“There is a cost of overearning in which some of that money gets paid back to the government in fines,” Sallie Krawcheck said Wednesday at The Year Ahead: 2014, a two-day conference sponsored by Bloomberg in Chicago.
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by <i>InvestmentNews</i> senior columnist Jeff Benjamin.
Banned from industry for stealing funds to invest in company, buy condo and pickup
Proposal would boost threshold for registering offerings to $50 million.
Frustrated with slow pace of rulemaking, firm takes the long route, expects more to follow.
Today's Breakfast with Benjamin: Bernanke sees low rates for a long, long time; holiday retailers on the ropes; SAC Capital jury selection; investigating fishy employment data; coal becomes the next tobacco-style villain
Schwab Impact opened with a positive outlook for the economy, but not so positive for the president. "I've never seen a president become a lame duck this early," one forecaster told a ballroom full of advisers. <a href="http://www.investmentnews.com/article/20131108/FREE/131109911">Check out some of the conference's can't miss sessions.</a>
By imposing heavy fines as a way to deter illegal conduct, Massachusetts' securities regulator is making his mark.
Today's Breakfast with Benjamin: The regulator tells the mutual fund industry to stop promising safety and protection. Plus, the QE government bonanza, JPMorgan's Twitter beatdown, SAC Capital trial could go inside the hedge fund.
A longtime securities regulator has been named to lead the Securities and Exchange Commission's inspections of broker-dealers.
The largest U.S. bank by assets is weighing whether to ban traders from using electronic chat rooms to communicate with peers at other firms as the forums draw scrutiny from global regulators.
The complaint alleges self-dealing, excessive fees in managing the $1 billion plan.
President Barack Obama has threatened to veto a bill that would halt -- or possibly kill -- a Labor Department regulation designed to strengthen investment advice standards for retirement plans. The bill would prohibit the DOL from proposing its regulation until 60 days after the Securities and Exchange Commission has finalized a similar rule to raise standards for brokers providing retail investment advice.
SAC Capital Advisors plans to shut down its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors
“The proposal would completely foreclose broker-dealers from the retirement-planning and investment-planning businesses — businesses in which broker-dealers have served clients for many decades,” wrote Kevin Carroll, SIFMA's managing director and associate general counsel.
Plus: Bitcoin is back with a vengeance, what's up with consumer discretionary stocks, how about BP and Tesla's surprising earnings miss. From <i>InvestmentNews</i> senior columnist Jeff Benjamin.
Insurance and fund executives recount ideas that exceeded regulatory framework
Claimant's lawyer called it the 'most egregious case of churning' he has ever seen
A Goldman economist uncovers a Fed strategy to push tapering out as far as the eye can see. Meanwhile, don't get fooled by all the Twitter IPO hype but take a look at U.S.-listed Chinese stocks. From <i>InvestmentNews</i> senior columnist Jeff Benjamin.
Plus: Goldman shows its softer side to recruit the Millennial market
