Two men who engaged in an eight-year scheme that defrauded investors of $140 million are headed to prison.
Legislation may be introduced this week that would move investment advisers from Securities and Exchange Commission oversight to a self-regulatory organization. Or maybe a bill won't come out until next week or later. No one seems to know for sure – and the House Financial Services Committee won't confirm anything. Whenever it starts to move, the bill would introduce big changes to adviser regulation.
A judge yesterday made the decision about who controls the city garages after Stockton missed a $779,935 payment on lease revenue bonds issued in 2004.
IAA plans 'lobbying day' to convice lawmakers to drop plan; Finra said to be actively pushing for the gig
Claims big losses from partnerships that failed to provide anticipated tax benefits
Agreed to pay $382,000 to resolve claims that he misled investors by touting fake taste tests and sales
Opponents of a pending Department of Labor rule that would increase the standards for investment advice for retirement plans have insisted that the agency conduct a cost-benefit analysis before proposing a regulation. The difficulty the agency faces in satisfying critics was evident at an event in Washington on Tuesday.
Believes Bush tax cuts will not be allowed to expire; 'mother' of uncertainty for investors
Giddens sees large gap between what is owed to customers and what's in the till
Bachus stepping down, Garrett a possible replacement; so what happens to an adviser SRO?
Latest tax data shows metro NYC area paid 1.6% of all individual income taxes; 'most productive'
Landmark court decision approving brokerage arbitration system caught attention of other industries; 'no place to go'
Americans are sick of watching politicians squabble in a capital riven along partisan lines – a sentiment that is reflected by investment advisers.
