Amid the economic downturn, 401(k) abuses by plan sponsors are on the rise.
As the House Financial Services Committee this week begins to hash out plans to make President Obama's proposed consumer financial protection agency a reality, state-regulated investment advisers could find themselves under federal jurisdiction.
Draft legislation that would give the Securities and Exchange Commission the authority to require brokers who give investment advice to act as fiduciaries was sent to Capitol Hill today by the Treasury Department.
House Financial Services Committee Chairman Barney Frank, D-Mass., has introduced legislation proposed by President Obama to set up a new Consumer Financial Protection Agency.
Lori Richards, the SEC's first and only director of Compliance Inspections and Examinations plans to leave the SEC after more than two decades, the Securities and Exchange Commission announced today.
The Obama administration sent a 152-page bill to Congress today that would set up a Consumer Financial Protection Agency, a key component of its financial services regulatory reforms.
Highlighting investor concern about the market effects of short selling, more than 3,000 comments have been filed with the Securities and Exchange Commission on proposed changes to the short-sale rule.
Despite the widely held view that indexing is the safest way to invest, not everyone is a proponent.
At the beginning of the year, after it missed cues for seemingly everything from the massive Madoff Ponzi scheme to the credit crisis, the Securities and Exchange Commission was being written off as all but dead.
A Wayland, Mass., money manager settled charges Wednesday with the Securities and Exchange Commission in connection with a multimillion-dollar Ponzi scheme.
