S.E.C. Seeks to Require Brokers to Put Their Clients First

S.E.C. Seeks to Require Brokers to Put Their Clients First

The S.E.C.’s proposal consists of three elements. First, it could require brokers to place their clients’ pursuits first when making funding suggestions. Second, it could require registered brokers and registered funding advisers to offer a quick abstract of their relationship with purchasers. And final, it could reaffirm and make clear the present guidelines of conduct […]

Opinion

Opinion

In addition, he tripled the dimensions of his security detail, additionally at taxpayer expense. He ordered bodyguard protection 24 hours a day. He insisted on flashing lights and sirens to take him to the airport and to eating places, a perk typically reserved for the president and vice chairman. He rented a room at $50 […]

Goldman Sachs May Be Getting Its Groove Back

Goldman Sachs May Be Getting Its Groove Back

While different large banks, together with Bank of America, Citigroup and JPMorgan Chase, reported solely modest improvements in buying and selling income for the quarter in contrast with the identical interval final yr, Goldman’s haul jumped 23 %. The surge got here not simply from a rise in inventory buying and selling, but in addition […]

Facebook Is Creepy. And Valuable.

Facebook Is Creepy. And Valuable.

We don’t know. “We don’t understand the value to us of the new data economy nor the risks it entails,” stated Leonard Nakamura, an economist on the Federal Reserve Bank of Philadelphia who has studied the financial influence of information. “We just let it rip and now are trying to catch up.” Unfortunately, we’ve solely […]

DealBook Briefing: Hank Greenberg Wants to Defang the N.Y. Law That Brought Him Down

DealBook Briefing: Hank Greenberg Wants to Defang the N.Y. Law That Brought Him Down

____________________________ Today’s DealBook Briefing was written by Michael J. de la Merced and Amie Tsang in London. ____________________________ Photo Randall Stephenson, left, and Jeffrey Bewkes. Credit Evan Vucci/Associated Press What will the AT&T and Time Warner C.E.O.s say on the stand? Randall Stephenson of AT&T and Jeffrey Bewkes of Time Warner are expected to testify […]

Wall Street Titan Takes Aim at Law That Tripped Him Up

Wall Street Titan Takes Aim at Law That Tripped Him Up

State securities regulators say that the laws would intestine their powers, despite the fact that comparatively few executives had been held to account following the monetary disaster. “This bill would be terrible for investors all across America,” Eric Schneiderman, the legal professional basic of New York, stated in an interview. “For every Fortune 500 C.E.O. […]

When Mr. Gates Went to Washington

When Mr. Gates Went to Washington

Mr. Zuckerberg even mentioned a number of occasions that he was open to new regulations geared toward his firm, with out committing to any specific strategy. The distinction was clear, mentioned Senator Richard Blumenthal, a Democrat from Connecticut, who has seen each Facebook and Microsoft up shut. He questioned Mr. Zuckerberg in Congress, and within […]

Facebook Takes the Punches While Rest of Silicon Valley Ducks

Facebook Takes the Punches While Rest of Silicon Valley Ducks

For now, at the least. Before Mr. Zuckerberg testified on Tuesday, Charles E. Grassley, Republican of Iowa and chairman of the Senate Judiciary Committee, sent letters to Mr. Pichai and Mr. Dorsey with 14 questions. In his letter to Google, Mr. Grassley wished to “understand how Google manages and monitors user privacy for the significant […]

Bank Earnings Boom as Regulators Relax Rules

Bank Earnings Boom as Regulators Relax Rules

The Federal Reserve this week proposed two adjustments to its guidelines for the quantity of capital banks want to carry. Big banks can have extra freedom to distribute capital to their shareholders than they’ve had since rigorous capital necessities have been imposed within the aftermath of the 2008 monetary disaster. The eight largest United States […]

How Can Oats, Which Don’t Contain Gluten, Be Labeled ‘Gluten Free’?

How Can Oats, Which Don’t Contain Gluten, Be Labeled ‘Gluten Free’?

Photo Credit iStock Q. How can meals like oats, which don’t include gluten, promote themselves as “gluten-free”? A. While oats don’t inherently include gluten, they could carry the gluten-free label to allay issues about cross-contamination with gluten-containing grains. Although most individuals can get pleasure from gluten-containing meals with out challenge, unintentionally consuming even small quantities […]