Morgan Stanley, owner of the world's largest brokerage, lost an arbitration ruling that will allow two brokers convicted of securities fraud to each keep $4.45 million in signing bonuses.
The Financial Industry Regulatory Authority Inc. is proposing a rule that would let the regulator demand more frequent financial reporting from its member firms — and as a first step, it wants more details on revenues and expenses.
Seattle celebrity stole nearly $9 million from 38 clients; surrenders three homes and dozens of vehicles
An unexpected visit by an ING Financial auditor uncovered a potential scam at Breard & Associates Wealth Management. Now, infomercial star Rhonda Breard faces fraud charges.
Management isn't convinced it needs the marketing fees to attract assets; 'bang for the buck'?
Advisers are alarmed that a new online reporting system that discloses their disciplinary records includes customer complaints that have not been substantiated.
The guru of federal retirement policy has high hopes for one of his yet-to-be-approved retirement creations: the automatic IRA.
What to do while waiting for the participant advice rule to be finalized.
The Vanguard Group Inc. is alleged to have violated federal law when it refused to hire an black applicant because of her race, according to a lawsuit filed by the Equal Employment Opportunity Commission.
The controversial CEO is set to become the insurer's longest-serving chief executive officer since the company's near-collapse in 2008
A lawyer in Denver has filed a suit against the Securities and Exchange Commission, demanding the names of the SEC employees who were recently disciplined for viewing pornography on government computers.
Capitalism, the free market no longer at work; making sense of the 'new normal' nearly impossible
In the two days since the Securities and Exchange Commission formally began seeking comment on establishing a fiduciary duty for retail investment advice, more than 70 individuals have submitted statements ranging from one line to several paragraphs.
The SEC must be expecting a whole lot of opinions on whether the agency should revamp the fiduciary standard: the regulator is supersizing its comment period to cope with what's coming
Few historians, market participants or former regulators say they expect the current financial reform bill to put an end to financial crises
Congress is poised to boost significantly funding for the Securities and Exchange Commission so that the agency can fulfill scores of new financial-regulatory-reform responsibilities.
Securities and Exchange Commission Chairman Mary Schapiro told a congressional panel last Tuesday that the SEC is poised to take on the scores of directives mandated by the financial-reform bill that President Barack Obama signed into law on Wednesday.
The Securities and Exchange Commission's adoption last week of new customer disclosure rules was overshadowed by the agency's plan to revamp mutual fund sales charges, but it will have a more immediate impact on investment advisers.
Ex-Wachovia employee sold banking product that didn't exist, pocketed the money, bought zebras, helicopter; sentenced to seven years in jail
Netschi bilked clients out of $80M; Wall Street banker who lost $4M now waiting tables
