U.S. Securities and Exchange Commission

• FBI Reports Unprecedented Rise in Investment Fraud Schemes

  By Michelle A. Samaad  |  October 5, 2012

  Since 2011, victims of investment fraud schemes have lost more than $20 billion, according to the FBI.

• FSOC Starts Clock on Designating A Non-Bank as Systemically Significant

  By Arthur D. Postal  |  October 2, 2012

  The Financial Stability Oversight Council has started the clock on a six-month process for designating a non-bank as systemically significant.

• SEC Report Reveals Gaps in Broker-Dealers’ Use of Client Info

  By Michelle A. Samaad  |  October 2, 2012

  Report highlights conflicts of interest scenarios and strengths and weaknesses identified in examinations into how broker-dealers keep material, non-public information from being misused.

• Forces at Work to Lift Veil of Secrecy Around CEO Pay

  By Robert McGarvey  |  October 1, 2012

  The email from a usually voluble credit union executive who had been asked to comment on the secrecy that surrounds compensation of top managers at federally chartered credit unions said, “Too touchy of a subject for me. Sorry.”

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  Top 5 Issues Pressed by Lawmakers at NAFCU’s Congressional Caucus

  By Heather Anderson  |  September 24, 2012

  Here's a look at the top 5 issues, other than member business lending legislation, pushed at NAFCU's 2012 Congressional Caucus.

• Insurers Waging Battle With Fed Over Regulation of Thrift Holding Companies

  By Arthur Postal, Elizabeth D. Festa  |  August 28, 2012

  Federal Reserve filing reveals for first time the battle insurers are waging to preserve state regulation, limit federal intrusion on their activities.

• FINRA Fee Increases May Raise Sticker Price on Financial Advice

  By William H. Byrnes, Esq., and Robert Bloink, Esq., LL.M.  |  August 2, 2012

  FINRA’s proposed 25% increase in the fees that it collects from financial service firms may become a reality within the next few months.

• Congress Passes Bill to Enable Pension Funding of Life Insurance Purchases

  By Arthur D. Postal  |  July 3, 2012

  Sponsors of defined benefit pension plans will be able to use excess money in their plans to fund the purchase of life insurance for their retirees for the first time.

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  Losses Shake Markets

  By Michelle A. Smaad  |  May 21, 2012

  The aftermath of a $2 billion trading loss at JPMorgan Chase & Co., continues to spread both in and outside the company.

• Fraudulent Loan Modifications Take Down Texas Bank, Executives Charged by SEC

  By Michelle A. Samaad  |  April 19, 2012

  CEO, CFO of now-bankrupt Franklin Bank Corp. in Houston accused of fraud for loan modification programs intended to hide nonperforming loans, artificially boost earnings.