The U.S. Securities and Exchange Commission is in the "very early
stages" of reviewing rules on trading of shares in closely held firms, SEC Chairman Mary Schapiro said.
by Axel Merk
Economists, as well as Fed Chairman Ben Bernanke, like to tell us that food and energy inflation does not count. But they may be wrong.
The U.S. asked a federal judge to throw out claims that the SEC should be held accountable for failing to stop
an alleged Ponzi scheme by R. Allen Stanford earlier than it did.
by
Trust in financial institutions and advisors is on the rise, but a
growing number of affluent investors appear willing to leave their
current advisors, according to a Northstar/Sullivan...
A former bond trader admitted
he manipulated the prices of mortgage investments to
conceal trading losses, U.S. Attorney Paul Fishman said in a statement.
by
Ray Fazzi
The SEC has filed a civil suit against
two advisors, accusing them of fraudulently steering
$10.3 million in client funds into risky mortgage loans.
by Evan Zall
Advisors should approach social media with cautious optimism.
by
The Securities and Exchange Commission has filed
charges against a Los Angeles-based advisory firm and its president for
fraud involving an ADV filing.
Are you an advisor who is interested in social media, but do not know how to get started?
by
Ray Fazzi
McDermott Will & Emery LLP has recruited a team led by Carlyn S. McCaffrey-a prominent attorney and lecturer-as part of an
expansion of its New York City private client group.
by
Ray Fazzi
Arrests have been made in a "massive" insider-trading scheme that relied on tips from a corporate attorney, according to federal authorities.
Financial
advisors increasingly see moving to an independent firm or working for
themselves as "attractive" options, according to a survey by Fidelity
Investments.
by
The Certified Financial Planner Board of Standards announced it has named Kacy Gott as chair of its Council on Education.
Rep. Paul Ryan's
budget proposal to end traditional Medicare for future generations
would benefit private insurers, whose employees have given him lots of money.
Questions raised by a bankruptcy examiner's report on the September 2008
collapse of Lehman Brothers Holdings Inc. prompted regulators to take a
closer look at oversight of company audits.
by
Finra has expelled Westlake Village, Calif.-based broker-dealer AIS Financial for failing to enforce anti-money laundering policies.
The odds are five out of six, or about 83%, that interest rates will
rise, albeit with breaks and intervals, for the next 20 years,
according to Loomis Sayles vice chairman Dan Fuss...
by
While most Americans value their workplace retirement plans, they seek
more guidance from employers to help them reach their retirement goals,
according to a recent study by ING.
The biggest increase in profits in more than a century is telling
investors that this is no time to sell stocks, even after the Standard
& Poor's 500 Index rallied 97%.
by Clara Shih
Ten tips for financial professionals.
