The Securities and Exchange Commission (SEC) charged Detroit-area stock broker Frank Bluestein with fraud, alleging that he lured elderly investors into a $250 million Ponzi scheme.
Bank of America Corp has formally denied U.S. Securities and Exchange Commission (SEC) claims accusing it of misleading shareholders about bonuses paid to Merrill Lynch & Co employees before the companies' January merger.
Federal securities regulators said they will take the opportunity of pre-trial fact-finding in their existing case against the Bank of America (BofA) to see if any additional charges need to be filed.
U.S. District Judge Jed Rakoff rejected a settlement between the Securities and Exchange Commission (SEC) and Bank of America (BofA) over bonuses paid by Merrill Lynch, the Associated Press reported.
A couple in Charlotte, North Carolina, allegedly bilked $32.5 million by persuading investors to cash out of their retirement funds and invest in fake investments promising huge returns.
Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to meet the prospectus delivery component of safe-harbor provisions.
The Securities and Exchange Commission (SEC) has encouraged broker/dealer (B/D) bosses to rein in their reps.
The U.S. Securities and Exchange Commission (SEC) is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses may emerge, according to people familiar with the matter, Bloomberg reported.
Many financial advisers and brokers might be confused about what regulators have to say about using social networking.
The Financial Planning Association (FPA) argues that the Securities and Exchange Commission (SEC), rather than the Financial Industry Regulatory Authority (FINRA), should regulate financial planning activity.
RIA In A Box, a consulting business that helps set up registered investment advisory (RIA) firms, said it will begin offering mock audit services to RIA firms that want extra preparation for regulatory audits.
A judge has put the brakes on Bank of America’s $33-million settlement with the Securities and Exchange Commission (SEC).
In a speech before the New York City Bar Association, marking the end of his first 100 days as director of the Securities and Exchange Commission Division of Enforcement, Robert Khuzami formally announced several changes to the Enforcement program.
The chief U.S. securities regulator is now advocating that the U.S Securities and Exchange Commission (SEC) should be funded directly from industry fees.
The Securities and Exchange Commission (SEC) today charged Bank of America Corporation (BofA) for misleading investors about billions of dollars in bonuses paid to Merrill Lynch & Co. executives at the time of its acquisition of the firm.
Among other things, the Securities and Exchange Commission (SEC) plans to explore the definition of fiduciary duties of financial intermediaries.
The Securities and Exchange Commission (SEC) yesterday made permanent its temporary rule aimed to curb abuses of short-selling.
A federal appellate court has sent a 2008 rule governing fixed indexed annuities (FIAs) back to the U.S. Securities and Exchange Commission (SEC) that the court said was improperly passed.