Practice

The regulator fined units of the two banking companies $1.5 million and $275,000 respectively for auction rate securities violations.

Brokers voice concerns at Mutual Fund Directors Forum.

The federal government’s Financial Crisis Inquiry Commission has subpoenaed Moody’s Corp. for allegedly failing to provide requested information.

The Justice Department is seeking to intervene and temporarily halt fact-finding by a group of localities in their class action suit against Wells Fargo & Co. and 15 other banks, broker-dealers and investment brokers for allegedly conspiring to rig bids and fix prices of investment and derivatives contracts in the municipal market.

Despite recent tough talk about problems with the regulatory reform bill, Republicans are unlikely to win significant concessions as the legislation moves to the Senate floor.

The federal government’s Financial Crisis Inquiry Commission has subpoenaed Moody’s Corp. for allegedly failing to provide requested information.

WASHINGTON – The Securities and Exchange Commission’s proposed large trader reporting system would seriously hinder large floor traders and brokerages, according to industry executives.

WASHINGTON — The Senate Agriculture Committee has voted 13 to 8, mostly along party lines, to approve a bill to regulate over-the-counter derivatives. The bill would impose a fiduciary duty on dealers who pitch, advise or enter into swaps with localities, endowment funds, or pension funds.

A new survey says that many Boomers will be back on the job market this year looking for new opportunities, but they will face some (younger) competition.

The Securities and Exchange Commission's (SEC) actions against Goldman Sachs have sent credit default swap spreads spiraling wider not only for Goldman, but for the entire banking sector, according to Fitch Solutions.