FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
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The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
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While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
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Smart beta funds are one of the hottest trends on Wall Street and are generating…
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A recent Government Accountability Office report maintains that 401(k) providers…
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The Department of Housing and Urban Development has changed principal…
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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Morgan Stanley could pay as much as $1 billion to end investigations by federal regulators into its handling of block trades, according to sources familiar with the situation. So reports Semafor.
Morgan Stanley probably would avoid pleading guilty to a crime as part of the settlement with the Department of Justice and the Securities and Exchange Commission, but would acknowledge oversight failures and sign on to particular compliance reforms, the sources said.
Such a deal would wrap up more than four years of probes into whether Morgan Stanley improperly leaked to hedge fund investors word that large blocks of stock were about to go on sale.
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