Former SAC Capital Advisors LP portfolio manager Mathew Martoma asked a judge to force the government to turn over evidence that he says can help him beat insider trading charges as his case goes to trial next month.
Sen. Ed Markey, who wrote the legislation that led to the creation of BrokerCheck, is calling for stricter regulator enforcement for <a href="http://www.investmentnews.com/article/20131024/FREE/131029933">brokers who violate securities rules</a> and continue to practice.
Brokers who are the subject of investor arbitration cases can clear their record of any wrongdoing too easily, lawyers say. Research finds that records were erased in 97% of cases settled from May '09 through Dec. '11.
Scorsese film celebrates frat-party side of investment-advice world.
Plus: Asian markets are charging, hitting a year-end financial high note, how to use bond ETFs, Amex gets stung, and apps for getting fit. Check out Breakfast with Benjamin.
San Diego adviser allegedly steered winning trades to favored clients and lied about how money was spent.
Industry bigs expect the SEC to release concept for single standard of care this summer; no such timeline for self-regulator
A review board denies the 82-year-old founder and president of Wedbush Securities' appeal and issues harsher sanctions, increasing the scope of the original suspension and doubling the fine for reporting violations.
Says it would more quickly identify potential red flags signaling misconduct
SEC, other regulators, pass rule after three years of back and forth with Wall Street.
Adviser to the stars Bambi Holzer is facing the wrath of regulators for allegedly lying to one of her former firms when she sold preferred shares of Provident Royalties in 2008. Her BrokerCheck report is one for the ages.
Companies usually keep a low profile when the Securities and Exchange Commission investigates them. Robert DePalo decided to sue.
Finra on Wednesday ordered midsize independent broker-dealer J.P Turner & Co. to pay more than $700,000 in restitution to clients who complained about unsuitable sales of leveraged and inverse exchange-traded funds and excessive mutual fund switching by one registered representative.
Treasuries snapped the biggest advance in a month before the Federal Reserve announces a decision today on whether it will slow asset purchases from $85 billion a month.
There's a 40% to 60% chance that the Federal Reserve will announce a reduction in its asset purchase program tomorrow, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co.
Breakfast (with Benjamin) is served: Dividend ETFs losing luster as rates rise; Bernanke's last stand; nontransparent active ETFs; Obamacare's drag on health care; useless jobless claims data; and global New Year's traditions.
He worked for firm accused of selling $18 million in fraudulent notes to star athletes, including the NFL's Vernon Davis (pictured)
Prospect of regulation by brokers' regulator does not bother existing sites, which have conducted crowdfunding for accredited investors for some time.
A group of eight senators wrote the SEC, saying it was concerned that it was taking so long to write rules to implement part of the JOBS Act that allows small companies to raise capital from investors online.
A new proposed plan to end Detroit's $18 billion bankruptcy would pay bondholders 20 cents on the dollar and give police and firefighters higher pension payouts than other city employees. Now disagreement from both bond insurers and unions is expected to usher in a new, more contentious phase of negotiations.
