Finra is spending hundreds of thousands of dollars this year to lobby Congress to authorize a self-regulatory organization for investment advisers — a role that it would like to fill itself
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to authorize payments to him and his law firm of $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Mr. Madoff's arrest
Hughes Hubbard & Reed LLP were paid $19.2 million in fees and $284,451 for expenses from June 1 through Sept. 30. High fees in the liquidations of the Lehman brokerage, and of the jailed Ponzi-scheme operator Bernard Madoff's firm, might deplete the $2.5 billion fund of the Securities Investor Protection Corp., an audit found.
John Hancock's new fiduciary program for high-end advisers beats coming regulation to the punch
Scrutiny over whether broker-dealer representatives are employees or independent contractors is heating up again in California as a bill works its way through the state Legislature that would punish firms for willful misclassification
The SEC's action last week in setting new deadlines for midsize financial advisers' switch to state registration should assuage many about the lack of a clear timetable
The Ohio Division of Securities issued a notice that it intends to file a cease-and-desist order against a banned broker who allegedly continued to act as an investment adviser
Report indicates nearly 50 have bolted since firm has zeroed in on stability, liquidity of fund firms
MF Global boss received no favoritism, regulator's CEO says; decision 'never bubbled up' to senior management
Allegations of document destruction is latest in long list of complaints about Commission
Small B-D in Georgia ceases operations; sold $215K of preferred stock in Provident private placement
An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
Looks like clear sailing for Aguilar, Gallagher; same can't be said for implementation of financial reforms
The Securities and Exchange Commission staff member who coordinated its study of a universal fiduciary duty for retail investment advice said last Monday that a follow-up regulation won't come until later in the year
The firm is seeking $344K from the ex-broker - and current Hamilton County, Ohio trustee - for alleged 'unauthorized withdrawals' from a client's account.
Newbridge Securities to pay $850,000 as part of class action settlement
