Two men who engaged in an eight-year scheme that defrauded investors of $140 million are headed to prison.
Legislation may be introduced this week that would move investment advisers from Securities and Exchange Commission oversight to a self-regulatory organization. Or maybe a bill won't come out until next week or later. No one seems to know for sure – and the House Financial Services Committee won't confirm anything. Whenever it starts to move, the bill would introduce big changes to adviser regulation.
A judge yesterday made the decision about who controls the city garages after Stockton missed a $779,935 payment on lease revenue bonds issued in 2004.
IAA plans 'lobbying day' to convice lawmakers to drop plan; Finra said to be actively pushing for the gig
Claims big losses from partnerships that failed to provide anticipated tax benefits
Agreed to pay $382,000 to resolve claims that he misled investors by touting fake taste tests and sales
Opponents of a pending Department of Labor rule that would increase the standards for investment advice for retirement plans have insisted that the agency conduct a cost-benefit analysis before proposing a regulation. The difficulty the agency faces in satisfying critics was evident at an event in Washington on Tuesday.
Believes Bush tax cuts will not be allowed to expire; 'mother' of uncertainty for investors
Giddens sees large gap between what is owed to customers and what's in the till
Bachus stepping down, Garrett a possible replacement; so what happens to an adviser SRO?
Latest tax data shows metro NYC area paid 1.6% of all individual income taxes; 'most productive'
Landmark court decision approving brokerage arbitration system caught attention of other industries; 'no place to go'
Americans are sick of watching politicians squabble in a capital riven along partisan lines – a sentiment that is reflected by investment advisers.
Study on the price tag of applying fiduciary rule to IRAs shows huge costs, diminished access and service
The Oppenheimer Holdings solicitation allegedly overstated the value of holdings in the Global Resource Private Equity Fund, described in a private placement memorandum as a fund of funds intending to invest in natural resource-related companies.
