According to sources, the Manhattan DA's office has slapped Goldman Sachs with a subpoena. The district attorney is said to be examining the bank's activities right before the financial meltdown in 2008.
House Republicans last week formally began their effort to roll back parts of the Dodd-Frank financial reform law, with a House Financial Services subcommittee approving several bills that would reverse some of the measure's mandates, including one that requires private fund advisers to register with the Securities and Exchange Commission
Finra hiked its lobbying expenditures in the first quarter of this year
The SEC has hired a former Janus Capital Group Inc. portfolio manager to help oversee the $2.8 trillion money market fund industry, a new position.
For 11 years, John Kinnucan was a stock analyst, digging information out of low-level contacts in the computer industry and selling it to clients.
Money managers are seeing some immediate fallout from the high-profile FBI raids of Wall Street firms in the past week — and that could create a buying opportunity.
Wolin says many investors don't know if they're dealing with an investment adviser or broker
Based on what Treasury Secretary Timothy Geithner said last week, it seems unlikely that mutual funds are going to be designated as systemically important financial institutions under Dodd-Frank
Proposal would eliminate need to rely on credit ratings provided by S&P, Moody's, et. al; 'much more difficult to police'
Officials in Europe act swiftly to protect banks; 'false market rumors'
Proposal would require broker-dealers to publicly disclose information about shelf space payments from mutual funds
Additional $74M will also enable commission to update computers, hire more inspectors
Law's co-author comfortable with postponement of deadlines — if agencies need more time to gather info
In the give-and-take of congressional budget negotiations, the Securities and Exchange Commission got a little more funding than expected — but not nearly as much as it says it needs to perform its core functions while implementing the Dodd-Frank financial reform law.
With criticism mounting about the lack of disclosure in the municipal bond market, the agency that oversees the sale of muni securities is working on initiatives designed to encourage broker-dealers and issuers to provide more information to investors
Officials at federal agencies scrambling to translate the Dodd-Frank Act into regulations can breathe a little easier if they fall behind, as many of them have
Advertising and marketing are still a prime worry, but the 'death-penalty' is an increasing vexation
Amid the financial crisis of 2008, ratings agencies were villified by press and public alike. But S&P's lowering of its credit rating outlook for Uncle Sam was hailed by some as a crucial step in getting lawmakers to do something about the crushing federal deficit. | <font color = blue>Benjamin: Run on Treasuries a flight to crazy</font>
Barclays Plc, which bought Lehman Brothers Holdings Inc.'s North American business, will get $1.1 billion in trading assets from the trustee liquidating the remnants of Lehman's brokerage, the trustee's lawyer said.
