Dishonest Services: The SEC's Fight Against Public Corruption
We often think of laws directed toward combating public corruption as anti-bribery and anti-kickback laws.
NY Attorney General Floats Whistleblower Incentive Bill
Whistleblower law "will be the strongest, most comprehensive in the nation, and is long overdue for a state with the world’s most important financial markets."
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
Bill to Delay DOL Fiduciary Rulemaking Is Revived
Rep. Ann Wagner, R-Mo., has reintroduced a bill to force the DOL to wait until the SEC makes its own fiduciary rule.
SEC Probing BDs’ Low Number of Suspicious Activity Reports
Considering the volume of transactions and the nature of the BD industry, the SEC's top cop finds the dearth of SARs a little, well, suspicious.
Obama Endorses DOL Fiduciary Redraft, Girds for Fight
“If you want to give financial advice, you have to put your clients’ interest first,” Obama said Monday, blasting “backdoor payments” and high fees.
Obama Tells DOL to Move Forward With Its Fiduciary Redraft
President Obama to speak at AARP about DOL’s fiduciary redraft; White House to also release its report on redraft.
SEC Chief to Break Her Silence on Fiduciary in ‘Short Term’
SEC has been providing "technical assistance" to the DOL on its fiduciary rulemaking, Chairwoman Mary Jo White said Friday morning.
SEC, FINRA Enforcement: Fake Hedge Fund Manager Seeks His Perfect Match
The SEC has charged Moazzam Malik with stealing investor money to pay for a matchmaking site membership and Harvard classes, among other expenses.
Advisors Mobilize for More Cybersecurity Threats
The buzz around cyberattacks was a hot topic at the T3 conference as the SEC and FINRA mull IT-related controls.