Compensation for brokers and firm executives would be subject to claw-backs if deemed excessive
The Securities and Exchange Commission is expected to issue new rules regarding broker pay by April, according to a memo obtained by InvestmentNews.
Three reformist small-firm governors elected to the board of the Financial Industry Regulatory Authority Inc. in August already are facing some heat.
House committee seeking more info about Becker's role in investigation of Ponzi king
A group of at least 140 of Bernard Madoff's former investors, including Thomas H. Lee, were sued by a court-appointed trustee seeking to recover fictitious profits they received in the six years before the con man's firm filed for bankruptcy in December 2008.
Financial advisers who live by the maxim “the early bird catches the worm” might want to think twice before getting a head start on making the switch to state registration.
Institutional Shareholder Services Inc., the nation's largest proxy advisory firm, could be forced to revise its business plan if the Labor Department adopts a proposal to expand the definition of “fiduciary.”
Financial advisers are bulking up their resources — and bracing for client complaints — as they prepare for the Jan. 1 deadline to begin complying with new cost basis rules.
Sanders Morris Harris Group Inc., a wealth management broker-dealer that owns Edelman Financial Services LLC, indicated in its quarterly report that regulators have decided to recommend disciplining the company.
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
As the new Dodd-Frank legislation requires, the Securities and Exchange Commission now has six months to study whether a fiduciary standard; a first step in this process is gathering input.
Republican promises to revisit the financial reform law aren't fazing Securities and Exchange Commission Chairman Mary Schapiro.
Judge questions bank's $75M settlement with SEC over subprime disclosure; invisible men?
Hoenig says Dodd-Frank doesn't prevent excessive risk-taking; 'greatest risk to the U.S. economy'
Buddy Donahue -- the 'driving force' behind the SEC proposal on fund fees -- is leaving the agency. The upshot? The final rule may look a whole lot different than the current model.
The U.S. Securities and Exchange Commission said Andrew “Buddy” Donohue will leave the agency in November after serving more than four years as director of the Division of Investment Management.
Tougher regulation in the 401(k) marketplace is driving “401(k) dabblers” out of the plan advisory business, according to an industry executive.
The split in control of Congress means that legislative gridlock will shift the lead on pension issues to executive-branch agencies over next two years, pension industry lobbyists said.
Investment management designation gets approval from the American National Standards Institute
Advocates for imposing a universal fiduciary duty for retail investment advice are questioning both the motives and the timing behind a study released by the Securities Industry and Financial Markets Association that raised concerns about a single standard of care.
