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Goldman Sachs suit may prompt wider probe, greater regulation
The SEC's fraud suit against Goldman Sachs could trigger additional probes of collateralized debt obligations and lead to stricter regulation of the financial services industry
Accused portfolio manager: Switch to cell during call with Deutsche Bank salesman ‘unusual’
In court, Renato Negrin conceded that switching from a landline to a mobile during a talk with Jon-Paul Rorech was not normal. The duo are accused of insider trading
B-Ds fight back against litigation on Reg D offerings
Two broker-dealers are coming out swinging against investors and securities regulators who are looking for redress over the sale of private placements that went belly up last year.
Peter Schiff: The Fed is inflating the ‘biggest bubble of them all’
During the 1990s, inflationary Federal Reserve policy fueled a tech stock bubble. When that bubble burst, the Fed inflated a larger one in real estate. Now that the real estate bubble has burst, the Fed is inflating the biggest bubble of them all -- a government bubble.
It’s time to shed some light on 12(b)-1 fees
Clients should be armed with as much data as possible when making investment decisions
SEC claims investment firm took L.A. bus drivers for a ride
The commission files charges in an alleged $14.7 million Ponzi scheme aimed at retired bus drivers in Los Angeles.
Four NYC reps sue LPL for discrimination
Firm sued by four reps for ethnic slurs allegedly made by a sales manager
Adviser promising 483% returns—in less than two months—charged with $18M fraud
Gryphon Holdings Inc.'s owner and four employees of the Staten Island, New York-based investment firm were charged with conspiracy to commit securities fraud and wire fraud in an alleged $17.5 million scheme.
Fed paper looks at ways to detect risks
After being blamed for failing to spot indicators leading to the latest recession, the Fed comes up with "an early warning system" to help detect problems before they reach crisis proportions.
Roth 401(k) conversions likely to be approved
Legislation allowing defined-contribution-plan participants to convert plan assets to an in-plan Roth account may be passed into law as soon as the end of next month.
Let’s not kill the shadow banking system
Although the U.S. economy seems to be recovering, albeit slowly, the Obama administration, members of Congress and many economists worry that small businesses aren't recovering as quickly as large ones.
Finra plan to increase power draws ire
Brokerage firms are howling over a far-reaching proposal that would give Finra substantially more power.
Obama finds ally in Bank of America boss
The Obama administration has found a banker it can do business with: Bank of America Corp.'s Brian Moynihan.
Paging Judge Judy: JPMorgan, FDIC in WaMu tax flap
The Wall Street giant wants a $1.4B tax refund from the bank it rescued. The regulator says TARP recipients aren't entitled to such refunds
Schumer, Schapiro push for SEC self-funding
U.S. Senator and Securities and Exchange Commission chairman defend plan for SEC self-budgeting
Finra cracks down on credit disclosure
Morgan Keegan fallout? The securities regulator warns B-Ds that bonds in funds cannot be considered 'rated' unless a third-party actually does the rating
Schwab violated law in YieldPlus rejiggering: Judge
District court rules that the mutual fund's heavy bets on mortgage-backed securities required shareholder approval
It’s a rap: Studio boss charged with bilking Saints
Sean Payton, Drew Brees, Archie Manning were among those who paid for film tax credits from Louisiana Film Studios. Now, studio head Wayne Read is facing federal fraud charges
Saints coach Sean Payton slaps former player with investment suit
New Orleans Saints head coach Sean Payton and his wife have sued the team's former long snapper over a $144,000 investment tied to a now-defunct movie studio.
Jeremy Shockey says ex-teammate ain’t no saint, sues over alleged tax credit fraud
Kevin Houser played with the New Orleans Saints from 2000 to 2008. Now, his former teammate Jeremy Shockey — and others — claim the Securities America-affiliated rep ripped them off in an alleged tax scam.
