Posts tagged with: "financial+services"
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26 Feb 2014, 9:37 am by By MICHAEL CORKERY
Benjamin M. Lawsky, head of New York State's Department of Financial Services, said he was concerned that potential conflicts between Ocwen and four other publicly traded companies led by Ocwen's founder could “harm borrowers and push homeowners unduly in foreclosure.” [read post]
26 Jul 2013, 7:13 pm by D. Daxton White
According to Investment News, some investors are suing independent broker dealer, Berthel Fisher & Co. Financial Services, for failure to perform adequate due diligence on the TNP 2008 Participating Notes Program. In addition, the claim alleges that Berthel Fishers failed to make the necessary disclosures to investors regarding the deal. According to the claim filed in  US District Court of Iowa “Berthel Fisher had actual knowledge of misrepresentations and omission in the 2008… [read post]
18 Mar 2011, 6:31 pm by By BEN PROTESS and ERIC DASH
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]
15 Jul 2013, 10:21 am by D. Daxton White
Amerprise Financial Services, Inc. (CRD #6363, Minneapolis, Minnesota) submitted as Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $525,000.00. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it was required to provide each of its customers who purchased a mutual fund with a prospectus for that fund no later than three business days after the transaction.  The findings stated that the… [read post]
5 Oct 2009, 5:04 pm by Brett Alcala
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]
28 Nov 2011, 1:16 pm by Harrison
Reuters is reporting that a securities arbitration panel ruled that “Securian Financial Services Inc must pay an investor $2.4 million for failed investments in real estate limited partnerships…” The investor, Mr. Taylor, who brought a securities fraud claim before a Financial Industry Regulatory Authority (FINRA) arbitration panel alleged that Securian “misrepresented the real estate investments as being safe” and also that “the firm failed to supervise its broker.” A spokesperson… [read post]
30 Oct 2013, 4:03 pm by By ERIC LIPTON
The vote Wednesday, which included the support of 70 House Democrats, followed months of intense lobbying by Wall Street banks. [read post]
19 Dec 2012, 3:56 am by By JULIA WERDIGIER
Colorful e-mails released by regulators show the close relationship between UBS traders and employees at other banks and brokers involved in the setting of the yen-denominated Libor. [read post]
26 Mar 2014, 4:32 am by By CHAD BRAY
The Financial Conduct Authority of Britain said the Spanish bank Santander had "serious failings" in how it gave financial advice to consumers in its British branches. Santander has since overhauled its investment services. [read post]
8 Feb 2011, 1:08 am by By DEALBOOK
Banks and insurance companies are taking advantage of a federal aid program aimed at disadvantaged communities, claiming tax credits worth millions of dollars on projects like luxury hotels, Bloomberg Market magazine reports. [read post]
28 Mar 2013, 7:59 am by By MARK SCOTT
Ta, Financial Services Authority. Next week the regulator's work will be split between the Financial Conduct Authority and the Prudential Regulatory Authority. [read post]
24 Mar 2010, 11:11 am by By DEALBOOK
Buoyed by passage of landmark health care legislation, the Obama administration and Democrats in Congress said Wednesday that an overhaul of financial regulations was the next legislative priority. [read post]
27 Feb 2013, 5:48 pm by By BEN PROTESS and SUSANNE CRAIG
The S.E.C. is examining a derivative that allows investors to bet on a change in the price of a stock without owning the shares. [read post]
31 Mar 2014, 4:53 am by By CHAD BRAY
The Financial Conduct Authority says it plans to review how investment banks control the flow of internal information on benchmark rates, potential conflicts of interests within financial institutions and internal controls on traders in relation to global benchmarks. [read post]
21 May 2010, 4:08 pm by By DEALBOOK
The Obama administration has immediately begun trying to influence the process for combining the Senate and House bills, pressing for tough provisions in the face of a final onslaught of Wall Street lobbying. [read post]
16 Jun 2010, 8:16 pm by By DEALBOOK
Britain will abolish its main financial regulator and consolidate its authority in the Bank of England. [read post]
21 Jun 2011, 4:42 pm by By IAN AUSTEN
The bank now has more branches in the United States than in Canada, where it is based. [read post]
16 Mar 2010, 4:12 pm by By DEALBOOK
Two more big companies -- the Hartford Financial Services Group and Discover Financial Services -- are preparing to pay back the billions of dollars that they received from the government's banking bailout. [read post]
29 May 2012, 12:15 pm by By BEN PROTESS
While many investment advisers first panned a bill that would give broader authority to the Financial Industry Regulatory Authority, the plan is gaining traction in some parts of the financial world. [read post]
1 Jun 2010, 2:00 am by By DEALBOOK
Is now the time to buy bank stocks? Some sharp hedge fund managers think so, Breakingviews writes. [read post]