News

An Arbitration panel shot down a claimant's request for up to $2.9 million for allegedly botched investments tied to private placements and Ponzi schemes last week, and instead ordered her to pay...

The SEC recently notified all existing and pending federally registered advisors that regardless of their fiscal year end, they must file a Form ADV Part 1 amendment by March 30, 2012 by...

SEC Fines UBS $8 Million for Bad Recordkeeping UBS Securities has once again been penalized for its improper handeling of short sales. This fine from the SEC is for $8 million and a $12...

Wachovia Bank, NA, currently Wells Fargo & Co., has reached a tentative settlement of a class action suit with municipal issuers over antitrust charges of bid-rigging for municipal investment, derivatives and other contracts.

FINRA has fined Morgan Stanley Smith Barney $1 million and ordered another $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate...

The SEC has ordered Broker-dealer FTN Financial Securities to pay nearly $2 million for allowing a registered investment advisor, Sentinel Management, to defraud its clients through a reverse repurchase transaction.

Leaders of the Financial Services Institute expressed cautious optimism about their efforts to dilute or derail an initiative under way at the Department of Labor to broaden the scope of the term...

The Chase unit recommended risky investments to unsophisticated investors with little or no risk tolerance, FINRA said.