Compliance at Financial Services Firms Falls Short
Compliance firm Cipperman finds that firms, especially in the alternatives space, tend not to invest enough in staying compliant.
SEC Enforcement: Kansas Charged With Securities Fraud
In another action, a brokerage firm and its founder were charged with violating net capital requirements and falsifying data in an attempt to mislead examiners.
There Might Be a Lot of Insider Trading
In research reported by Andrew Ross Sorkin on options trading before merger announcements, everything you'd predict, if you were maximally cynical, the researchers found.
Top 10 Billionaire Art Collectors: Wealth X
With art auctions setting records, spurring investment in art, Wealth-X has put together a list of the 10 biggest art collectors in the world.
SEC Enforcement: Fake Notre Dame Grad Charged With Fraud
In other enforcement actions, a biopharm exec, doctor and patient settled insider trading charges.
SEC Enforcement: SEC Busts Scheme Involving Stock Tips on Napkins
Also in enforcement, the SEC fined Lions Gate Entertainment and froze assets of the promoter of a microcap stock scalping scheme.
Top Portfolio Products: SAC Capital Hedge Fund Closes With a Bang
The legally troubled fund was up 20% for the year. Meanwhile, First Trust announces three new ETFs, and BMO launches nine funds.
Canellos Departs SEC, Leaving Ceresney to Lead Enforcement
As was expected, the co-director of Enforcement will leave agency after 4 1/2 years, leaving Chairwoman White’s longtime lieutenant to lead the division.
4 Big Trends You Can’t Ignore
The future always presents challenges, but also opportunities for those who are prepared.
20 Most Expensive Paintings Ever Sold
With wealthy investors buying art at record prices recently, ThinkAdvisor gathered a list of the top-ticket items.