Goldman Clearing Arm to Pay $1.8M FINRA Fine Over OATS Violations
Goldman Execution & Clearing was fined for more than eight years of Order Audit Trail System-related failures.
Why Investors Should Buy, Not Sell, Commodity Funds
Despite a recent run of poor performance, broad-based commodity funds can bolster a portfolio in the long term, Direxion's head of alternatives says.
Top Portfolio Products: IndexIQ Launches 3 Hedged ETFs
Barclays partners with Roubini to roll out tradable equity indexes that aim to provide enhanced beta.
Wealthy Americans Spend $13,000 a Year on Vacations: BMO Survey
Many affluent Americans will go on as many as six vacations a year, a BMO survey finds.
SEC’s Gallagher Doubts DOL’s Willingness to Listen
The proposed fiduciary rule is based on a "misguided notion" that fee-based compensation is always superior, the commissioner says.
Tiger 21’s Ultra-Wealthy Members Pile More Money Into Real Estate
Here's where members of the ultra-high-net-worth investing club put their money in the second quarter.
BofA’s Biggest Reshuffling Since Krawcheck’s Exit Keeps Getting Bigger
Days after CFO's high-profile resignation, general counsel Gary Lynch seen as likely to leave his post; wealth chief David Darnell recently announced plans to retire.
Treasury Securities Dealers Accused of Collusion in Lawsuit
Bank of America and Goldman Sachs are among 22 financial companies accused of colluding to rig Treasury securities auctions in a lawsuit filed by investors.
House GOP Tells DOL to Scrap Fiduciary Plan
Lawmakers from the House committee with jurisdiction over DOL accused it of having an “insatiable desire to re-engineer the retirement services industry.”
SEC, FINRA Enforcement: Ex-Oppenheimer Employees Fined in Penny Stock Case
Meanwhile, FINRA fined Global Strategic Investments LLC for suspicious Venezuelan bond activity.