In trying to clarify who can give advice to 401(k) plan participants and under what circumstances, the Department of Labor appears to have antagonized just about everybody.
The Dodd-Frank financial-reform law has created the potential for great uncertainty in the investment advisory and financial planning business.
Finra arbitrators have ordered a securities analyst who claims he was wrongfully fired by Rodman & Renshaw LLC in 2006 for attempting to lower a stock rating to pay the broker-dealer $10.7 million in damages.
For the third time this summer, securities industry arbitrators have ordered brokerage units of Raymond James Financial Inc. to return money to clients who brought claims over frozen auction rate securities.
Low trading volume, credit crunch put firms in regulator's sights
The Securities and Exchange Commission is charging two employees at State Street Bank and Trust Co. with misleading investors about their exposure to subprime investments.
Settlement of N.J. suit seen as opening salvo in crackdown on lax disclosure; 'harbinger'
Money manager who saw the mortgage meltdown coming says the central bank boss needs to explain why the Fed didn't
The Securities and Exchange Commission's warning to The Charles Schwab Corp. that it could face civil charges over two fixed-income mutual funds may have a direct effect on current and looming legal actions from investors over losses suffered in the funds.
Money managers are jittery about a provision in the financial-reform law that gives the Securities and Exchange Commission and other federal regulators authority to decide whether their compensation is “excessive.”
As it attempts to crack down on 12(b)-1 fees, the Securities and Exchange Commission is ignoring a raft of mutual fund charges that investors are paying indirectly, critics contend.
It is usually very quiet in Washington in August. But over at the SEC, the late-summer calm has given way to a din as lobbyists battle over the standard of care for investors.
The securities industry is worried that if the SEC imposes a fiduciary standard on retail brokers, they may lose their ability to sell initial public offerings to individual investors.
Suit filed by shareholder over statements made in firm's fund prospectuses could cause 'flood tide of additional securities litigation,' critics claim
On her way out the door, the top White House economist dismissed the notion that American corporations are sitting on nearly $2 trillion of cash because they're wary of how major new laws — and some policies currently under consideration — will affect their businesses.
The Charles Schwab Corp. and Charles Goldman have agreed to meet with a private mediator next month to discuss the former executive vice president's demand for $736,000 in severance pay following his dismissal in 2008 as head of the firm's RIA business.
The state will deposit $100 in a 529 account for any baby born after July 1, to encourage families to start saving for college.
The suit is one of several arising between Edwards and its successor firms and Stifel as a number of Edwards brokers deserted ship in the wake of the 2007 takeover of Edwards by Wachovia Securities LLC.
