Home loan giant Wells Fargo & Co. has agreed to pay $11.2 million to settle federal securities charges involving mortgage-based investments that Wachovia Capital Markets LLC sold to the Zuni American Indian tribe and other investors
Officials forced to go virtual rather than show up in person; plenty of glitches
Regulator said James J. Konaxis churned victim's accounts, earning about $550K in commissions. l
National Securities receives notice of imminent enforcement action; scrutiny likely stems from sale of Provident Royalties notes
U.S. millionaires would face an annual income tax increase of at least 10% under a deficit reduction measure proposed by Rep. Jan Schakowsky, R-Ill
Taxpayers still need to file by April 18 — even if federal government's gone fishin'
The mutual fund industry will be one of the targets of more-aggressive enforcement by the SEC, according to experts who spoke last week at an Investment Company Institute conference
Thousands of financial advisers are running late in meeting the SEC's March 31st deadline for submitting their ADV 2 forms, a post-Madoff rule requiring plain English disclosure of their business. Need some quick tips? <i>InvestmentNews'</i> Liz Skinner and others weigh in.
With the Bush tax cuts extended for another two years, wealthy Americans can expect their tax liabilities to remain the same, right?
Although many federally registered advisers were scrambling last week to meet the March 31 filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve
The Labor Department is expected to release distribution guidance aimed at plan participants as they exit defined-contribution plans, according to a well-known employee benefits attorney
Elizabeth Warren, the Obama administration adviser assigned to set up the Consumer Financial Protection Bureau, said that lawmakers looking to limit the agency's authority should focus instead on the Wall Street “behemoths” aiming to undermine its mission
In 2,300 pages of legislation overhauling the U.S. financial regulatory system, there is no section or subsection entitled “mutual funds,” an indication that they were not seen as a primary culprit in the market crisis that shook the economy three years ago.
The shifting of thousands of investment advisers to state regulation is months away, but the Securities and Exchange Commission is busily laying the groundwork for the transition.
The frustration felt by advisers about the growing wave of regulation and failed attempts to influence policy erupted last week at a town-hall-style meeting in Las Vegas.
Although many federally registered advisers were scrambling to meet yesterday's filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve.
