Pump and Dump Shut Down: A U.S. District Court in Florida ruled in January against two individuals accused of running a penny-stock manipulation scheme that netted more than $25 million in profits.

ON DEC. 30, 2006, more than a dozen SEC commissioners and employees received a lengthy email from a woman referring to herself as Miss SEC 2006.

A lot of investors are going to get their pesky 1099 tax-reporting forms—the ones that report dividend and interest income—late this year. USA Today reports that at least five firms—Morgan Stanley, Merrill Lynch, Wachovia...

revamping our health care system to address its outrageous costs and the millions of uninsured.

The head of the Financial Services Industry Institute (FSI), the association representing independent broker/dealers, is feeling a little more comfortable with regulators. But, on the other hand, John Simmers, chairman of the FSI, also warns that...

On Monday, Merrill Lynch announced plans to acquire First Republic Bank, a San Francisco-based private banking and wealth-management firm with $16.4 billion in assets under management, for $1.8 billion. The transaction should be completed in the...

The star power of hedge funds seems to have waned in 2006, at least among the wealthiest set. The percentage of ultra-wealthy households (those with a net worth of over $25 million, excluding primary residence) owning hedge funds plunged by almost...

The Securities and Exchange Commission on Jan. 24 approved a new code of procedures that govern arbitrations at the NASD Dispute Resolution. The changes were a long time coming: Some of them have been sitting at the SEC since 2003.

We’ve already heard about what a great year 2006 was for Wall Street, with securities industry firms ringing in some of the best revenues and profits in years. But fourth-quarter earnings reports are just now rolling in, and they’re...

Why did Citi's wealth management chief Todd Thomson abruptly decamp the firm “to pursue other interests” when he was often thought of as heir apparent to Citigroup’s Chuck Prince?