Showing 13 to 21 of 21 results
Saba Capital's Investment Trust Restructuring Plan Raises Woodford-Style Collapse Fears
Saba Capital's plan to convert four UK investment trusts from closed-ended to open-ended funds risks repeating the Woodford fund's collapse, putting investor savings at risk, according to Baroness Ros Altmann, who warns that this could damage future returns for other investors.
Saba Capital's Investment Trust Restructuring Plan Raises Woodford-Style Collapse Fears
Saba Capital's plan to convert four UK investment trusts from closed-ended to open-ended funds risks repeating the Woodford fund's collapse, putting investor savings at risk, according to Baroness Ros Altmann, who warns that this could damage future returns for other investors.
Progress
52% Bias Score
Robinhood to Pay $45 Million for Securities Law Violations
The SEC fined Robinhood's two broker-dealers $45 million for numerous securities law violations, including failing to report suspicious trading, maintain proper records, and protect customer information between 2020 and 2021.
Robinhood to Pay $45 Million for Securities Law Violations
The SEC fined Robinhood's two broker-dealers $45 million for numerous securities law violations, including failing to report suspicious trading, maintain proper records, and protect customer information between 2020 and 2021.
Progress
40% Bias Score
Madoff Victim Fund Completes Final $4.3 Billion Payout
The Madoff Victim Fund concluded its final $131.4 million payout on Monday, concluding a decade-long effort to return $4.3 billion to 40,930 victims of Bernard Madoff's Ponzi scheme, recovering an average of 93.71% of proven losses.
Madoff Victim Fund Completes Final $4.3 Billion Payout
The Madoff Victim Fund concluded its final $131.4 million payout on Monday, concluding a decade-long effort to return $4.3 billion to 40,930 victims of Bernard Madoff's Ponzi scheme, recovering an average of 93.71% of proven losses.
Progress
36% Bias Score
Executive Survey Reveals High Prevalence of Undetected Earnings Manipulation
A study of 971 U.S. executives revealed that 27% admitted to manipulating earnings in the past five years, with the list experiment showing significantly higher rates of fraud (12%) and operational changes (30%) than the anonymous survey, highlighting the prevalence of undetected financial misconduc...
Executive Survey Reveals High Prevalence of Undetected Earnings Manipulation
A study of 971 U.S. executives revealed that 27% admitted to manipulating earnings in the past five years, with the list experiment showing significantly higher rates of fraud (12%) and operational changes (30%) than the anonymous survey, highlighting the prevalence of undetected financial misconduc...
Progress
40% Bias Score
OSC Provides $11 Million to FAIR Canada for Investor Advocacy
The Ontario Securities Commission (OSC) is providing FAIR Canada, a national investor advocacy group, with $11 million in funding over six years to support its operations, addressing past criticisms of insufficient investor compensation.
OSC Provides $11 Million to FAIR Canada for Investor Advocacy
The Ontario Securities Commission (OSC) is providing FAIR Canada, a national investor advocacy group, with $11 million in funding over six years to support its operations, addressing past criticisms of insufficient investor compensation.
Progress
40% Bias Score
Trade Republic Sued for Misleading Deposit Insurance Claims
The Baden-Württemberg consumer protection agency sued Trade Republic in Berlin for misleading advertising about its 3% interest rate and deposit insurance, claiming the company didn't sufficiently disclose the variable rate and partial investment in uninsured money market funds.
Trade Republic Sued for Misleading Deposit Insurance Claims
The Baden-Württemberg consumer protection agency sued Trade Republic in Berlin for misleading advertising about its 3% interest rate and deposit insurance, claiming the company didn't sufficiently disclose the variable rate and partial investment in uninsured money market funds.
Progress
48% Bias Score
BMO to Pay US$40.7 Million in SEC Settlement Over Misleading CMO Bond Sales
Bank of Montreal (BMO) will pay US$40.7 million to settle SEC charges of misleading investors about its Agency CMO bonds by misrepresenting collateral information from December 2020 to May 2023, resulting in inflated marketing materials and potential investor harm.
BMO to Pay US$40.7 Million in SEC Settlement Over Misleading CMO Bond Sales
Bank of Montreal (BMO) will pay US$40.7 million to settle SEC charges of misleading investors about its Agency CMO bonds by misrepresenting collateral information from December 2020 to May 2023, resulting in inflated marketing materials and potential investor harm.
Progress
40% Bias Score
Express CEO's \$1 Million in Perks During Bankruptcy Draws SEC Scrutiny
Express, the fashion retailer, filed for bankruptcy amid declining sales; its CEO, Tim Baxter, used almost \$1 million in company perks, including personal jet use, which the SEC investigated, resulting in a cease-and-desist order without penalties due to cooperation.
Express CEO's \$1 Million in Perks During Bankruptcy Draws SEC Scrutiny
Express, the fashion retailer, filed for bankruptcy amid declining sales; its CEO, Tim Baxter, used almost \$1 million in company perks, including personal jet use, which the SEC investigated, resulting in a cease-and-desist order without penalties due to cooperation.
Progress
44% Bias Score
Court Ruling Hamstrings FINRA's Regulatory Power
A D.C. Court of Appeals ruling requires SEC approval for FINRA expulsions, impacting 628,000 brokers and 3,300 firms, and stemming from a constitutional challenge to FINRA's authority; the decision's long-term effects are uncertain given the incoming administration's deregulation agenda.
Court Ruling Hamstrings FINRA's Regulatory Power
A D.C. Court of Appeals ruling requires SEC approval for FINRA expulsions, impacting 628,000 brokers and 3,300 firms, and stemming from a constitutional challenge to FINRA's authority; the decision's long-term effects are uncertain given the incoming administration's deregulation agenda.
Progress
44% Bias Score
Showing 13 to 21 of 21 results