As the SEC reports a rise in investment scams that target the elderly, the Pacific Service Credit Union is doing its part to protect them from financial abuse.
Christopher Colford, who has extensive experience as a communications professional in government, business and journalism, is NCUA Chairman Debbie Matz's new special adviser for communication.
It may be difficult for the SEC to pinpoint if the latest round of Ponzi schemes involving retired bus drivers, the elderly and Cuban-Americans were credit union members.
NAFCU President/CEO Fred Becker told the Credit Union Times today he thinks the NCUA is "trying something similar" to the FDIC as it attempts to separate toxic assets from corporates seeking recapitalization.
The SEC has adopted new rules it says are designed to significantly strengthen the regulatory requirements governing money market funds and to better protect investors.
The fate of Corporate America Credit Union's securities fraud lawsuit against former U.S. Central Federal Credit Union executives and volunteers is now in the hands of an Alabama federal judge: the Hon. Inge Johnson.
Broker-dealers would be required to establish, document and maintain a system of risk management controls related to their clients' access to markets under a new SEC proposal.