Displaying 10262 results
Finra taps NYSE reg head Ketchum as chief
NYSE regulatory chief Richard Ketchum will be named the new chief executive of Finra, the Wall Street Journal reported today.
UBS fined $780 million in tax evasion scandal
UBS AG will pay $780 million in fines, interest and restitution to avoid U.S. prosecution on charges that it helped wealthy Americans evade taxes.
N.Y. insurance super Dinallo cracks down
Insurers doing business in N.Y. that receive breaks on accounting rules in their home states must adhere to N.Y.'s accounting rules when filing annual statements.
New SEC top enforcer: Khuzami
Former Deutsche Bank general counsel and federal prosecutor Robert Khuzami today was named director of enforcement at the SEC.
U.S. sues UBS over identities of 52,000 American clients
The U.S. sued UBS AG today in an effort to get the Swiss bank to turn over the names of as many as 52,000 wealthy Americans who allegedly tried to evade taxes.
Pershing will aid clients caught in Stanford mess
Clients of the troubled Stanford companies who clear through Pershing LLC will be able to liquidate their accounts if approved by the court-appointed receiver, Dallas attorney Ralph Janvey.
Insurance broker faces 20-year sentence
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
Morgan Stanley exec charged with $2.5M fraud
A former Morgan Stanley employee has been charged with stealing $2.5 million from the firm, with the crimes allegedly occurring over more than seven years.
Obama plan targets 9M homeowners
President Obama’s mortgage plan aims to keep up to 9 million families from losing their homes to foreclosure.
SEC: Stanford ‘inflated’ fund wrap results
The SEC today charged that Allen Stanford and his financial companies also falsely promoted the Stanford Allocation Strategy fund mutual fund wrap program.
Obama signs stimulus bill
President Obama today signed into law the $787 billion stimulus bill.
Credit Suisse owes $400 million in CDO case
Credit Suisse Securities has been ordered by an arbitration panel to cash out an institutional client that held $400 million in collateralized debt obligations.
Stimulus package hits execs in the wallet
Executives at companies receiving federal assistance would face stiffer limits on bonuses and severance under the stimulus bill passed by the House today.
House passes stimulus bill; Senate to vote tonight
The House this afternoon approved by a vote of 246-183 a $787 billion stimulus bill in the hope that it will help the United States out of the economic crisis.
Ruth Madoff withdrew $15.5M
The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.
SEC to distribute $2.3M in AIG Advisor settlement
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
FBI to crack down on financial fraud
To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
Volcker plan to tighten hedge fund regs wins key backer
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
Merrill sued by downstream ARS firm
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
Massachusetts revokes license of firm tied to Madoff
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
