State securities regulators cracked down on more investment adviser applications last year after thousands of midsize advisers switched to state oversight from the SEC.
“It's not a game of gotcha,” SEC chairman tells compliance officers.
Many advisers in Massachusetts who moved from SEC oversight to the state last year failed to disclose that they have custody of client assets — a result of poor understanding of custody rules.
One plan would let value of some money funds float, another would impose redemptions.
Di Florio to set up new unit to ID emerging vulnerabilities for investors and markets.
Wing F. Chau, the bond manager who sued Michael Lewis over his depiction in the 2010 book “The Big Short,” was accused by U.S. regulators of violating his fiduciary duty by accommodating requests from Magnetar Capital LLC in managing financial products linked to subprime mortgages.
Back in 2009, regulators predicted that 4,000 investment advisers would shift from SEC regulation to state oversight. They were slightly off.
Five ex-employees of Bernard Madoff on trial accused of aiding his $17 billion fraud seek to “embarrass” Securities and Exchange Commission witnesses by asking about bungled Madoff audits, prosecutors say.
From the upcoming Twitter Inc. IPO to the prospects for the United States becoming energy independent, Dan Veru, chief investment officer at Palisade Capital Management LLC, has an investment angle to share.
Borzi offers few details but says re-proposal will cover brokers selling IRAs.
Finra's fraud allegations cited as Tony Thompson is urged to resign his role with the REIT he runs. <b>Also: <a href="http://www.investmentnews.com/article/20130811/REG/308119973">Details on Finra's initial allegations.</b></a>
Group wants coordination between SEC and DOL on contentious issue.
If it gets through House, Senate passage unlikely but the idea is out there.
More pain for broker-dealers as Finra fines another alternatives specialist. One exec cites the regulator's powerful message on need for supervision and approval processes among alternatives.
The SEC announced its proposal for crowdfunding rules, but advisers remain extremely wary. With a potential vulnerability for fraud and failed investments, will the due diligence required for crowdfunding outweigh its actual benefits?
The fund giant's top executive said the U.S. will have a “very poor” fourth quarter even if lawmakers reach a compromise and extend the nation's borrowing authority.
State claims the site misled investors about earnings potential, contacted them in violation of securities laws.
Chief securities cop Galvin sets up new unit to monitor newfangled funding methods.
