Regulatory
Mary Schapiro Still Committed To Universal Fiduciary Standard, Warns On SEC Funding Issues
At least as far as the SEC is concerned, the concept of a uniform fiduciary code for RIAs and brokerage firms does not necessarily mean "separate but equal," but the prospect may be moot without more funding.
Sad Case: Houston Advisor Under SEC Investigation Kills Self, Revealing Dark Side Of Sports-Investing Business
A Houston advisor who was very active in local high school basketball programs has apparently killed himself after talking to SEC regulators about a complex Ponzi athletic recruiting scheme.
Dodd-Frank Costing $417 Million This Year, According To New GAO Report
Achieving the Dodd-Frank Act's goals is costing regulators $417 million this year and another $842 million next year, the government's top number crunchers say.
Rogue Currency Trader Brought Back To U.S. To Face Charges
A currency trader who fled to Latin America after reportedly bilking conservative and Christian investors of $25 million is now back in this country and facing charges. He pleads "not guilty."
Jeffrey Lowrance started working from Peru since 2006, when he was stripped of his commodity and currency licenses, and then moved to Peru.
Despite the logistical difficulties, he managed to start up a conservative newspaper, USA Tomorrow, as a marketing vehicle and distribute it to backers of 2008 presidential candidate Ron Paul in particular.
Unfortunately, instead o
Lawyers Tell Advisory Firms To Be Ready To Investigate SEC Whistleblower Claims On Their Own
Buried in the SEC's new whistleblower rules is a notice that firms named in a complaint may need to run the investigation on their own, lawyers are saying.
More Articles ...
- Partisan Bickering Sinks Investigation Into Financial Crisis Panel's Controversial Conclusions
- Dodd-Frank "Too Popular" To Kill Outright, Barney Frank Says
- Mary Schapiro Farms Out SEC Office Leasing Responsibilities After "Flawed" $500 Million Deal
- SEC Examiners Cracking Down On Unsuitable Sales Practices And Annuities While FINRA Tackles "Risk-Free" Structured Products
