Claim provision was written by litigators who don't want the law to work; 'disqualification office'
RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator's claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.
Were three awards totaling $25.1M in past two months a coincidence? Some attorneys don't think so
Investment advisers and their clients may want to wait before crafting financial strategies to address the tax relief and spending proposals outlined last week by President Barack Obama.
Investment advisers and their clients may want to wait before crafting financial strategies to address the tax-relief and spending proposals outlined today by President Barack Obama.
Securities and Exchange Commission Chairman Mary Schapiro said her agency is poised to take on the scores of directives mandated by the financial regulatory reform bill President Barack Obama will sign into law Wednesday.
The following are remarks delivered by Securities and Exchange Commission member Elisse B. Walter on Sept. 21 in San Francisco at the SEC's inaugural hearing on the state of the municipal-securities market
State regulators are bracing for an onslaught of investment advisers who will have to register with them for the first time next year
The staunchest opposition to a universal fiduciary standard that would put clients' interests first isn't from securities brokers. It's from insurance agents, comments to the Securities and Exchange Commission show.
U.S. brokerages want to weigh in on how much the Financial Industry Regulatory Authority pays its senior executives and urged the watchdog to hire outsiders to investigate its ties to convicted money manager Bernard Madoff.
The Financial Industry Regulatory Authority Inc. is telling its member firms to vote against a series of proxy proposals put forth by a small California broker-dealer.
Finra panel ruled that the B-D was 'negligent in not preventing' the outside business activities of a former broker
Broker-dealers are browbeating clients to settle arbitration cases by inundating them with requests for discovery information, according to a top state securities regulator.
Market regulators have fined a New York-based brokerage firm $1 million for creating a false sense of demand for stocks that earned it profits.
U.S. regulators said mutual funds aren't telling investors enough about why they use derivatives, with some funds providing “generic” disclosures and others failing to explain how the products affect performance.
Finra's efforts last week to open up its arbitration process have pleased — but not satisfied — critics who claim that the proposal doesn't go far enough to protect investors.
The financial system experiences a crisis “every five to seven years,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told the Financial Crisis Inquiry Commission in January.
