Securities Law Prof Blog: Credit Ratings Firms Expected to Announce New Fees System The three major credit ratings firms — Moody’s, Standard & Poor, and Fitch — are expected to announce that they will revise their fees structure to settle an investigation by the New York State Attorney General.

Credit Slips: Financial Literacy Education Under Attack: Man’s Search for Meaning

…most financial products (she focuses on investments not credit) are now so complex that no one can help us understand them

Investment Executive : Feds improve transparency of principal protected notes Federal finance minister Jim Flaherty today announced that regulations aimed at improving disclosure for principal protected notes (PPNs) have been approved and will come into force July 1.

Investment Executive : NBSC suspends MFDA rule regarding payment of commissions to non-registered entities NBSC suspends MFDA rule regarding payment of commissions to non-registered entities Regulators takes same action as other provinces

Investment Executive : OSFI offers guidance on hedge contracts and seg fund guarantee capital requirements Click here to find out more! The Office of the Superintendent of Financial Institutions has published a draft advisory that gives insurance companies guidance on the recognition of hedges in terms of their segregated fund capital requirements.

Investment Executive : U.S. regulators approve trading of futures and option contracts on gold ETF U.S. regulators approve trading of futures and option contracts on gold ETF First results of SEC-CFTC memorandum of understanding

Investment Executive : FSCO to review Ontario car insurance legislation FSCO to review Ontario car insurance legislation Regulator calls for submissions from stakeholders

SEC Charges FINRA Board Member with Fraud - Topix Richard Goble, a Financial Industry Regulatory Authority board member and founder and owner of North American Clearing , has been charged with fraud and other securities violations

SECLaw.com: Mel Weiss Sentenced to 30 Months for Kickback Scheme Mel Weiss, the former king of the plaintiff’s class action bar, was sentenced to 30 months in prison after plead guilty to charges that he and some of his partners obtained $251 million dollars in attorney fees, by paying $11 million in illegal kickbacks to lead plaintiffs.