Federal Deposit Insurance Corporation chairperson Sheila Bair said most financial institutions remain well capitalized.
Disciplinary histories would be included in plain English brochures.
Brent Nelson's nightmare experience with state securities regulators began last May when, out of the blue, he received a letter from Ohio's Division of Securities telling him his license had been suspended.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
Officials have testified that the time is right for a federal insurance regulator.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
A broker who was recently booted from the securities industry has cost Next Financial Group Inc. and Raymond James Financial Services Inc. dearly — with the two firms paying out almost $850,000 to settle cases involving clients who got burned.
The SEC, FINRA and NASAA will seek input on firms’ best practices to protect senior investors.
A survey finding that arbitration customers do not believe the process is fair was “inconsistent,” FINRA said.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
Two of the biggest blowups in the retail-investing business are wending their way through legal channels, with plaintiff's attorneys looking far and wide to place blame in order to win money for clients.
Treasury Secretary Henry Paulson this morning expressed optimism that a temporary growth plan can be enacted quickly.
The Financial Industry Regulatory Association encourages investors to check on the professional backgrounds of brokers by using its BrokerCheck system.
About 21 million taxpayers will be spared the AMT for 2007 after the House approved an "AMT patch."
The House approved legislation that would shield millions from the AMT by raising taxes on hedge fund managers.
“This bill will shed light on the 401(k) selection process and give Americans more control over their retirement future,” Sen. Tom Harkin said.
The SEC wants to give smaller companies more time to comply with section 404, Chairman Christopher Cox said this morning.
Legislation "is intended to cover disputes between investors and securities brokers,” Sen. Feingold said.
A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.
