Posts tagged with: "financial+services"
Results 1 - 20 of 7,403
Sorted by Relevance
|
Sort by Date
4 May 2012, 5:57 pm
Woodbury Financial Services, Inc. (CRD #421, Oakdale, Minnesota) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $45,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to establish, maintain and enforce an adequate system to review equity trades for excessive trading.
Excessive trading, often called quantitative suitability, generally relates to any time a… [read post]
27 Jan 2012, 6:48 am
Woodbury Financial Services, Inc. (CRD #421, Oak Dale, Minnesota) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $75,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that a firm registered representative converted approximately $990,000 from the firm’s customers, through separate wire requests; these wire requests directed that funds be withdrawn from the firm’s… [read post]
20 Jun 2011, 4:26 am
The deal will allow PNC to expand into the Southeast, and includes 424 branches in North Carolina, Florida, Alabama, Georgia, Virginia and South Carolina. [read post]
27 Jan 2012, 7:22 am
Hantz Financial Services, Inc. (CRD #46047, Southfield, Michigan) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that the firm failed to establish and maintain an adequate supervisory system to ensure that it immediately recorded on the firm’s books and records checks its customers mailed to the firm. The findings… [read post]
27 Jan 2012, 6:55 am
Capital Financial Services, Inc. (CRD #8408, Minot, North Dakota) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and ordered to pay $200,000 in restitution to investors.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to have reasonable grounds to believe that private placements offered by two entities pursuant to Regulation D were suitable for any customer. The findings… [read post]
7 Mar 2013, 9:01 am
E.S. Financial Services, Inc. (CRD #104316, Miami, Florida) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $200,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it served as a placement agent and solicited certain non-U.S. persons to invest in a commercial paper program offered by a firm affiliate located 2013 outside the United States.
The commercial paper… [read post]
7 Apr 2011, 7:26 am
The PNC Financial Services Group is raising its quarterly payout to 35 cents a share from 10 cents and plans to spend as much as $500 million this year buying back stock. [read post]
8 Oct 2010, 11:17 am
Bank of America, the country's largest bank, is halting all foreclosure proceedings and sales of foreclosed homes indefinitely. [read post]
3 Nov 2010, 10:52 am
Underscoring its goal of slimming down and shedding noncore assets, Bank of America said it would sell the majority of its stake in BlackRock. [read post]
22 Jun 2011, 5:52 pm
"Too small to succeed" is expected to drive consolidation in the industry, but many bank buyers are choosing to wait. [read post]
17 Sep 2010, 4:25 am
Citigroup said Friday that it will sell its big student loan business to Sallie Mae and Discover Financial Services, a transaction it has sought as part of the bank's reorganization. [read post]
22 Jul 2010, 4:19 pm
Citigroup and Goldman Sachs are among the 17 companies that the special master for executive pay is expected to spotlight for making lavish payouts during the financial crisis. [read post]
19 Jun 2011, 2:18 pm
The deal for Royal Bank of Canada's American retail banking unit would help the PNC Financial Services Group expand into the Southeast. [read post]
20 Jul 2011, 5:51 am
The PNC Financial Services Group posted a second-quarter profit of $912 million, up 12 percent from the period a year earlier, benefiting from strong gains in retail banking and asset management as well as improving credit conditions. [read post]
4 Nov 2010, 4:16 am
The Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, has named a top executive from Zurich Alternative Asset Management as the new chief investment officer of its private equity unit, Pensions & Investments reported. [read post]
7 Oct 2011, 5:00 pm
American Banker's award gala for the top women in banking was more subdued than in previous years, reflecting the Wall Street protests and the death of Steve Jobs. [read post]
17 Dec 2009, 11:28 am
Good news about The HartfordMoody's Investors Service changed its ratings outlook on The Hartford
Financial Services Group Inc. (HIG) to stable from developing, saying the
struggling life insurer's capitalization and financial flexibility has improved.
[read post]
13 Apr 2010, 4:27 pm
Lawmakers are moving into financial jobs as Wall Street seeks to weaken a proposed regulatory overhaul by hiring those who wrote the rules. [read post]
18 Mar 2011, 6:31 pm
Nearly 600 institutions are holding on to more than $30 billion, about 13 percent of the $245 billion handed out to banks during the financial crisis. [read post]
5 Oct 2009, 5:04 pm
Here is a bit of good news for investors with securities arbitration claims against 14 of the largest brokerage firms, including Merrill Lynch, Morgan Stanley Smith Barney and Wells Fargo. The Financial Industry Regulatory Authority (FINRA) has agreed to extend its year-old pilot program established to give investors the option to request an arbitration panel composed entirely of arbitrators that are not affiliated with the securities industry. Currently, a 3-person arbitration panel must include… [read post]