SEC, FINRA Enforcement Roundup: Eli Lilly to Pay $29M to Settle Foreign Bribery Charges
The SEC recently charged Eli Lilly for violations of the FCPA and barred an Arizona-based fund manager from the industry after the fund’s collapse. FINRA ordered Pruco Securities to pay $10.7 million.
Delaware Investments’ ‘Alpha-Ready’ Manager Model Fuels Stellar Growth
Delaware does it different. Fund managers concentrate on generating alpha, little else.
What HNW Familes Can Do Before Taxes Shoot Up
If you had any thoughts of selling your stocks between now and 2017, doing so within the next month may be strongly advisable from a tax point of view, says Wilmington Trust.
Judge Says Greenberg Accusations Against Fed ‘Worthy of an Oliver Stone Movie’
A federal district court judge in New York on Monday dismissed a lawsuit brought by former AIG chief Maurice “Hank” Greenberg against the Federal Reserve Board regarding the Fed's rescue of AIG in 2008.
Taking Sides: Will Wall Street’s Generosity to GOP Continue?
In the 2008 presidential race, Barack Obama had a substantial edge over John McCain in raising money from Wall Street. That advantage has not only evaporated for the president in the current race, but has reversed dramatically.
SEC, FINRA, DOL Enforcement Roundup: Investing Website Exposed as $600M Scam
A CEO who fed inside tips to a pro baseball player and an investment website running a $600 million Ponzi scheme were among those charged by the SEC recently.
20 Best Big Cities for Successful Aging
Far from a list of Florida cities with cheap eats, the Milken Institute rankings tally 78 variables on metropolitan regions, with surprising results.
Genworth Launches Trust Business for Indie Advisors
Advisors worried about losing client assets to corporate trustees seek relationships with firms who will support their primary relationship with clients, says Genworth’s Brad Wheeler.
Patton’s Fund Picks, Pt. 4: TIPS and Mortgage-Backed Funds
In this fourth post on my favorite mutual funds, we take a look at inflation-protected securities and mortgage-backed securities funds.
BDs Beware: Social Media Privacy Laws May Conflict With FINRA Rules
“Legislation that limits access to social media information may pose significant challenges for a large number of broker-dealers,” lawyers from Sutherland Asbill & Brennan wrote in a Law360 article.