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Last week’s market ‘tornado’ may prompt electronic trading rules
U.S. regulators face pressure to show they have a grip on stock markets that are increasingly fragmented and dominated by computers after last week's plunge fueled lawmaker concerns about electronic trading.
Geithner and Paulson say more regulation needed
Geithner and Paulson are testifying at a hearing Thursday of a special panel investigating the crisis and a so-called "shadow" banking system.
Ex-New York Mets file $12.5M suit against financial advisers
Former major leaguers Rondell White and Cliff Floyd have filed a $12.5 million lawsuit in federal court against two New Jersey financial advisers, alleging they lost millions of dollars in a real estate development deal.
‘Dramatic’ financial reforms now imminent for Wall Street
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
YieldPlus investors seeking nearly $900M in damages from Schwab
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Regulator faults Wall Street banks on derivatives
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
Opinion: Three reasons the Greek bailout is doomed
Investors are nervous about the Greek bailout, but they're nervous for the wrong reasons. Yes, it is possible that other debt-ridden European nations may soon beg for bailouts. But that's just a small part of the story
Mass. financial adviser accused of stealing $4.3M from clients
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
Did Edward Jones help derail Senate’s fiduciary proposal?
Memo from firm to congressional staff members questioned whether the plan might actually hurt investors
Eight of Finra’s top 10 execs pulled down $1M-plus last year
Meanwhile, regulatory fees were up by 10.5% in 2010; overall, regulator posted $55M net profit
Buffett has ‘great confidence’ in $5B Goldman bet: Berkshire director
A Berkshire director says Warren Buffett is 'not concerned' about his massive investment in the Wall Street giant, despite the stock's recent losses | Adviser chatter: Time to buy or sell GS stock?
Like Toyota, damage control could backfire on Goldman
Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.
Adviser (and Bernie Madoff’s neighbor) charged with $25M fraud
Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.
Banned broker continued advising clients: Regulator
Permanently barred by Finra in 2008, adviser signed up clients anyway, Ohio claims; citizens group wants him out as town treasurer
Fiduciary advocates are optimistic on Senate bill
As the debate over financial regulatory reform heats up in the Senate, the fiduciary-standard issue simmers on a back burner, though its backers haven't abandoned hope of seeing its inclusion in a final bill.
SEC IG to look into timing of Goldman Sachs charges
A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate
Raymond James boss sounds alarm about financial reform
It's now or never for financial advisers to get their voices heard as Congress fleshes out the final details of the financial services reform bill.
Beverly Hills man who copped to investment scam gets jail time
West Hollywood fund manager put clients' money towards improving his financial situation, not their's
Broker involved in $1.1B fraud avoids prison — for now
Ex-Credit Suisse Group AG broker Eric Butler can remain free while he appeals his securities-fraud conviction, a judge ruled, overturning another judge's decision.
SEC’s civil suit against Goldman Sachs hits funds
Count mutual funds and their investors among the big losers in the legal battle between the SEC and The Goldman Sachs Group Inc.'s broker-dealer unit.
