Securities And Exchange Commission (SEC)
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Ex-LPL broker to pay nearly $2 million for defrauding clients
Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.
The Fed should raise rates, but it won't
Breakfast with Benjamin: The Fed should raise rates but... Plus: Financial advisers turn to options investing; the French government calls it quits; the SEC goes after asset-backed bonds; another Obamacare surprise; and what is really the most important meal of the day
Mary Jo White: Money market reform tops the SEC's list
The following is an excerpt from Securities and Exchange Commission Chairman Mary Jo White's opening comments at its open meeting on money market fund reform July 23.
SEC cracks down on wrap accounts
SEC scores court victory involving wrap account fees and is making them a priority in exams
SEC seeks to delay principal trading rule for two years
Regulator says issue should be considered within broader fiduciary-duty decisions.
Bill Gross disciple takes down the 'Bond King'
This edition of Breakfast with Benjamin covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.
What last week's junk bond selloff means for stocks
Today's Breakfast with Benjamin looks at the impact of the junk bond selloff, Morningstar's approach to nontraditional bond funds, how higher rates will ripple across the economy, and much more.
Buckling in for market volatility
Breakfast with Benjamin: Market volatility headed your way. Plus: Hidden ETF risks, Buffett hoards cash, SEC whistleblowers come out of the woodwork, the upside of passive real estate investing, and how Millennials blow through their money.
This week's top stories for advisers
As the week comes to a close, it's time to catch up on the advice industry's biggest developments that grabbed readers' attention.
Barclays pushes back dark pool charges
On Friday's menu: Barclays hits back on dark pool charges. Plus: Seeing the markets through the eyes of regular investors, why young folks should embrace bear markets, discount retailers set to shine, another cheap swipe at mortgage interest deductions, and the SEC hasn't forgotten about those ...
The Fed is now fretting about wage growth and surprise inflation
Breakfast with Benjamin: Don't look now, but wage growth (for dishwashers, for example) is on the radar. Plus: The SEC's half fix for money funds, a golden cross for Goldman, judge blocks 'Wall Street Wolf's' sucker list, and big city life can be a drag.
Giddy markets continue to look blissfully past mounting geopolitical unrest
Breakfast with Benjamin: Looking past all the geopolitical risk. Plus: U.S. investors finally start diversifying overseas, what's not to like about a marijuana ETF, how the Millennial generation slept through the bull market run, and a tribute to a fund industry critic.
Even without funding, SEC must do its job Indulgence is the enemy of industry for heirs
After reading the Lack of adviser oversight is ticking bomb editorial (InvestmentNews, June 30), I commend IN for the following:
House passes SEC budget with amendment preventing fiduciary efforts
Appropriation of $1.4B also falls short of regulator's request to strengthen oversight; separate bill to cover exam costs gains bipartisan support.
Citigroup reaches $7 billion mortgage bond settlement
Joins JPMorgan Chase in settling charges it misrepresenting the quality of mortgage-backed bonds sold to investors as housing prices plummeted.