Harry Markopolos, the famously ignored Madoff whistleblower whose well-informed and detailed warnings about Bernard Madoff were disregarded for years by regulators, testified before House Financial Services Committee...
Here’s a possible new twist in the changing financial services landscape: A report in the New York Post raises the possibility of a “joint venture” between the wealth management divisions of Wachovia...
Ponzi, Ponzi Everywhere: The SEC either has a coincidental backlog of Ponzi scheme cases closing in the wake of Bernard Madoff, or the agency has put a premium on busting Madoff wannabes as quickly as possible. Since...
Bernard Madoff’s astonishing fraud has accelerated calls for regulatory overhaul that had already begun with the credit crisis. then again, the regulatory system was antiquated. The real problem for retail financial...
John Thain, former CEO of Merrill Lynch and the man who engineered the sales of the storied Wall Street firm to Bank of America in September, is leaving the combined firm "immediately," according to a report from CNBC.
"Telling clients you'll get back to them when you're plugged in again is probably not a risk you want to take these days," says Alois Pirker, senior analyst with Aite Group, a research and advisory firm focused on...
