by
UBS Financial Services has been fined $2.5 million for misleading
investors in its sales of Lehman Brothers structured products in 2008,
according to Finra.
by
Finra announced it has sanctioned
seven individuals and one firm for allegedly selling interests in Medical Capital and Provident Royalties private
placements without proper investigation.
Kenneth T. Robinson pleaded guilty to his role in an insider-trading
scheme spanning 17 years that relied on merger-and-acquisition tips
stolen from law firms.
The sharpest drop in unemployment in more than a quarter century
obscures a simple fact: The jobs market still isn't working for many
Americans.
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.
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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.
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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.
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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.
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Finra has expelled Westlake Village, Calif.-based broker-dealer AIS Financial for failing to enforce anti-money laundering policies.
