DOL, SEC Enforcement: DOL Wins Settlement for Whistleblowers
Meanwhile, the SEC charged a former investment bank analyst who worked in JPMorgan’s San Francisco office with insider trading.
Social Security May Extend Spousal Benefits to Gay Couples
Attorneys in federal suits seeking benefits say the SSA will provide retroactive benefits to the spouses, widows or widowers of same-sex partners.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
Yellen Upbeat on Economy Amid GOP Attacks
Yellen rejects more oversight of Fed as House Republicans criticize her.
Advisor, Race Car Driver Convicted of Bilking NHL Players
A federal jury has convicted an advisor and a part-time race car driver on charges of wire fraud, wire fraud conspiracy and money laundering conspiracy.
Presidential Candidate O’Malley Unleashes Wall Street Crackdown Manifesto
The 10-page manifesto by former Gov. Martin O'Malley of Maryland promises to boost regulators' budgets and punish misbehaving banks more harshly.
Marijuana Investing: Why Advisors Should Just Say No
Advisors can't in good faith recommend an investment that's still illegal, lawyer David Welch says, but they can help position clients for eventual legalization.
DOL Shouldn't Rubber-Stamp Waivers for Guilty Banks, Democrats Say
Sen. Warren and others want DOL to hold a hearing on waivers requested by four megabanks to remain “qualified professional asset managers” despite guilty pleas.
Banks Will Keep Doing FX Stuff That Got Them in Trouble
Every banking scandal brings tension between up-in-arms regulators and banks, who are like, "What? This? We've done this forever. We thought it was fine."
Bank Overseer Lawsky to Depart, After Making New York $6B Richer
Benjamin Lawsky will step down next month as New York’s top bank regulator. He plans to set up a cybersecurity consulting firm.