The firm is responding to criticism that ratings firms underrate municipal debt relative to corporate bonds.
Municipal borrowers plan to pull at least $21 billion of bonds out of auction rate securities by May 1, Bloomberg reports.
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
The index of leading indicators that gauges future business activity fell 0.3% in February, the fifth straight month of decline.
Firms with less than $500 million in assets under management have been most affected, said David DeVoe, senior director of mergers and acquisitions for Schwab Institutional in San Francisco.
A cap on fees for Class C mutual fund shares looks like it will make its way into a rule on 12(b)-1 fees.
W.P. Carey & Co. was accused of selling more than $235 million of an affiliated REIT's shares without a registration statement.
401(k) participants who have borrowed from their investments rose from 9% in 2005 to 18% in 2007.
During last year's fourth quarter, 288 new funds were launched and 154 funds were liquidated, according to HFR.
