SEC, FINRA Enforcement: More Charged in Football-Related Boiler Room Scheme
In other actions, the SEC charged the CEO of penny stock company CytoGenix, and his so-called business partner, with defrauding investors via false press releases.
SEC Names Flannery Chief Economist
The SEC said Monday that Mark Flannery will become the agency’s new chief economist and director of its Division of Economic and Risk Analysis.
Raymond James Recruits 3 Wirehouse Teams, $875M in Client Assets
Meanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
SEC Enforcement: Golf Buddies Charged in Insider Trading Ring
In other actions, a former New Mexico governor was charged in a microcap scheme.
SEC Enforcement: Missouri Firm Slapped for Fiduciary Duty Breach
Also, the SEC charged five traders with short selling and a school district with misleading bond investors.
Wells Fargo Grabs 8 Advisors With $1 Billion in Assets
Meanwhile, RIAs affiliated with Focus Financial and LPL add reps.
Top 20 States for Private Equity Investment
An analysis by a private equity group ranks states by investment value and number of investments.
New Hire Roundup: Janus Capital Adds Scholes, Alankar
Also in new hires, the SEC announced that Thomas Krysa has been named associate regional director for enforcement in its Denver office.
Are 401(k) Revenue-Sharing Deals on Their Way Out?
About 13% of plans had no form of revenue sharing whatsoever last year, a figure that most expect will only grow.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.