As financial reform enters the final stretch of debate, eight House legislators have come under examination by a Congressional ethics committee to determine whether there were improper links between campaign fund-raising and financial reform...
With Congress set to consider the issue of whether to include a fiduciary standard requirement for brokers in financial reform legislation, or just a study of the issue, on Wednesday, lobbying groups are scrambling to sway legislators. On Monday...
I highly recommend Felipe Ossa’s Off-Off-Broadway play Cake, which debuted Saturday June 5th at the 45 Bleecker Street theaters in New York City and will show there over the next 3 weeks. Cake is a side-splitting farce about contemporary...
The process of reconciling House and Senate bills is usually confined to Washington's proverbial smoke-filled back rooms, but for financial reform it's gone public. That's after Conference Chairman Barney Frank, (D, Mass.) wrote a letter to C-Span...
As banking lobbyists pound Congress in last minute efforts to defang regulatory reform legislation, it's worth noting (one more time) that the revolving door between financial services lobbying groups and federal agencies spins at a dizzying pace...
The FBI is starting to apply tactics used against terrorists in the hunt for white collar criminals and insider traders, says a story in the Wall Street Journal today. Both the FBI and the SEC have faced intense criticism for their handling of the...
The North American Securities Administrators Association (NASAA) sent a letter to the U.S. Senate and House legislators two weeks ago urging them to adopt a fiduciary standard for all financial advisors as they work to reconcile the financial...
Over a year after the Bernie Madoff swindle blew up, the SEC has not made enough progress on promised fraud and enforcement reforms, a report released last week by Citizens for Responsibility and Ethics in Washington (CREW) finds. ...
As of last week, Wesley Snipes, Annie Liebovitz and Uma Thurman can be added to the long list of very wealthy people who have been duped by someone who is, legally, considered a fiduciary. Manhattan-based financial advisor Kenneth Ira Starr stole...
