On Wall Street, fortunes can be made and lost over the course of a trading day, and firms such as MF Global can collapse in a week
Stiefel Labs accused of repurchasing shares without disclosing true value of the firm — or its imminent sale to pharma giant; charges denied
Industry groups want the SEC to review and possibly eliminate many of its regulations — including self-regulatory-organization rules.
Recent market volatility is prompting Congress to examine the role ETFs may play in the gyrations. At the same time, ETF vendors are squabbling over the best way to dampen the risks arising from the popular funds.
Allege legitimate claims disallowed while trustees rake in excessive charges; 'customer is always shorted'
Patrick Cruickshank is one of at least four former Stanford Group Co. financial advisers and executives who may be sued by U.S. securities regulators for fraud, according to the Financial Industry Regulatory Authority Inc. and a lawyer for the brokerage's underwriter.
The Securities and Exchange Commission has started targeting investment advisers who have lied on their registration forms
Surprisingly, an exclusive <i>InvestmentNews</i>poll shows that nearly 40 percent of advisers support the anti-Wall Street movement. But an even larger percentage say nothing will come of the protests.
Peter Schiff, CEO and strategist for Euro Pacific Capital, stopped by the <i>InvestmentNews</i> offices for a chat with Deputy Editor Evan Cooper - and Mr. Schiff offers some pointed views on regulation of brokers and advisers.
Don't expect the SEC's fiduciary proposal this year. According to a Commission insider, ramped-up cost-benefit analysis is gumming up the works. Said the official: 'The time frame certainly has slipped.'
The lack of empirical evidence showing that brokers lead investors into bad investments because they want the commissions from those products is making it a challenge for supporters of a uniform fiduciary duty to convince lawmakers that there is a problem
Bipartisan support is growing in the U.S. Congress for new rules banning insider trading by lawmakers amid concerns about waning trust among the public.
New restrictions on insider-trading by U.S. lawmakers are needed to help lift waning public trust in Congress.
Neuberger Berman Group has put research analyst Fayad Abbasi on paid leave as it looks into insider-trading
The failure of the deficit reduction supercommittee last week all but guarantees that the gridlock over tax reform, including the Bush-era tax cuts, will continue beyond next year's presidential election
Like baseball fans whose team came up short, those hoping for an overhaul of the tax code by the congressional deficit-cutting supercommittee likely will have to wait until next year
200 former employees will be hired to help with liquidation of bankrupt B-D; 'saddened'
Settlement with SEC a distant memory by the time investment adviser oversight issue is settled
The recent fining of three advisory firms by the SEC is only the tip of the iceboard, according to an ex-Commission official. How tough will the crackdown be? Says the lawyer: 'The world is about to change for investment advisers.'
