Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
Two former Wachovia Securities brokers tricked dozens of mostly elderly clients into investing in what were supposed to be can't-miss opportunities, only to lose roughly $8 million, according to a lawsuit filed by the Securities and Exchange Commission.
House Democrats may try to amend the estate tax provision of a bill that would extend Bush administration tax cuts for all income levels after the Senate acts on the measure early this week.
Officials at the Securities and Exchange Commission are considering setting limits on computer-trading algorithms — and may choose to require broker-dealers to monitor their orders — in the wake of the May 6 flash crash.
Commission aims to beef up reporting requirements for broker-dealers that custody assets
The Securities and Exchange Commission has named Jennifer McHugh, a senior adviser to Chairman Mary Schapiro, the acting director of the Division of Investment Management, replacing Andrew J. “Buddy” Donohue, who left his post on Nov. 19.
Democrats may not be happy with the Administration's plan to revive the levy, but there may not be much they can do about it. Here's how things shake out right now.
<i>The following is an edited transcript of the webcast “<a href=http://www.investmentnews.com/apps/pbcs.dll/dcce?Site=CI&Date=20101026&Module=18&Kategori=webcasts&Class=18&Type=ACTIVE_WEBCAST&ID=2502244&Selected=4>Making the Switch to State RIA Regulation</a>,” held Oct. 26 in New York. It was moderated by news editor Bruce Kelly and reporter Mark Schoeff Jr.
Marovitz allegedly relied on inside info when trading shares in his own brokerage accounts; said to have lost 'substantial sums of money'
JPMorgan Chase & Co., Bernard Madoff's “primary banker,” was sued for $6.4 billion by the trustee liquidating the imprisoned con man's former firm.
Investors are still miffed with the securities industry for the havoc that resulted from the credit crisis. Financial advisers are somehow escaping that wrath.
The Securities and Exchange Commission will have to forge ahead with the dozens of studies and regulations called for in the Dodd-Frank financial reform law without any extra funding until at least early March.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses, Attorney General Eric Holder announced Monday.
These are the following remarks delivered by Securities and Exchange Commission Chairman Mary L. Schapiro as part of the Brodsky Family Fund Lecture Series at Northwestern University School of Law on Nov. 9
President Barack Obama and congressional Republicans kick-started negotiations today at the White House over a possible extension of Bush-era tax cuts that are set to expire Dec. 31.
An Omaha businessman convicted of bilking elderly investors out of millions of dollars wants the Nebraska Supreme Court to reinstate his lawsuit against his business attorney.
The SEC should move with haste to revamp 12(b)-1 fees
The U.S. Labor Department sued four investment firms for allegedly failing to examine swindler Bernard Madoff's business practices before entrusting him with hundreds of millions of dollars in pension funds.
The U.S. Securities and Exchange Commission sued Trivium Capital Management LLC and an executive of Polycom Inc. in a case stemming from the government's Galleon Group LLC insider-trading investigation.
