DOL's Borzi says agency looking at third-party payments; not backing off fiduciary update, either
A fervent outcry from a wide range of financial industry groups and bipartisan lawmakers helped persuade the Labor Department to withdraw a proposed rule to expand the definition of “fiduciary” for advisers to retirement plans
Commission on a mission, goes after Chicago firm for allegedly 'grossly exaggerating' assets under management
Three investment advisory firms agreed to pay a total of $262,000 to settle Securities and Exchange Commission allegations that they failed to put in place and implement required compliance procedures.
Employee at fund firm reportedly to be charged this month; traders at two research firms also under investigation
Skowron apologizes for insider trading, saying he had 'slipped into the world of relativism'; slips into an orange jumpsuit in January
NASAA worried that legislation could put investors at risk
A reorganization of the SEC's enforcement division is starting to pay off with some high-profile cases, and agency executives promise that many more are in the pipeline
NASAA says current legislation could put investors at risk for fraud; GOP, Dems, White House all back the bill
Herstein worried that easing of rules governing web-based raising of capital will lead to fraud
New York City mayor tells Washington to let Bush tax cuts expire for good of the country
U.S. Representative Barney Frank urged members of the congressional committee charged with reducing the U.S. budget deficit to impose a risk-based fee on large banks with over $50 billion in assets and hedge funds with over $10 billion.
Texas regulators say Byrne ignored order issued in 2005
Shortly before Jack Herstein gave his inaugural address as president of the North American Securities Administrators Association Inc. last week, a House subcommittee concluded a hearing about draft legislation that would authorize one or more self-regulatory organizations for investment advisers
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, has won a small-firm seat on the Financial Industry Regulatory Authority Inc.'s appeals board.
Investment advisers should get set for higher compliance costs — as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.
