Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Could it be that a turf war is breaking out? In testimony before Congress Thursday morning, Securities and Exchange Commission Chairman Christopher Cox asked legislators to give the SEC authority to regulate investment banks.
UBS is facing the first nationwide lawsuit regarding auction-rate securities compliments of the New York Attorney General, who sued the firm for securities fraud.
Increased regulation of the brokerage industry in the wake of the subprime crisis and Bear Stearns debacle could tighten the screws on brokerage business revenues and margins, says Ladenburg Thalmann analyst Dick Bove in a research report today.
Giving up a U.S. passport carries a hefty new price tag. A new law subjects certain individuals who expatriate or give up their green cards to immediate tax on the inherent gain on all of their worldwide assets and a tax on future gifts or...
Even in the toughest of times, Wall Street finds the cash to pad the pockets of its favorite politicians — or, at least, the politicians favored to win.
Jail Time For Long Island Advisor A New York financial advisor was sentenced to five to 15 years in state prison for stealing more than $11 million from 53 clients. Peter Dawson, president of Uniondale, N.Y.-based BMG Advisory Services, plead...
Quoting the theme song from M*A*S*H and faking your own death doesn't get you out of a 20-year jail sentence. Someone should probably let hedge fund manager Sam Israel III know.
On Wednesday, an SEC judge ordered NEXT Financial Group to pay a $125,000 penalty and prohibited the independent b/d from using recruiting tactics that violate client privacy laws.
