Tag Archive | "wall street reform"

Akaka: Bank investigations underscore need for 'Honest Broker' provision

Akaka: Bank investigations underscore need for ‘Honest Broker’ provision

MEDIA RELEASE According to news reports, federal authorities have begun investigations into whether numerous major banks misled investors about and bet against mortgage derivatives that they helped create. U.S. Sens. Daniel Akaka (D-HI) and Robert Menendez (D-NJ) said Tuesday, May 13 that this news, on the heels of similar charges filed against Goldman Sachs, underscores […]

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U.S. Sens. Daniel K. Akaka (D-Hawaii) and Robert Menendez (D-New Jersey) have offered an Honest Broker amendment to the Wall Street Reform bill to obligate financial professionals to act in the best interest of their clients by imposing fiduciary duty on brokers.

Akaka, Menendez introduce amendment to Wall Street reform bill

U.S. Sens. Daniel K. Akaka (D-Hawaii) and Robert Menendez (D-New Jersey) have offered an Honest Broker amendment to the Wall Street Reform bill to obligate financial professionals to act in the best interest of their clients by imposing fiduciary duty on brokers.

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