The US regulator's decision depends on whether the Financial Industry Regulatory Authority (FINRA) implements strict pay-to-play rules prohibiting activities by registered broker-dealers acting as placement agents.
Two Pension Funds Sue Morgan Stanley Over Compensation; Juniper Hit With $169 Million Backdating Settlement
The Security Police and Fire Professionals of America Retirement Fund & Central Laborers’ Pension Fund label Morgan Stanley's payouts as “unjust enrichment” for failing to administer its compensation plans in the best interests of the company and its shareholders; Juniper Networks to pay millions in backdating suit.
California Attorney General Edmund G. Brown Jr. says funds must divest from companies doing business in Iran.
Despite a predicted deficit of $1.6 trillion this year, Steve Peacher says policy makers in the US have sufficient time to deal with the triple-A rate cut issue.
Andrew Cuomo, New York attorney general, claims Bank of America, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price lied to shareholders about the acquisition of Merrill Lynch & Co.
The Chicago Public School Teachers’ Pension & Retirement Fund (CTPF) and the City of Atlanta Firefighters' Pension Plan filed the lawsuit over securities lending losses.
While utilities that have high emissions of carbon dioxide stand to lose, SWFs and pension funds look at legislation as an opportunity to gain.
A former investment officer at New Mexico’s pension fund for teachers says the governor’s administration is covering up bribery and kickbacks.
Citigroup and Goldman Sachs are among the 33 companies on the hot seat.
The proposal, if passed, likely would lead to the breakup of some of the nation’s largest banks.
Following the recovery in financial markets, Mexico’s pension fund companies more than doubled to a record net profit in 2009.
A U.S. market regulator hits BofA with a lawsuit for failing to disclose extraordinary losses at Merrill before the acquisition deal in 2008.
During the first day of testimony before the FCIC, bank bosses were both apologetic and defensive, at one point claiming that institutional investors who dealt with them were professionals and should be responsible for their actions.
Middlemen got $125 million from private investment funds for arranging deals with CalPERS.
The FCIC, established to investigate the financial crisis and make recommendations to Congress, begins its hearing in Washington today.