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Miracle on Wall Street!

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Joanne Bohnke is a 74 year old widow, hoping to make her $315,000 savings last longer than she does. She turned for advice, as most Americans unfortunately do, to her broker at Smith Barney.

Money Manager Accused Of Threatening To Kill 47 Regulators

Posted 05.25.2011 | Business

NEW YORK, Jan 14 (By Jonathan Stempel) - A New York money manager with a long history of legal battles with the government has been charged with threa...

SEC May Charge Allen Stanford's Brokers

Posted 05.25.2011 | Business

HOUSTON: U.S. regulators have notified some brokers who worked for indicted financier Allen Stanford that they may face civil fraud charges, the Finan...

Memo to U.S. Attorney General Eric Holder re: Operation Broken Trust

Phil Trupp | Posted 05.25.2011 | Business
Phil Trupp

General Holder, we're happy you're showing a pulse (it's overdue) and slamming the smaller weasels. But how about stopping the swindlers of all sizes before they've stripped their victims to the bone?

Will Ferrell Loses Lawsuit Against JPMorgan, Slapped With $600,000 Penalty

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Will Ferrell lost a lawsuit against JPMorgan Chase and now has to pay a big legal fee, NYT's DealBook reports. The suit, which the actor filed in 200...

Hail Mary, Full of Hubris!

Phil Trupp | Posted 05.25.2011 | Business
Phil Trupp

Despite the loss of $567 million from the FINRA portfolio in 2008, Mary Schapiro walked away from the non-profit industry association in 2009 with nearly $9 million.

FINRA Proposes All-Public Dispute Panels

Phil Trupp | Posted 05.25.2011 | Business
Phil Trupp

Not long ago, if you were an investor seeking beat a financial scam you stood little, if any chance, of gaining justice. But an end to the outright inquisition of scammed investors may end soon.

More Bad Guys, More Investigations

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

With the mergers and acquisitions game heating up, the opportunities to beat the system with inside knowledge of non-publicly announced deals have become much greater.

Fired Analyst Loses Multi-Million Dollar Arbitration Against Former Employer

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Rodman & Renshaw and other Claimants filed a FINRA Arbitration Statement of Claim (initially in October 2006 and thereafter as amended) against Respondent Matthew N. Murray.

The Big Oops! Morgan Stanley's Research Failures

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

For those of you who still desperately cling to the belief that allowing Wall Street to self regulate itself works, perhaps this case may yet change your mind.

Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...

Suitability, Innovation and Meaningful Regulatory Reform

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

Why isn't one of the pillars of emerging financial regulatory reform the institution of a "Black Swan" test that examines new financial product innovation and subjects it to some form of systemic risk consequence test?

Banking in America: Swimming in the Deep End

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

It occurred to me that, somewhere along the way, people might be curious about understanding bigger banks in some context other than political vilification.

FINRA'S Mandatory Arbitration: A Story You Won't Believe

Dan Solin | Posted 05.25.2011 | Business
Read More: Finra, Business News
Dan Solin

When Bill fired his broker after losing a substantial portion of his retirement portfolio, the lawyer he consulted said told him they had agreed to mandatory arbitration of all disputes with their broker. At the arbitration, a shocking thing happened.

Wall Street Blackjack Player Busts, Busted, and Barred

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

They do quite a bit of surveillance at most casinos. Frankly, those paid to watch the games of chance do a better job than those paid to watch our stock markets. Take this recent case.

SEC Snags the Understudy But Ignores the Big Players

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Given a self-styled stock market "psychic"'s track record, shouldn't the SEC place some constraints on members of the securities industry who purport to be able to predict the future?

Regulatory "Reform" Bill Shafts Individual Investors

Jake Zamansky | Posted 05.25.2011 | Business
Jake Zamansky

I should have known it was too good to be true. A few months ago I was optimistic that regulatory reform would include an investor protection known as the "fiduciary duty" standard.

Shahien Nasiripour

Watchdog Group Warns Congress About Wall Street Oversight | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: 7:35 PM -- A spokesman for FINRA has responded to POGO's letter. Scroll down for FINRA's reply. Congress is putting investors and the public ...

Stockbrokers: Three Steps to Build Trust*

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

How can we trust stockbrokers if we regulate them with legal jargon rather than language everybody understands? Who needs the complexity?

SIPC, The Grinch That Grotesquely Stole Christmas

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The Madoff calamity touched thousands of individuals and families, many of whom lost what amounted to their life savings, and all of whom had trusted the federally authorized SIPC seal of protection.

New SEC Website Offers Advice To Investors

DailyFinance | Michelle Leder | Posted 05.25.2011 | Business

Instead of trying to be all things to all the people the SEC serves -- they include investors, advisors, fund managers, lawyers and others -- investor...

United States of America vs. UBS: A Step Too Far?

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States.

SEC Chair Mary Schapiro's Previous Agency Was Soft On Enforcement: Report

Legal Times | Posted 05.25.2011 | Business

An analysis conducted out of Sutherland Asbill & Brennan's Washington office shows the Financial Industry Regulatory Authority - the independent secur...

The Farce Called FINRA Has No Shame

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

FINRA's Board of Governors is a who's who of the securities industry. They "govern" their fellow brokers the same way the SEC "governed" Bernie Madoff.

The Zenith of Congressional Hypocrisy

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Now that posturing for the cameras is over, it will be business as usual at the SEC.