Below some excerpts from Elizabeth Warren’s September speech to the Financial Services Roundtable. Warren is currently guiding the creation of the Consumer Financial Protection Bureau. ...
The new Republican Congress may find a way to block some Dodd-Frank measures after all--just starve the regulator of funds and it won't be able to do its job. The SEC says it does not believe it has the budget to implement the law without an...
At SIFMA's 2010 annual meeting in New York City Monday, amid nostalgic rock & roll songs like Hotel California and Born in the USA, brokerage executives including James Gorman, CEO of Morgan Stanley, sounded optimstic about their ability to...
The big Republican wins in Tuesday’s election could influence who plays top cop for investment advisers with $100 million in assets or more. With Republicans taking control of the House of Representatives, Spencer Bacchus (Ala., R) will take over...
SIFMA on Monday released a study conducted by management consulting firm Oliver Wyman that suggests that if a fiduciary standard is applied to all brokerage services, investors will lose out, especially less wealth investors with fewer than $250...
Morgan Stanely announced today that it is giving up control of FrontPoint Partners, the Connecticut hedge fund it bought in 2006. One of the fund's senior portfolio managers is Steve Eisman, who was known for his bearish and prescient calls on the...
Two former Merrill brokers won $1.167 million from Merrill Lynch for deferred compensation benefits that were supposed to be paid out when they left the firm after control changed hands with the Bank of America takover in late 2008. It's the first...
Wells Fargo, which has lagged behind the other major wirehouses in terms of the recruiting bonuses it offers, finally relented and, two weeks ago, it added another 100 basis points onto the maximum deal it will bestow on a star recruit. So say...
The Consumer Financial Protecion Agency, recently created under Dodd-Frank, will at least partially cover financial advice and brokerage, among other things, says a recent research report by Aite Group. And that means it will compete with FINRA. ...
