Uncharacteristically, FINRA plans to propose a rule that makes it easier and fairer for securities disputes to be decided. Arbitration, currently presided over by a group least one member of the securities industry, would shift to a committee of only members of the public.
The SEC continues to crack down on phone investment scams that target innocent investors. For a complete list of press releases regarding their cases, see the Commission’s press releases.
Some large banks have fully repaid their TARP loans, but we must not forget the billions loaned out to smaller banks, many of which are struggling to repay. Less than 20% of the banks that accepted loans have repaid fully, and over $60 billion was still due to the Treasury as of August, Reuters reports.
Assisted by David Martin