SEC
Is He Selling You a Stock? Or a Big Fat Lie?
©2015 Bloomberg News NV4PIR6KLVRQ (Bloomberg) — Gaeton Della Penna met many of his clients through his church. The Sarasota, Florida, financial adviser took their $3.8 million and promised safe investments with returns of at least 5 percent a year. Instead, in May 2014, the U.S. Securities and Exchange Commission charged him with using some of the money on
Wall Street Research, Wrong but Honest: Barry Ritholtz
©2015 Bloomberg View NQ49DH6KLVR5 (Bloomberg View) — Sometimes the gains from a new regulatory regime are obvious. The creation of the Federal Deposit Insurance Corp. is a perfect example. Your bank deposits are guaranteed by the government up to some stated amount, no matter the recklessness or irresponsibility of the
SEC Approves Plan to Boost Traders’ Interest in Small Stocks
©2015 Bloomberg News NNYA936K50YF (Bloomberg) — The U.S. Securities and Exchange Commission approved a two-year program designed to test ways to boost investors’ interest in smaller stocks. The trading experiment, championed by small-business advocates and opposed by big investors such as Fidelity Investments and D.E. Shaw & Co., will widen the