President Obama today signed into law the $787 billion stimulus bill.
Credit Suisse Securities has been ordered by an arbitration panel to cash out an institutional client that held $400 million in collateralized debt obligations.
Executives at companies receiving federal assistance would face stiffer limits on bonuses and severance under the stimulus bill passed by the House today.
The House this afternoon approved by a vote of 246-183 a $787 billion stimulus bill in the hope that it will help the United States out of the economic crisis.
The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
Legislation aimed at improving disclosure of 401(k) fee information was introduced in the Senate yesterday.
Bernard Madoff began to face the music today.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
