House Subcommitte Introduces Bill Designed to Reign in Use of SEC In-House Courts
The chairman of the House Financial Services subcommittee on capital markets, Rep. Scott Garrett, (R., N.J.), introduced a bill last…
Read MoreMonth: October 2015
Wells Fargo Strikes Deal To Recruit 250 Credit Suisse Advisors
Credit Suisse has announced plans to wind down its U.S. private banking division, which means the bank’s approximately 250 brokers…
Read MoreInvestment News Article Indicates Stalling in Women Obtaining Leadership Positions in Financial Services Industry
Investment News released an online article last week indicating that women’s advancements into senior positions at financial advisory firms have…
Read MoreUBS Pays $19.5 Million to Settle the SEC’s Charges That it Mislead Investors on Derivatives
UBS AG has agreed to a $19.5 million settlement with the SEC over claims the bank misled investors about the…
Read MoreSEC Argues That Favorable Ruling for Respondent in the Eleventh Circuit Would Conflict With 7th and D.C. Circuit Precedent
Respondents challenging the constitutionality of SEC administrative proceedings imposing civil penalties on unregulated individuals have had a measure of success…
Read MoreHuge Civil Penalty Imposed on Respondent in SEC In-House Proceeding
Laurie Bebo, the former chief executive of Assisted Living Concepts, Inc. was hit with a $4.2 million civil penalty today…
Read MoreRay Lucia, Sr. And His “Buckets of Money” Strategy: A Bloodbath For His Clients
Ray Lucia, Sr. is a San Diego based “financial adviser” whom the Securities and Exchange Commission (“SEC”) barred from the…
Read MoreHow Should the SEC Increase Examinations of RIA Firms?
For at least the past decade, financial advisers have been steadily moving from traditional broker-dealer firms to independent RIAs. While…
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