PFS Investments Inc. this year has batted away a handful of similar arbitrations stemming from brokers' mismanagement of public pension plans in Florida.
SEC looking at alternative criteria beyond wealth to determine who can invest in private offerings.
Oversight of $3.7T market comes from Dodd-Frank, includes some exemptions.
Wirehouses largely back recruiting incentive regulation but IBDs oppose it.
Former SEC head says,“There is no investment product that is risk-free,” even after the financial meltdown
Deadline for ballots in race between Stephen Hart and Myles Edwards is Monday.
Today's Breakfast with Benjamin: T. Rowe Price warns of correction, Deutsche Bank bans chat rooms, the first-ever hedge fund ad debuts, big banks sweating over the looming Volcker rule, and EU Commission levies heavy fine for rate rigging.
Richard G. Ketchum, chairman and chief executive of Finra, called on brokers to make the fiduciary standard their guideline and not to get bogged down in the legal liabilities associated with it.
State regulators see uptick in actions against RIAs but even though the increase is considered inevitable, it exposes compliance flaws. Bruce Kelly reports.
Chairman Mary Jo White said the agency will review corporate disclosure rules to root out requirements that may be causing “information overload” for investors.
The latest wrinkle in the fight to preserve existing tax advantages for charitable giving comes one month after a political standoff led to a 16-day government shutdown. Congress has restarted discussions about a long-term deal on debt.
A bitcoin exchange, citing banking and regulatory uncertainty, has suspended trading. But that's not the end of the story as the company sees a silver lining.
Today's Breakfast with Benjamin: Markets brace for big economic data, insider selling at 30-year high, SEC tries to get tough, measuring Fed-speak, and how to behave at the company holiday party. Curated by <i>InvestmentNews</i>' senior columnist Jeff Benjamin
The Securities and Exchange Commission said representatives of two Houston-based advisory firms engineered thousands of so-called principal transactions between client accounts and their affiliated brokerage firms from 2009 to 2011, without obtaining clients' consent or making required disclosures.
Experts see focus on 'anything that's an easy score.'
Plus: Fed taper could hit savers hard, new scrutiny on company stock in K plans, the stocks hedge funds love and Consumer Report's annual "naughty and nice" list. All in today's Breakfast with Benjamin.
Massachusetts securities' regulators fine the brokerage giant $500,000 for failing to stop a rep from defrauding clients.
The House passed Rep. Ann Wagner's bill that would delay and possibly kill the Labor Department's fiduciary rule. Does it stand a chance in the Senate?
SEC enforcement officials said Gregory J. Adams and Larry C. Grossman, both of Sovereign International Asset Management, put most of their clients' money into funds controlled by an asset manager who paid them $4.3 million in commissions. They failed to disclose the conflict of interest, the SEC said.
