starting with the entity as a whole and working in,” SEC Chairman Mary Jo White said.
Wall Street banks, facing a drop in third-quarter trading revenue, are counting on Wednesday's Federal Reserve announcement to spark a surge in volume.
