SEC Deals Merrill a $425M Wallop; Other Firms Could Be Next
The regulator says the wirehouse failed to safeguard investors' cash and other holdings; other broker-dealers must self-report customer protection violations by Nov. 1.
Silicon Valley’s Audacious Plan to Create a New Stock Exchange
The author of “The Lean Startup” and his team are in early talks with the SEC.
Wall Street’s Alliance Against Hackers
Cybersecurity alarms have brought financial institutions and regulators into common cause
The Fiduciary Standard Is Far From Enough
Above all, the advisory field needs to become more competent, Bob Seawright says.
Advisor Misconduct: How Widespread?
A new study of advisor misconduct is drawing attention to bad behavior in the financial industry — and to itself for what industry players and analysts point to as exaggerations, skewed data and other issues.
RCS Capital, Cetera Settle Poaching Suit With Lightyear
Lightyear, which is buying the Advisor Group from AIG, has agreed not to recruit RCS Capital's senior management through late September.
SEC Charges Wells Fargo, Rhode Island With Fraud in Curt Schilling’s Failed Company
The case concerns $75 million in bonds issued for video game maker 38 Studios by a government entity.
House Bill to Weaken SEC Enforcement Moves Ahead
Bill would let accused parties opt out of SEC proceedings, leaving the regulator to re-file in court or drop charges, Americans for Financial Reform says.
FBI Raids Office of Texas REIT; Trading Halted
Lawyers bearing class action suits are circling the United Development Funding IV REIT.
SEC Seeks Feedback on BD Liquidation Rule
Advisors and others have 60 days to share their thoughts on how failing broker-dealers should be liquidated.