Former South Florida lawyer Scott Rothstein was sentenced to 50 years in prison for using his law firm to run a $1.2 billion Ponzi scheme that financed a lavish lifestyle, bankrolled his firm and bought political influence.
Cuts for larger companies may be paid for by elimination of deductions for LLPs and LLCs
A Finra arbitration panel has ruled against Société Générale SA and a handful of its affiliates, ordering the bank to pay $61 million to a California-based fund manager.
As Finra recently indicated in its summary of this year's examinations, <a href=http://www.investmentnews.com/article/20111221/FREE/111229981>, 2011 was a very busy year.</a>
The U.S. Securities and Exchange Commission appealed a federal judge's decision to reject its proposed $285 million settlement with Citigroup Inc.
Finra alleged that a broker bought reverse convertible notes for 21 mostly elderly customers
The Securities and Exchange Commission appears likely to pursue more cases administratively as a result of a federal judge's decision last week to reject a $285 million settlement with Citigroup Inc.
Citigroup Inc.'s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn't been given enough facts to approve it.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
Critics claim more transparency needed to prevent future fiascos; no 'scalps on the wall'
The Labor Department has finalized a rule aimed at deterring financial advisers from receiving additional compensation based on the funds they choose for retirement plans
The Labor Department and the SEC agree on fee disclosures.
It didn't take long for Daniel Gallagher, the SEC's newest commissioner, to disagree with the agency's chairman, Mary Schapiro.
Commission asks Congress for powers to handle cases administratively; no risk of consent agreements
Judge rejected initial $285M deal; money only place for 'any latitude'
Rakoff seems skeptical of deal with SEC; down this path before
Good news for advisers, but influential pol also plans to defend Dodd-Frank in his final days in office
