Congressional negotiators today approved the most sweeping overhaul of U.S. financial regulation since the Great Depression, reshaping oversight of Wall Street.
Arlen Specter wants to dramatically ratchet up the standard of care required of broker-dealers. Part of that ratcheting up: a possible 25 year jail sentence for B-Ds who willfully violate the tougher standard.
The Financial Industry Regulatory Authority Inc. announced today that it has hit Citigroup Global Markets Inc. with a monetary sanction for supervisory violations relating to its handling of trust funds belonging to cemeteries in two states.
Less than 24 hours after federal prosecutors revised their estimate of Kenneth Ira Starr's alleged theft to at least twice as large as their original figure of $30 million, the financial adviser to the stars denied any wrongdoing in a brief court appearance.
U.S. Attorney Preet Bharara (above) said that investigators were searching Ken Starr's office and are trying to freeze 23 bank accounts as they search for more high-profile victims of the financial adviser, who was arrested for fraud yesterday. <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH&nocache=1&Params=Itemnr=1><b>A-List:</b> A look at Kenneth Starr's famous clients</a>
One of the most manic days in the history of the world markets may have been the result of a typo made by a trader at Citigroup, according to a CNBC report
Just weeks after the departure of Barnaby Grist, Nicholas Georgis unexpectedly rejoins Charles Schwab.
With the addition of David Perez, the Milwaukee-based Baird has now added 24 producers in a little more than three months. More coming?
Federal prosecutors are seeking an eight-year sentence for a Kirkland, Wash., financial adviser who stole more than $12 million from 42 clients.
Jeffrey Hausinger switches firms following allegations that he gave money to Oklahoma Sooners' basketball star Keith “Tiny” Gallon
