Broker-dealers, get ready. Your back-office operations are now officially on Finra's front burner
But industry participants disagree over which regulator should get the gig; protracted debate expected
As House Republicans begin to move legislation this week that would roll back parts of the Dodd-Frank financial reform law, a prominent Senate Democrat indicated today that he will fight efforts to scuttle or delay implementation.
But uncertainty remains, as latest deal only runs through Friday; commission still facing budget ax
Mutual fund companies are bracing for the expected passage this month of a proposed Securities and Exchange Commission rule that they say would completely undermine their internal compliance processes
Payment to the Bayou State marks third such settlement for the insurer in less than two months
Despite the fact that investors have lost billions of dollars in private placements that have blown up in recent years, the SEC last week said that it is looking to relax rules that regulate the marketing and sale of these offerings
The impasse on Capitol Hill over the federal budget may give more ammunition to proponents of establishing a self-regulatory organization for investment advisers.
Aguilar, Gallagher tipped for relatively painless confirmation process
New report supports assertions that large number of ex-commission employees represent outside clients before the agency
The securities industry wants no part of a Finra proposal to cap at 15% commissions and other fees for outside private placements, claiming that it would prevent small business from raising capital
Truth-in-labeling law comes to medical insurance biz; 'plain English'
Guy de Chimay, who pleaded guilty to running what prosecutors called a $7 million Ponzi scheme that he promoted by claiming his company was linked to Belgian royalty, was sentenced to three to nine years in prison.
Trade associations representing the life insurance industry and agents today applauded New York's passage of life settlement legislation.
Finra wants broker-dealers to disclose the revenue-sharing deals they have with mutual funds
A Massachusetts federal court judge has quashed a motion by Prudential Insurance Co. of America to dismiss a lawsuit alleging that the insurer had wrongfully held on to veterans' death benefits instead of paying them out in a lump sum
An SEC rule proposal that would raise the net-worth thresholds at which advisers would be allowed to charge performance-based fees would likely cut into the bottom lines of smaller hedge funds, private-equity firms and some registered investment advisers
Claim Barriger misused fund's assets and issued false statements about returns
