A federal judge yesterday declined to unseal a March 2007 IRS opinion letter that laid out guidelines for the payment the NASD made to member firms following the 2007 merger with the NYSE.
An Omaha investment adviser has been indicted on federal charges accusing him of defrauding investors of more than $500,000, federal prosecutors said Friday.
Prosecutors say a Utah man tried to hire a hit man to kill witnesses in a fraud case against him by dictating a letter from jail by Morse code.
Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from the government, people familiar with the talks told The Associated Press.
A good-government group is asking Congress to rethink the concept of self-regulation.
The Senate this week begins debate on its version of a financial-reform bill.
A bill has been introduced in the Washington state legislature that would double estate taxes for residents.
An Idaho senator says people who have lost money in fraudulent investment schemes should be able to write off more of their state income taxes.
A fund manager accused of cheating investors of more than $100 million has pleaded guilty to fraud charges, admitting he lied to hundreds of investors about the health of his business.
Bank of America fired its top lawyer in December 2008 before its fateful takeover of Merrill Lynch simply to make way for another executive, and not because he had given the company legal advice it didn't want to hear, the Securities and Exchange Commission has said in a court filing.
The president of an Albany investment firm is accused of selling fraudulent securities to investors across the country.
A stalled proposal hammered out last year to permit exchange traded funds to operate without having to obtain individual exemptive orders may finally see the light of day -- and soon.
The SEC voted today to zap short-sales. How? By reviving a Depression-era -- yes, Depression-era -- 'circuit-breaker' rule.
A recent round-table discussion sponsored by <i>InvestmentNews</i> demonstrated that there is still a wide divide between advisory and brokerage groups over establishing a uniform fiduciary standard.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
Here is an edited transcript of the <i>InvestmentNews</i> Regulatory round table, in Washington, Jan. 21.
Finra's board of governors will review allegations that Securities and Exchange Commission Chairman Mary Schapiro — along with other senior Finra executives — received excessive compensation when she was chief executive of the self-regulatory organization for the brokerage industry.
The fate of a lawsuit brought by two brokerage firms against NASD over its 2007 merger with the New York Stock Exchange's regulatory unit could be decided this month.
