The former Maxim Group broker allegedly lied to Merrill about his book of business, then purportedly made off with a $780K inducement loan
Indicted financier R. Allen Stanford was sued by a unit of American Express Co. for $115,712.79 in back credit card debt.
Edward Brokaw, a former Deutsche Bank AG broker, was barred from the securities industry for manipulating the price of Monogram Biosciences stock in an effort to enrich a hedge-fund client, himself and his family, the Financial Industry Regulatory Authority said today.
Best-selling author claims lavish compensation rewarded bankers for the wrong things
Revelations about the firms' shadier practices incensed both politicians and the public. Don't count on any indictments being handed out, however
Former Credit Suisse Group AG broker Eric Butler will remain free while a judge reviews a decision that ordered him to prison during the appeal of his conviction for fraudulently selling securities that cost investors more than $1.1 billion in losses.
The Committee for the Fiduciary Standard takes a different tack in its bid to eliminate the broker-dealer exclusion
On Tuesday, Sen. Susan Collins pressed Goldman Sachs on their commitment to their clients. Now, she's planning on filing an amendment to financial reform legislation that would likely extend the fiduciary standard to B-Ds.
Something fishy? The recent uproar over the SEC staff's Internet viewing habits seems like a red herring
Senior members spent hours surfing pornographic websites while the financial system collapsed, an agency watchdog claims
As Senate floor debate on financial-regulatory-reform legislation begins, a key Republican senator plans to offer an amendment on fiduciary standards that could be broader than language contained in a bill that the House passed late last year.
The SEC's announcement last week that it is launching an investigation of the municipal bond market is aimed at increasing transparency and weeding out conflicts of interest.
U.S. regulators face pressure to show they have a grip on stock markets that are increasingly fragmented and dominated by computers after last week's plunge fueled lawmaker concerns about electronic trading.
The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, Federal regulators said Monday.
Geithner and Paulson are testifying at a hearing Thursday of a special panel investigating the crisis and a so-called "shadow" banking system.
Former major leaguers Rondell White and Cliff Floyd have filed a $12.5 million lawsuit in federal court against two New Jersey financial advisers, alleging they lost millions of dollars in a real estate development deal.
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
