Breaking News

SIFMA Opposes Blanket Fiduciary Standard for Broker-Dealers

September 3, 2010 - Represented by an influential lobbying group, broker-dealers are striking out against proposed regulations which would require them to adhere to an equal “fiduciary” standard with registered investment advisors in giving advice to retail investors.

Pinnacle Hit With SEC Fine for Poor AML Practices

September 2, 2010 - Pinnacle Capital Markets has once again has been slapped with a fine for inadequate anti-money laundering and customer identification procedures involving foreign investors using its direct market access system.

EU to Allow Temporary Ban on Short-Selling

September 2, 2010 - European regulators could be allowed to ban abusive short selling of equities and naked short selling of credit default swaps and sovereign debt for three months at a time.