By any standard, it was a big loss. A Finra panel on Wednesday not only ordered the brokerage to pay two ex-workers $5.2M in back pay, but tacked on a $5M punitive charge. Now, Merrill is striking back. In a court petition seeking to overturn the ruling, the brokerage claims a panel member has it in for the firm.
Lawmakers who were elected on anti-Wall Street sentiment taking donations from Wall Street giants
GOP garners enough votes to block Administration's proposal; 'not exactly a grand idea'
A lawsuit filed by Igor Olenicoff, who blamed UBS for his failure to disclose about $200M in offshore accounts, has been dismissed
Property magnate Olenicoff claims bank never told him he had to render unto IRS on offshore accounts; 'no one's fault but his own'
Peel and sue? Velvet Underground claims non-profit profiting off use of iconic image from first album
Exchange traded funds will soon undergo more scrutiny on Capitol Hill. Sen. Jack Reed, D-R.I., chairman of the Senate Banking Subcommittee on Securities, Insurance and Investment, indicated that he would follow up on a hearing he held last year on the investment vehicles with another one in coming weeks.
Securities association wants SEC, Finra to revisit restrictions on firms' research of smaller IPOs; states oppose the idea
Highlighting such filings should help the public make more-informed decisions when choosing a financial planner, group says
Commission looking into due diligence performed by brokerages; do you understand what you're selling?
T. Timothy Ryan, president and chief executive of the Securities Industry and Financial Markets Association, said he wants regulators at the Securities and Exchange Commission and the Labor Department to move forward together on creating a single fiduciary standard of care for retail stockbrokers
