Finra has walloped five firms for overcharging for postage and handling with almost $1 million in fines.
In a much-awaited decision, the Supreme Court last week ruled in favor of the mutual fund industry in a case involving a company's responsibility for statements made in prospectuses, eliciting a huge sigh of relief from fund companies, broker-dealers and others involved in selling mutual funds
Finra's proposal with the SEC to register operations staff has not gone over big in the adviser community. Here's why.
Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming that they fraudulently sold coverage to some 119 church members
Says brokerage unit put conservative clients in unsuitable instruments; bank must pony up nearly $2M in reimbursements
Sources say UBS' $2B trading loss may have been caused by an employee's failure to hedge the currency risks of an exchange-traded fund. If so, expect heightened regulatory scrutiny of ETFs.
Last month, Sallie Krawcheck was elected to one of three large-firm governor's seats at Finra. There's just one hitch. Now that Krawcheck no longer works for BofA, she must quickly find a job at a large firm — or give up the seat.
Aristocracy of banking would have likely gone down the tubes without previously undisclosed Fed money; 'whopping numbers'
Says brokerage told officials in Wisconsin it would take '15 Enrons' to sink $200M investment; CDOs went bust
Bolanis claims Christopher Sargent was putting elderly clients in unsuitable investments; Sargent, Wells deny accusations
Finra panel says brokerage stiffed muni trader who was owed years worth of incentive comp
Commission tells JPMorgan securities unit not to do what it told it not to do two times before; third time's the charm?
Both the SEC and Finra have issued an alert about popular structured notes that claim to protect investors' principal. The problem? The notes don't always protect investors' principal.
Municipal-bond dealers failing to adequately disclose the risks of debt they handle should expect more disciplinary action, said Malcolm Northam, senior director of member regulation at the Financial Industry Regulatory Authority.
Michael Oxley, the former congressman who co-wrote the Sarbanes-Oxley Act of 2002, has registered as a lobbyist for Finra to promote its campaign to become the self-regulator of investment advisers
IRS nixes two-year time limit for innocent-spouses to plead their case; rule applies to couples who file jointly
With the Bush tax cuts extended for another two years, the status remains quo on major — and imminent — potential changes in tax law, right?
Financial adviser claimed he was investing money in the Middle East, say prosecutors; long and questionable trail
But these three fund firms would likely take the biggest hit under current proposal
