Updated Sunday, December 8, 2013 as of 2:09 PM ET
The regulatory authority says Atlanta-based J.P. Turner -- which ranked No. 59 on Financial Planning's annual list of independent B-Ds -- generated $500,000 in improper mutual fund sales commissions and caused net losses to its customers of $200,000.
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Former Bear Stearns managing director Roberto “Bobby” Ruiz was sentenced Tuesday to two years in federal prison for his role in a massive El Paso County corruption case that led to numerous convictions of public officials. more »
CEO Laurence D. Fink, who last year said he would invest 100% of his personal wealth in equities, said pension funds won’t meet their liabilities unless they put more money in stocks. more »
Half of U.S. households remain at risk of being unable to maintain their standard of living in retirement, despite the surge in stock market and housing prices. more »
Sixty percent of CFOs believe the state of the U.S. economy will remain stagnant or worsen during the next six months, according to a new survey by Grant Thornton. more »
When Illinois lawmakers report to the capital in Springfield today for another attempt at fixing the nation’s worst-funded state pension system, the gathering will have a ring of familiarity. more »
The U.S. Treasury Department has signed intergovernmental agreements with the Cayman Islands and Costa Rica in an effort to combat offshore tax evasion as part of the implementation of the Foreign Account Tax Compliance Act. more »
The IRS has released the final regulations for the 0.9% Additional Medicare Tax that was imposed as part of the Affordable Care Act. more »
McGraw Hill Financial’s Standard & Poor’s unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be unmanageable at trial. more »
Long-term municipal bond volume continued to trail last year’s pace as issuers sold 31.3% less in November than they did during the same period last year. more »
After holdings of U.S. debt surged to a record $1.89 trillion in 2012, lenders from Citigroup to Bank of America and Wells Fargo are culling for the first time in six years and amassing dollars. more »
A new batch of nontraded REITs look eerily like disastrous limited partnerships of the late 1980s and early 1990s. more »
Attracted by high returns and low costs, investors continue to pour dollars into Vanguard and other equity index funds. more »
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