What's Worse Than the SEC's Revolving Door?
The problem: How to get qualified nominees with expertise in areas relevant to regulating capital markets and publicly traded corporate entities to be SEC Commissioners?
Currency Spoofing Is Said to Be in New York’s Crosshairs
Attorney General Schneiderman's office said to be investigating placing of fake foreign-exchange orders, known as "spoofing" or "ghosting."
DOL Fiduciary Rule Is ‘Biggest Change That We’ll Go Through’: Pershing
The real impact of the rule won't be felt immediately, Pershing’s John Brett says, but two to five years after it takes effect.
SIFMA Says Its Cyberattack Drill Was Successful, but More Action Is Needed
Findings from SIFMA's Quantum Dawn 3 cybersecurity testing exercise show progress, but more needs to be done, the Wall Street advocacy group said.
RCS Capital’s Proxy Vote Scandal Ensnaring More Broker-Dealers
Massachusetts regulators say broker-dealer agents may have played a role in two fraudulent proxy voting schemes this year.
SEC Halts Nursing Home Investing Scam
Atlanta businessman falsely promised investors they were investing in specific senior living projects when they also were funding his personal expenses and other businesses.
SEC, FINRA Enforcement: Bob Marley’s Son’s Coffee Company Faces Pump-and-Dump Probe
Meanwhile, Deutsche Bank Securities hit with $1.4M fine for short interest reporting rule violations.
IRS, Treasury Continue Tax Inversion Crackdown
But only legislation “can decisively stop” inversions, Treasury Secretary Jack Lew says.
Schwab, Fidelity Halt Sales of RCS, AR Capital Products, Again
This news follows a recent decision by AR Capital to stop issuing new investment programs starting Jan. 1.
SEC Charges Woman With Ripping Off Immigrant Investors to Go on a Cruise
Lin Zhong of South Florida and her company used money invested by EB-5 immigrants to cover personal expenses, SEC says.