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Financial adviser to the stars Kenneth I. Starr, Starr & Co. pled guilty before the U.S. District Court for the Southern District of New York Friday to ripping off $50 million from A-listers including Wesley Snipes, Sylvester Stallone, Uma Thurman, Nora Ephron and Al Pacino.
September 12 -
The Financial Industry Regulatory Authority wants broker-dealers to be a lot more specific on the reasons for dismissing an employee in their reports to the regulator.
September 10 -
The firm is the latest in a string of high-profile financial services firms to adopt the term, all in an effort to take excellent care of their customers and distinguish themselves from competitors.
September 10 -
Douglas Lee Campbell, a former senior vice president and marketer in Bank of Americas municipal derivatives group, pleaded guilty Thursday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contract and other municipal finance agreements.
September 10 -
A recent study indicates the housing crisis has worsened an already-precarious financial condition.
September 10
Financial Planning -
The Municipal Securities Rulemaking Board has issued draft guidance warning brokers brokers of their obligations under its rules following recent enforcement actions by the Securities Exchange Commission and the Financial Industry Regulatory Authority alleging rule violations.
September 10 -
The Financial Services Authority said Thursday it fined Goldman Sachs $31 million for failing to notify the U.K. regulator that trader Fabrice Tourre was being investigated by the U.S. Securities and Exchange Commission.
September 10 -
Morgan Stanley Smith Barney announced Thursday it hired Lisa Cregan, a former UBS manager, to run its brokerage offices in Houston.
September 9 -
SEC Chairman notes there have been net redemptions from equity mutual funds every single week for the past four months.
September 9 -
Even though 80% of Americans aged 44 to 75 said they would choose a product with a 4% return and a guarantee against losing its value, over a fund aiming for an 8% return but subject to market risk—54% said they would not select an annuity.
September 8
