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The SEC and the IRS have met to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.
March 7 -
Jeffrey Rubin, a Florida broker, was barred from the securities industry after more than 30 National Football League players including Terrell Owens lost at least $40 million on an Alabama casino project that went bankrupt.
March 7 -
A Wells Fargo broker has been ordered to pay $650,000 in restitution for allegedly misappropriating client funds.
March 6 -
Sen. Richard Shelby introduced two bills on Tuesday aimed at fixing technical errors in the Dodd-Frank reform law and requiring regulators to complete rigorous economic analysis when crafting new rules.
March 6 -
The industry trade group announced its support for the proposal in a comment letter on FINRAs new disclosure rules.
March 5 -
Having dodged the fiscal cliff and postponed the debt ceiling deadline, the Nation's leaders decided to let the spending sequesters happen. Will the result be to throw the economy into recession or cause an economic catastrophe? Sam Wardwell of Pioneer Investments doesn't think so.
March 5
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Many financial advisors and their firms fail to understand and comply with custodial responsibilities to clients, according to the SEC . As a result, the commission has issued a risk alert and advisor bulletin to remind and educate planners about the importance of complying with custody rule.
March 5 -
FSI has long supported a uniform fiduciary standard that increases protection for investors without limiting access to financial advice and service for Main Street Americans, Dale Brown, the institutes president and chief executive said in a statement Monday.
March 4 -
State Street Global Advisors has appointed Maria Dwyer as chief risk officer, effective immediately.
March 4 -
Regulators levied a $750,000 fine on Ameriprise for alleged wire transfer fraud committed by one of its brokers in 2010.
March 4
