A new survey finds that Wall Street bonuses this year will be flat despite strong gains in the stock market.
This comes as hundreds of new rules take effect pushing the industry away from making risky bets.
In the past those risky bets led to big profits and big bonuses. But the Dodd-Frank Wall Street Reform Act introduced rules requiring banks to keep more cash on hand and curb the kinds of complicated trading that led to the financial collapse in 2008.
New York Attorney General Eric Schneiderman says he's reached a deal with 18 investment banks to halt what he calls Insider Trading 2.0. This is the latest in an ongoing investigation over something that isn't exactly illegal.