Regulator cites lack of liquidity and high fees; product sales remain brisk
Regulator wants commissions subtracted right away from value shown on statements; 'pendulum has swung too far'
Regulator prepares proposal after May complaint against David Lerner Associates; time it takes to get market valuations not up to par
Wells Fargo and BNY Mellon — trustees for Medical Capital Holdings — claim that brokers should not have sold the MedCap private placement to clients. Meanwhile, the banks themselves face litigation stemming from the Reg D offering.
In the latest twist in the ongoing saga of Apple REITs sold by David Lerner Associates, plaintiffs claim the B-D used a line of credit and other sources to boost dividend payments beyond what was prudent. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110826&Category=FREE&ArtNo=826009999&Ref=PH>Home prices still plunging in these states</a>
Bond king says governments should look to prime economic pump first, then lower borrowing
Panel must find $1.5 trillion in savings; taxes and entitlements on the table?
A special congressional committee created by last week's debt ceiling legislation is unlikely to have the time or the political will to tackle any meaningful tax reforms
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Labor Department proposal would push back the effective date for retirement plan service providers to begin disclosing fees to Jan. 1, 2012
Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however
A new survey shows investment management firms are spending-much needed capital on beefing up compliance departments -- rather than projects that boost the top line.
Asset management companies say that greater regulatory burdens are inhibiting growth, although the heightened oversight also may be contributing to a boost in hiring, according to a survey released last week
Robert Stinson Jr., 56, pleaded guilty in federal court in Philadelphia to 26 charges, including wire fraud, mail fraud, money laundering and bank fraud.
Frustrated by ongoing funding challenges at the Securities and Exchange Commission, a consumer group has eased its opposition toward establishing a self-regulatory organization for investment adviser oversight.
Washington and New York will be joined by Oxford, Miss., as centers of the investment adviser universe if a group of students from the University of Mississippi law school succeeds in establishing a self-regulatory organization for advisers
SEC Chairman Mary Schapiro said that the agency will issue an initial rule this fall imposing a universal fiduciary duty for anyone providing retail investment advice.
It isn't too often that the financial services industry claims that its regulatory system isn't tough enough, but that is the conclusion that Great-West Retirement Services and Lincoln Trust Co. FSB have made
