Report from Rep. Spencer Bachus outlines the law's impact and says the law has not lived up to the expectations set last year by Treasury Secretary Geithner and congressional Democrats.
Pimco's Bill Gross said U.S. lawmakers "don't get" the long-term implications of deficit reduction even if a resolution is reached to lift the debt ceiling.
Aggregate wagers against the greenback rose for the fourth consecutive week, data from the CFTC show.
U.S. exchange-traded funds took in $56.3 billion for the first half of this year, an increase of more than 50.9% from the first half of 2010.
The bleeding has started at Securities America Inc., as competitors are successfully recruiting reps from the beleaguered broker-dealer.
Finra has warned investors about chasing yield with structured products, junk bonds and floating-rate bank-loan funds.
Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked.
Whistle-blowers can collect as much as 30% of penalties when they report wrongdoing, even when they bypass their internal complaint systems.
Goldman Sachs and Morgan Stanley increased their forecasts for crude-oil prices by more than 20%, signaling a bullish outlook for commodities.
CUSIP Global Services expects a surge in municipal-bond issuance over the next 30 days to 90 days and a global slowdown in the sale of corporate debt because of “market anxiety.”
