Compliancex

Hitting the limits of “outside the box” thinking? Monetary policy in the crisis and beyond

Central banks have had to “think outside the box” to address unprecedented financial instability and to provide monetary stimulus in trying times. Monetary accommodation has been critical to stabilise the financial system and the economy. But questions remain about the efficacy of such policies as long as balance sheets and structural headwinds are not more fully addressed. Monetary accommodation can only be as helpful as the balance sheet, … Read More »

One of the nation’s largest brokerage firms, LPL Financial, is paying $7.5 million to settle accusations that it made misstatements to regulators and failed to supervise its brokers’ communications properly.

LPL has grown into a brokerage powerhouse … Read More »

Two months ago, the US government fired its first warning shot at the booming world of virtual currencies. The US Financial Crimes Enforcement Network issued guidance … Read More »

As investors move increasingly into sophisticated investments, brokerage firms need to do a better job of talking to them about the dangers of such complex products, the industry’s regulator said today.

Richard G. Ketchum, chairman and chief executive of … Read More »

Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief said … Read More »