Massachusetts Fines Morgan Stanley Over Facebook IPO
Morgan Stanley, the lead
underwriter for Facebook Inc's initial public offering,
will pay a $5 million fine to Massachusetts for violating
securities laws governing how investment research can be
SEC Charges Morgan Keegan Founder Over Asset Pricing
U.S. securities regulators
filed civil charges against eight board members of mutual funds
run by Morgan Keegan, including one of the firm's founders,
saying they failed to oversee managers who inaccurately priced
toxic mortgage-backed assets leading up to the financial crisis.
Goldman Sachs Fined $1.5 million for Trading Glitch
Goldman Sachs Group Inc
was fined $1.5 million to settle charges it failed to supervise
its traders and allowing one futures dealer to hide billions in
dollars from sight and causing a $118 million loss.
Schwab Eyes Commission-Free ETF Supermarket
Charles Schwab Corp has
been quietly meeting with exchange-traded fund providers to try
to persuade them to join a new network that would make ETFs
available commission-free to the brokerage's 8.6 million
What the Market Wants: Shame of Washington!
I am politically independent, but I am shocked at the indifference both sides have to giving us some comfort that they will work together to get the fiscal cliff issues solved.