Regulatory
SEC Internal Probe Blasts The Regulator's Office Space Usage As Wasteful And Overly Ambitious
The SEC's internal investigator has determined that the regulator's $500 million lease of vast amounts of unneeded office space was only the latest blunder in a litany of bad real estate choices.
New Advisor Regulatory Burden Will Actually Be "Modest," Analysts Say
Despite all the angst out there, sell side analysts at Keefe Bruyette & Woods say the cost of looming regulation for the industry will be "incremental" at worst and that fears are "overblown."
Securities America Settles Medical Capital Holdings Case With Massachusetts For $5 Million
State securities regulators in Massachusetts have settled their end of the Medical Capital Holdings case with Securities America -- which means their citizens won't lose a single dime on the debacle.
Ameriprise Fined $50,000 For Waiting Two Years To Punish Broker Who Forged Paperwork
Ironically enough, as Ameriprise looks for a buyer for its fine-weakened Securities America unit, the firm recently settled a sticky FINRA complaint of its own.
SEC Deflates Belgian "Royal" And His Alleged $6 Million Ponzi Scheme
The regulators seem to be doing better catching smaller Madoff-like schemes lately, as the case of Guy Albert de Chimay shows.
