Goldman Sachs agreed Thursday to pay a record $550 million to settle charges that it committed fraud when it misled investors in its Abacus subprime mortgage CDO deal, sold to institutional investors. The settlement...
The Senate voted 60 to 39 Thursday afternoon to pass the Wall Street regulatory reform bill. The bill, which has been the subject of intense debate for months, now goes to President Obama for his signature.
Not only are the independent RIAs stealing brokers and assets from the big Wall Street wirehouse firms, they also seem to have greater favor with the super-rich.
After a herculean 20-hours straight of negotiations, Congressional committee members agreed Friday morning to a Wall Street reform package that will be much tougher on the country’s banks.
In a media conference call Tuesday morning, NASAA President Denise Voigt Crawford outlined the biggest investor protection issues in Wall Street reform legislation supported by NASAA. Investor protection is one of the...
After months and months of public debate and back-room deal-making, a final outcome on fiduciary duty—the biggest issue for financial advisors, stockbrokers and wealth managers in the Wall Street reform bill&...
