Sara Hansard

Sara Hansard
Displaying 196 results
NEWS REGULATION AND LEGISLATION AUG 09, 2009
Bank of America hit with $33M penalty

The Securities and Exchange Commission last week charged Bank of America Corp. with misleading investors about billions of dollars in bonuses that were paid to Merrill Lynch & Co. Inc. executives just before BofA acquired the New York brokerage house in January.

NEWS INDUSTRY NEWS AUG 09, 2009
SIFMA: Surprise audits estimated to cost $200K

A proposal by the Securities and Exchange Commission that would require advisory firms holding custody of client assets to be audited by accountants inspected by the Public Company Accounting Oversight Board would cost each firm an average of $200,000, according to one new estimate.

NEWS REGULATION AND LEGISLATION AUG 09, 2009
Financial industry faces greater scrutiny on pay

Efforts in Congress to toughen restrictions on executive compensation likely would upend pay practices all across the financial services industry.

NEWS INDUSTRY NEWS AUG 04, 2009
Personal savings rate tumbles in June

Americans' personal savings rate slipped to 4.6% in June, from 6.2% the previous month, the Department of Commerce's Bureau of Economic Analysis reported today.

NEWS REGULATION AND LEGISLATION JUL 29, 2009
Surprise! Audits could cost up to $24,000 per pop

If a Securities and Exchange Commission proposal that advisers deducting fees from client accounts conduct annual surprise audits is enacted, such audits could cost as much as $24,000 apiece, some three times the $8,000 estimated by the SEC, according to the Financial Planning Association.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 28, 2009
Experts call for fed involvement in insurance industry - but to different degrees

Members of Congress are being urged to create — at a minimum — a new regulatory body within the federal government to focus on the insurance industry.

NEWS INDUSTRY NEWS JUL 27, 2009
TD Ameritrade: Advisory firms registered with the SEC should be required to do annual custody reviews

Compliance officers at investment advisory firms registered with the SEC should be required to conduct annual custody reviews and to certify those results, according to TD Ameritrade Institutional.

NEWS REGULATION AND LEGISLATION JUL 27, 2009
Compensation reform not aimed at brokers, says Frank

The so-called say-on-pay legislation that the House Financial Services Committee is scheduled to act on tomorrow will apply to top brokerage executives, not stockbrokers, Committee Chairman Barney Frank, D-Mass., said today.

NEWS REGULATION AND LEGISLATION JUL 26, 2009
Fodder for Congress

The effect of stock market volatility on families' retirement savings is just one issue that Congress should be concerned about, according to a report issued July 14 by the Congressional Research Service in Washington.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 26, 2009
ACLI concerned about disability insurance program

The American Council of Life Insurers is worried about efforts to establish a voluntary disability in-surance program.