SEC claims broker churned accounts of the Sisters of Charity
First Allied Securities Inc., Janney Montgomery Scott LLC and Raymond James Financial Inc. are among a number of broker-dealers preparing for a spike in financial advisers' use of firm-sponsored, fee-based money management programs if brokers are to be held to a fiduciary standard of care.
Lawsuit claims bank and HSBC placed large orders, then withdrew them
Most registered investment advisers had a solid 2010 — they expanded their businesses, added clients and were even able to bump up their budgets a bit. Their feelings for the future, however, are not quite as fond.
A proposal by Finra to develop a qualifying test for investment advisers has received a cool reception from adviser groups, which claim that it is part a continuing campaign by the regulator to broaden its powers
The number of arbitration claims filed with the Financial Industry Regulatory Authority Inc. seeking repayment of forgivable loans from brokers who quit has more than doubled in the past two years.
The Securities and Exchange Commission is holding off forming several departments required under the Dodd-Frank financial reform law
U.S. financial regulators, working to secure funding needed to implement new responsibilities mandated by the Dodd-Frank Act, are in line to be among the few agencies to benefit from the year's final congressional spending measure.
A leader of Republican efforts to cut government spending and tackle the federal deficit indicated Thursday that he embraces the idea of cutting so-called tax expenditures.
The Financial Industry Regulatory Authority is revamping how it scans for abuses such as insider trading, responding to increased fragmentation of markets, Chief Executive Officer Richard Ketchum said today.
The Securities and Exchange Commission budget would receive a significant boost under a bill proposed on Tuesday by the Senate Appropriations Committee.
Despite grousing from the left, it looks as if Republicans will get pretty much what they want on estate tax policy — if, as expected, Congress approves a bill that would extend all Bush-era tax cuts for two years
Legislation that would extend for two years Bush administration tax cuts for all income levels cleared a Senate hurdle today.
Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
Two former Wachovia Securities brokers tricked dozens of mostly elderly clients into investing in what were supposed to be can't-miss opportunities, only to lose roughly $8 million, according to a lawsuit filed by the Securities and Exchange Commission.
House Democrats may try to amend the estate tax provision of a bill that would extend Bush administration tax cuts for all income levels after the Senate acts on the measure early this week.
Officials at the Securities and Exchange Commission are considering setting limits on computer-trading algorithms — and may choose to require broker-dealers to monitor their orders — in the wake of the May 6 flash crash.
