Changes are expected as Finra considers its controversial broker-comp rule this week. Industry watchers say wirehouses are largely backing a recruiting incentive regulation but IBDs oppose it.
As the Department of Labor readies to re-propose its fiduciary-duty rule, lobbying surrounding the issue intensifies. Did the Financial Services Institute Inc. draft an opposition letter signed by lawmakers? Probably; but that's not a scandal. That's business as usual in Washington.
The brokerage giant was accused of violating federal securities laws in underwriting and selling Lehman securities to investors, who claimed that offering materials contained misleading information about Lehman's financial condition.
But critics say one-stop shop a bad policy
Mass. regulator hits IBDs with new sanctions over nontraded REITs.
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
Ripple effect could be felt, making advice business 'a healthier place.'
Wall Street's self-regulator is looking into whether research analysts are participating in pitches to win business underwriting initial public offerings.
Defined as spouses for benefits; based on where married, not where living.
The central bank has opted for a “seat of the pants” way of handling policy, according to the Doubeline executive.
The charges are the agency's first under Rule 38a-1(c) of the Investment Company Act.
Advisers watching for clues on the federal budget, debt ceiling, tax policy.
Trade group calls for review of B-D and exchange regulatory structures.
Warning on eve of new regulations allowing more investors access.
