It can demand that securities brokers and dealers submit detailed trading information.
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It also allowed banks, securities brokers and jobbers (market-makers in securities), which had previously been separated by law, to deal under one roof.
Currently FINRA is responsible for securities brokers, the Commodities Futures Trading Commission for commodities traders and the Federal Reserve for the largest banks.
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For questions on securities brokers, contact your state securities administrator.
After moving from Manhattan to the region in the 1990s, I was initially surprised to meet many commodities and securities brokers who had migrated here after being barred from the industry folks who freely discussed their past transgressions.
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The ICI is opposing rules that would require securities brokers to disclose at the point of sale both their own financial interests in selling funds and funds' costs in such detail that the industry fears it would discourage sales.
Securities brokers offer SIPIC protection.
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They use the Internet, the application of innovative technology and the assistance of licensed securities brokers when appropriate to provide a broad universe of accredited and institutional investors with efficient access to private company stock investment opportunities and to take friction out of the transaction process.
The SEC has a broad oversight mission that includes watching over securities exchanges, brokers and dealers, investment advisers and mutual funds.
But what if you hold securities at different brokers and fund companies?
They then conspired with issuers of securities and individual stock brokers, to defraud union pension plans.
Higher volumes are like water to parched throats for brokers like Nomura Securities (NYSE: NMR).
When state securities regulators checked up on brokers under their supervision recently, they opened a window on what investors can expect in terms of worst practices.
Under the Dodd-Frank financial reform act, which Wall Street and brokers abhor, the wise drafters of the law asked the Securities and Exchange Commission (SEC) to study a uniform fiduciary code for brokers.
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He and several brokers from Refco and Pond Securities are the targets of that SEC civil investigation.
Brokers may treat those as securities, but you will want to treat them as Section 1256 contracts instead per our content.
For example, the proposals require brokers to track the basis in securities transferred from other firms--provided that information is transferred with the securities.
On May 1, 1975, the Securities and Exchange Commission deregulated commissions among stock brokers, unleashing intense competition among financial services firms and giving birth to the now widespread practice of individual investing.
The SEC contends in its most recent case that Thomas Badian's brother, Andreas Badian, an official at Rhino, directed three brokers who were affiliated with Refco Securities, (two of them were also affiliated with another brokerage that was named in the case) to sell short massive amounts of Sedona shares with "unbridled levels of aggression, " intending to "clobber" Sedona's stock price until it collapsed.
Failure to supervise brokers who were selling fraudulent and unsuitable securities.
According to a number of ex-Cantorites, for a time Lutnick and his Investment Strategies Group traders had access to the internal screens that the wholesale brokers used in Cantor's government securities brokerage rooms.
It is an issue that has already been raised in reference to Sedona Sedona. in an ongoing civil lawsuit against a number of brokers and hedge funds and in a Securities and Exchange Commission federal court case filed in April in New York against one brokerage and several individuals.
It is an issue that has already been raised in reference to Sedona Sedona (otcbb: SDNA - news - people ). in an ongoing civil lawsuit against a number of brokers and hedge funds and in a Securities and Exchange Commission federal court case filed in April in New York against one brokerage and several individuals.
Japan's Mitsubishi UFJ and Morgan Stanley decided to merge their Japanese securities units, creating one of Japan's biggest brokers.
The way the government securities market had worked until that point was that wholesale brokers like Cantor arranged trades between primary dealers.
Would brokers and banks have been pushing auction rate securities as entirely safe investments if the bureau had been around three years ago?
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One of the most important provisions of Dodd-Frank to retail investors was Section 913, which required the Securities and Exchange Commission to consider a fiduciary duty for brokers.
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The Securities and Exchange Commission (SEC) has proposed numerous changes to this end, covering securities registration, money-market funds and capital standards for brokers.
It was fined hundreds of thousands of dollars to settle customer complaints and sanctions by securities regulators, including enforcement actions alleging that it employed unregistered brokers and kept inaccurate books, according to regulatory documents.
The Securities and Exchange Commission was able to exert authority over the brokers only when Richard Whitney, the president of the New York Stock Exchange, had shamed the entire profession by being imprisoned in Sing Sing in 1938 for embezzling money from his partners, his friends, his clients, his clubs, his brother and even his wife.
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