NAIBD calls commission's insistence that agency cover Stanford losses 'a misfit solution'
Officials at the Securities Investor Protection Corp. are adamant that the agency should not have to cover victims of the R. Allen Stanford's alleged $7 billion Ponzi scheme. The SEC thinks otherwise. This should be one dilly of a court battle.
It doesn't happen very often. But on Wednesday, a Finra panel ordered a pair of investors to pay $75K for bringing 'frivolous' claims against a broker-dealer and one of its reps. The panel also admonished the duo for a 'bad-faith abuse of the Finra arbitration process.'
Author says old strategies don't work in a period of superdeleveraging; bring 'em back out in five years
Virtual database of actions replaces old paper-based system; not a response to BrightScope, spokeswoman says
Purchasing IRA business of Lincoln Trust; larger custodians dumping nontraditional investments
