But the Financial Services Institute Inc. isn't suggesting it should be Finra just yet
House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor protection and bringing investment funds under government supervision as they hear the views of regulators, industry officials and investor advocates.
Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress' efforts to revamp the U.S. financial rule book.
Some of the nation's secretaries of state want Congress to change regulations that kept them out of the loop during a federal probe of the now-defunct Stanford Financial Group.
Regulators and representatives of the insurance industry appeared before Congress today to discuss a new draft of the Federal Insurance Office Act of 2009.
The head of the Financial Industry Regulatory Authority Inc. today threw the group's support behind allowing the Securities and Exchange Commission to ban mandatory arbitration clauses in securities contracts.
Beacon Pointe Advisors of Newport Beach, Calif., a wealth management firm with $4 billion in assets that caters to high-net-worth individuals, is looking to bolster its business with wirehouse castoffs.
Although financial advisers think that succession planning is important, many also believe that they aren't getting enough help preparing for that transition, according to a new survey conducted by Mathew Greenwald & Associates Inc. for John Hancock Financial Network.
Remember a year ago? Worst case scenarios DO happen.
Investment advisory firms would have to pay fees to cover the cost of SEC examinations under draft legislation released last week by a senior lawmaker.
A new survey suggests that independent investment advisers are becoming more optimistic about the economy.
The Financial Industry Regulatory Authority Inc. will expand a pilot program that allows investors to choose arbitration panels without industry participants.
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
Many American households would be in financial distress if confronted with the loss of a breadwinner, according to a recent survey from New York Life Insurance Co.
The investment advisory profession is facing a number of serious policy issues that could dramatically alter the manner in which it is regulated and transform the high ethical standards that have been a hallmark of the profession for decades.
By at least one measure, today's teenagers are more responsible than their parents were.
The debate about health care reform has resulted in at least one potential benefit: People are talking about end-of-life decision making
JPMorgan Chase & Co. and Bank of America Corp. may be giants of the financial services world, but they're retrenching when it comes to serving independent advisers.
Growth in The Hartford Financial Services Group Inc.'s wealth management and retirement businesses will be a renewed area of focus as the insurance giant welcomes its new chief executive, Liam E. McGee, who officially joined the firm last week from Bank of America Corp.
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
