Galvin Asks Banks to Do More to Prevent Elder Financial Abuse
The regulator asks 190 financial firms to train staffers and implement protocols for better protection of senior clients.
SEC Enforcement: Ex-Edward Jones Broker Used Client Real Estate Investments to Remodel House
Meanwhile, SEC fined a political intelligence firm for mishandling nonpublic info from Medicare and the FDA.
Third-Party Advisor Audits Could Be a Disaster: Norm Champ
Champ, a former SEC Investment Manangement director, looks at other cases in which SEC outsourced its authority with "disastrous results."
What's Worse Than the SEC's Revolving Door?
The problem: How to get qualified nominees with expertise in areas relevant to regulating capital markets and publicly traded corporate entities to be SEC Commissioners?
Currency Spoofing Is Said to Be in New York’s Crosshairs
Attorney General Schneiderman's office said to be investigating placing of fake foreign-exchange orders, known as "spoofing" or "ghosting."
DOL Fiduciary Rule Is ‘Biggest Change That We’ll Go Through’: Pershing
The real impact of the rule won't be felt immediately, Pershing’s John Brett says, but two to five years after it takes effect.
SIFMA Says Its Cyberattack Drill Was Successful, but More Action Is Needed
Findings from SIFMA's Quantum Dawn 3 cybersecurity testing exercise show progress, but more needs to be done, the Wall Street advocacy group said.
RCS Capital’s Proxy Vote Scandal Ensnaring More Broker-Dealers
Massachusetts regulators say broker-dealer agents may have played a role in two fraudulent proxy voting schemes this year.
SEC Halts Nursing Home Investing Scam
Atlanta businessman falsely promised investors they were investing in specific senior living projects when they also were funding his personal expenses and other businesses.
SEC, FINRA Enforcement: Bob Marley’s Son’s Coffee Company Faces Pump-and-Dump Probe
Meanwhile, Deutsche Bank Securities hit with $1.4M fine for short interest reporting rule violations.