Alex Brown, a defensive end with the New Orleans Saints, is suing his former team of financial advisers, alleging that they “abused the trust” of the player and his wife.
Critics skewered a new proposal by Finra to bar ex-officials at the SRO from representing clients in disciplinary hearings conducted by the regulator. So what's all the fuss about?
The leading Senate Republican on financial issues won't block the confirmation of two Securities and Exchange Commission nominees, though he will push the agency to conduct economic analyses of financial regulations — a demand that is slowing down the implementation of the Dodd-Frank reform law
If oil is what drives the U.S. economy, than let's put the real powers-that-be in the driver's seat
Regulators said to be concerned about funds not truly tracking underlying indexes, as well as vulnerability to short sales
As the financial advisory industry continues to evolve, more investment professionals and firms are embracing the hybrid registered investment adviser model.
Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies and clearing firms.
Finra-crafted rule creates new license for administrative personnel; exam mandated
Depreciation schedule on the President's radar; aviation industry feeling 'singled out'
Finra's variable annuity suitability rule should be old news to broker-dealers, but firms that want to steer clear of an arbitration land mine ought to review their procedures.
A petition signed by about 5,200 financial planners has been delivered to the Securities and Exchange Commission, urging it to impose a universal fiduciary duty on anyone providing retail investment advice
Raymond James Financial Inc. could face a loss of $25 million to $50 million if it has to buy back distressed auction-rate securities from clients immediately
SEC chairman Mary Schapiro told House lawmakers that the agency's system for leasing space had “significant flaws,” and that the federal General Services Administration will likely take over that role
Finra yesterday began surveying registered representatives and principals about their job functions as a first step in updating qualification exams.
Just as financial advisers are embracing alternative investments as a way to generate income for clients, their chief regulator is warning them of the perils of one such type of offering: structured products
Finra is spending hundreds of thousands of dollars this year to lobby Congress to authorize a self-regulatory organization for investment advisers — a role that it would like to fill itself
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
