House bill likely on fast track; McHenry provision would greenlight online fund-raising
Finra backs off social media regs, also aims to hike transaction fees; Congress extends payroll tax deduction - and a millionaires' tax continues to bounce back after multiple rejections. More on these recent developments and other key happenings on The Hill that will impact financial advisers.
Legislation that would allow companies to raise capital online in increments of up to $10,000 per investor sailed through the House in early November by a 407-17 vote.
State securities regulators sometimes must feel like schoolyard weaklings, constantly being picked on by the bigger guys in the political playgrounds of Washington.
The U.S. Securities and Exchange Commission, facing growing judicial scrutiny over how it resolves enforcement matters, was asked by a federal judge in Milwaukee to provide a “factual predicate” for a proposed settlement with a company accused of accounting fraud.
The SEC is preparing sanctions against Felix Investments LLC over trading of private-company shares, the first action to emerge from a broad investigation of transactions involving non-public startups.
Barney Frank, co-author of the Dodd-Frank financial reforms, will speak at a Goldman Sachs fixed-income sales event today
Lawyer who spotted broker fraud rewarded with five-year probe by regulators who said he failed as a supervisor
Putnam Investments ceo Bob Reynolds today called for the establishment of a regulatory body to approve lifetime-income products.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed charitable-insurance-funding plan.
Commission targets shell companin in bid to curb pump-and-dump schemes
Gallagher says some larger funds should not be subject to new registration rule; Plaze says exemptions will be rare
Convicted in 2005 of looting Tyco International, Dennis Kozlowski now participates in a work-release program where he works as a financial consultant for a non-profit organization that helps ex-convicts.
Citigroup Inc. and the U.S. Securities and Exchange Commission won a delay in the trial of a lawsuit the agency brought against the bank while an appeals court considers a judge's refusal to approve their $285 million settlement.
