FINRA Mulls Revised Broker Bonus Plan
FINRA plans to consider a revised recruitment practices proposal that looks to omit the controversial retention deal aspect of the original plan.
SEC Creates New Office of Risk Assessment
SEC created new Office of Risk Assessment to help provide data-driven risk assessment tools and models to support a wide range of SEC activities.
Warren Buffett Talks to Senators Sometimes
Warren Buffett spoke to Sen. Orrin Hatch before investing in the Tim Hortons/Burger King deal. This is the sort of conversation legislators should be having.
SEC Enforcement: Balmy Belize No Refuge for Stock Scammers
In another action, a Massachusetts-based biotech company and its former CEO have been charged with defrauding investors
Guidelines for Best Fiduciary Practices Set by Institute
The Institute for the Fiduciary Standard's new whitepaper focuses on the premises and principles that should be the basis for best fiduciary practices.
The Biggest Lie of the New Century
The claim that bank executives did nothing illegal during the financial crisis is simply implausible if not laughable, Barry Ritholtz writes.
FINRA Warns About Investing in Nigeria, Lebanon, Other Frontier Markets
FINRA issued an investor alert, saying these markets have “heightened risks.”
BDs, Trade Groups Team Up to Clarify Murky BD Fees
FINRA, SIFMA and other groups, with LPL and other BDs, have joined forces to develop rules that ensure BDs’ fees are easily understood by investors.
Senate Bill Targets ‘Earnings Stripping’ by Corporate Inverters
“This bill curtails the incentive for companies to use shady accounting gimmicks to avoid paying their U.S. tax obligations," says Sen. Schumer, one sponsor.
SEC Busts Hedge Fund’s Fake Research, Soft Dollar Scam
The SEC charged a Minneapolis-based firm with bilking investors out of more than $1 million using fake research expenses and fees.