Posts Tagged ‘Shock’

New Provision in Investors Protection Act to Provide FINRA with Additional Power

In a recently added amendment to the Investor Protection Act (IPA) of 2009, the Securities and Exchange Commission (SEC) would have the power to allow the Financial Industry Regulatory Authority (FINRA) to carry out oversight on investment advisers working at broker-dealer firms.

Though some agree with this move while others oppose, it came as a shock to both sides that the amendment was added so easily to the language of the bill.

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Brawlin’ Bernie: Madoff victorious in first prison fight

Bernie Madoff, after a heated debate with a fellow inmate over whether the stock market has actually bottomed out, reportedly got into his first altercation since being sentenced to 150 years in a Butner, N.C., federal prison.

Inmates who witnessed the fight told The New York Post that Mr.

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