Proponents want rule, critics worry about investor protection.
Risks include lack of information, new reporting standards, Abshure says
Approximately 67% of firms either don't have succession plans for their businesses or have plans that are not ready to be implemented. Is your business ready?
SEC chairman Mary Jo White says the agency will review even small trip-ups, but some observers wonder whether it will miss the forest for the trees.
An SEC advisory panel has floated a proposal that would raise investment advice standards for brokers, putting them on par with investment advisers. The proposal is sure to raise some hackles.
“I want to be sure we are looking first at the individual conduct and working out to the entity, rather than starting with the entity as a whole and working in,” SEC Chairman Mary Jo White said.
Wall Street banks, facing a drop in third-quarter trading revenue, are counting on Wednesday's Federal Reserve announcement to spark a surge in volume.
Finra moving inexorably in the direction of emphasizing a fiduciarylike standard.'
Massachusetts' top regulator William Galvin has asked Charles Schwab Corp. to be a 'good corporate citizen' by allowing clients to file class actions.
After switch to state regulators, study finds similar deficiencies.
Federal Reserve Chairman Ben S. Bernanke can't be forced to testify in a lawsuit against the U.S. brought by Maurice “Hank” Greenberg over the government's bailout of American International Group Inc., a federal appeals court ruled.
An ex-broker claims his letter to Richard Ketchum led to the resignation weeks later of Finra's Florida regional director. Dan Jamieson reports.
Regulator's report identifies dozens of areas for potential pitfalls
'How can that be in the best interests of the client?' one asks.
SEC chief Mary Jo White says the agency is working on a rule to raise investment advice standards for brokers, but other rules, like crowdfunding, will come first. What gives?
Finra claims the head of a B-D that packages and distributes illiquid equipment-leasing funds misused investor money to pay for personal expenses including remodeling her house.
Value of P.R. muni bonds dropped last month.
Chairman Mary Jo White says the Securities and Exchange Commission will zero in on minor missteps to stop larger violations. The upshot? Look for more enforcement action.
