Enforcement Roundup: Wells Fargo, JPMorgan Slammed Over Mortgage Kickbacks
Meanwhile, the SEC charged a Fort Lauderdale-based advisory fund manager and his firm with running a Ponzi scheme to buy jewelry, cars and a house.
Motif Investing Gets $40M From Chinese Internet Leader Renren
Joe Chen, Renren founder, and Carl Stern, a former Goldman Sachs and Boston Consulting executive, will both join Motif’s board of directors.
Citigroup Profit Misses Estimates on Year-End Trading Drop
Weakness in fixed income worse than CEO Michael Corbat's recent predictions.
Morgan Stanley Said to Uncover Theft After Ad Sought Speedcoins for Data
Data on 900 wealth management clients was posted on Pastebin, which led the wirehouse to investigate the case.
Morgan Stanley Fires Employee Accused of Stealing Client Data
Morgan Stanley fired an employee it said stole data, including account numbers, for as many as 350,000 wealth management clients.
Economy Grows Most Since ’03 on U.S. Consumer-Spending Gains
Revised GDP rises 5% in the third quarter, topping estimates released earlier by the Commerce Department
New Hire Roundup: John Mendez Nominated to Be SIPC Chairman
In another personnel move, Craig Anzlovar has joined Pioneer Investments as fixed income client portfolio manager.
13 Best & Worst Broker-Dealers: Q3 Earnings, 2014
The third quarter saw several firms get hit with problems, while others were able boost their financial results.
Private Conservation Impact Investing Growing 26% Annually
The market for conservation impact investing is surging, and private investments are expected to more than triple between 2014 and 2018, a survey says.
S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
Jittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.