SEC to Start Second Round of Cyber Exams, Issues Risk Alert
"All firms should carefully review this alert to see how they would answer these questions," says Brian Rubin of the law firm Sutherland.
FINRA Nabs 10 Reps in Risky Broker Op
FINRA carefully watches broker migration, especially when reps "move in groups from an expelled or high-risk firm to other securities firms," says FINRA's Axelrod.
SEC: 5 Men Fleeced Real Estate Investors to Pay for Strippers, Disneyland
The men told investors they were backing a beachfront property development in Mexico while stealing 97% of their money, the SEC said.
Senate Finance Takes Up Bill to Thwart Tax ID Fraud
The committee plans to mark up a bipartisan bill to help stop identity thieves from fraudulently claiming tax refunds.
Bill Halting DOL Fiduciary Rule to Move Ahead
House Financial Services Chairman Jeb Hensarling says he'll advance Rep. Ann Wagner's Retail Investor Protection Act as it "will stop" the DOL's "misguided" fiduciary rule.
Rep. Wagner Wants Bill to Halt DOL Fiduciary Rule Marked Up by Month-End
"DOL is dug in on this, but I’m pretty dug in, too," Wagner said ahead of a Thursday hearing on her bill.
SEC: ‘Financial Myth Buster’ Dawn Bennett Spun a Myth About Her Firm’s Assets
The host of a radio show, "Financial Myth Busting With Dawn Bennett," and her firm are accused of inflating their AUM.
Outgoing SEC Commish’s Chief of Staff Named to Credit Rating Post
Smeeta Ramarathnam, Luis Aguilar's chief of staff, will work in the Office of Credit Ratings; Commissioner Gallagher plans to leave by Oct. 2.
SEC Fines Bankrate $15M for Accounting Fraud
SEC alleges Bankrate's former CFO, former accounting director and former VP of finance colluded to inflate earnings to meet Wall Street expectations.
Bill Gross: ‘50-50’ Chance of Rate Hike as Jobs Numbers Released
Gross sees a 50-50 chance the Fed will raise rates on Sept. 17, with “China and global conditions” being the “dominant factor.”