Regulation And Legislation

Displaying 10529 results
FSI goes straight to Obama to protest Labor fiduciary proposal
REGULATION AND LEGISLATION OCT 25, 2011
FSI goes straight to Obama to protest Labor fiduciary proposal

In an effort to halt that regulation and persuade the department to start over, the Financial Services Institute is going over Ms. Borzi's head and her boss's head, Secretary of Labor Hilda Solis, to President Barack Obama.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 23, 2011
BlackRock, ProShares clash at ETF hearing

As Congress begins to assess the possible role of exchange-traded funds in recent market volatility, two ETF providers are clashing over the best way to help investors navigate the increasingly complex products

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 23, 2011
BofA said to shift derivatives from Merrill to bank

Bank of America Corp., hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to sources with direct knowledge of the situation

By Bloomberg
REGULATION AND LEGISLATION OCT 23, 2011
Politics weighs on economy

When advisers and clients discuss what's happening in Washington, it tends to be an outlet for venting about political gridlock

By Mark Schoeff Jr.
WIREHOUSES OCT 23, 2011
Volcker rule would affect rich clients most

As work begins on the final version of the Volcker rule, wirehouse financial advisers say that their high-net-worth clients would feel the biggest impact from any new regulations that placed investment restrictions on financial institutions

By Andrew Osterland
ARS whoopin' as judge tosses NY state suit against Schwab
REGULATION AND LEGISLATION OCT 21, 2011
ARS whoopin' as judge tosses NY state suit against Schwab

Says AG's complaint devoid of any allegation of misrepresentation by brokerage to clients

By John Goff
REGULATION AND LEGISLATION OCT 21, 2011
Pay up: The SEC's greatest hit$ since the financial crisis

By John Goff
REGULATION AND LEGISLATION OCT 21, 2011
Occupy in the sky

Surprisingly, an exclusive <i>InvestmentNews</i> poll shows that nearly 40 percent of advisers support the Occupy Wall Street movement. But an even larger percentage say nothing will come of the protests. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111013&amp;Category=FREE&amp;ArtNo=101309997&amp;Ref=PH>Which investment industry bigshots back OWS -- and which don't</a>

By John Goff
Senate confirms SEC nominees
PRACTICE MANAGEMENT OCT 21, 2011
Senate confirms SEC nominees

The Senate confirmed two nominees to the Securities and Exchange Commission on Friday, bringing the agency back to full power.

By Mark Schoeff Jr.
Legg Mason's Bowden named to head SEC exam program
REGULATION AND LEGISLATION OCT 21, 2011
Legg Mason's Bowden named to head SEC exam program

Legg Mason's Andrew J. Bowden will join the SEC as an associate director to lead the National Investment Adviser/Investment Company Examination Program.

By Doug Cubberley
Advisers should gird for higher compliance costs: RJ's Helck
PRACTICE MANAGEMENT OCT 21, 2011
Advisers should gird for higher compliance costs: RJ's Helck

Investment advisers should get set for higher compliance costs &#8212; as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.

By Dan Jamieson
RIA NEWS OCT 21, 2011
State securities cops find more compliance violations

In their biennial tracking of the compliance violations of small investment advisers, state regulators have found a slight uptick in deficiencies per adviser, with about 45% of advisers found to have at least one books-and-records violation

By Liz Skinner
Court KOs Finra's fine-collecting
REGULATION AND LEGISLATION OCT 21, 2011
Court KOs Finra's fine-collecting

A U.S. Circuit Court of Appeals today ruled that the Financial Industry Regulatory Authority Inc. has no right to collect fines through court judgments

By Dan Jamieson
REGULATION AND LEGISLATION OCT 21, 2011
Due-diligence woes bite Capital Financial again

Broker-dealer agrees to pay $200K to settle Finra allegations it sold unsuitable private placements; SEC charges still pending

By Bruce Kelly
RETIREMENT PLANNING OCT 21, 2011
Phyllis Borzi discusses being a plan fiduciary

The following is an edited version of testimony given July 26 by Phyllis C. Borzi, assistant secretary of labor in charge of the Employee Benefits Security Administration, before the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions

By MFXFeeder
LIFE INSURANCE AND ANNUITIES OCT 19, 2011
Industry trade groups flex lobbying muscles

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 18, 2011
NAPFA fears fallout from probe of ex-chairman

The National Association of Personal Financial Advisors is worried that its reputation will be tarnished in light of a second high-profile investigation involving one of its former executives

By Darla Mercado
'Best short EVER!' ends up costing Citi $285M
REGULATION AND LEGISLATION OCT 18, 2011
'Best short EVER!' ends up costing Citi $285M

Bank settles allegations that its B-D sold pool of mortgages to clients &#8212; then bet against them

By Liz Skinner
REGULATION AND LEGISLATION OCT 18, 2011
Volcker rule could change bank profit dynamics

One unintended consequence of the long-awaited Volcker rule, which was mandated by Dodd-Frank and finally issued by U.S. regulators last week, may be increased pressure on the retail-wealth-management businesses of wirehouses to contribute more to overall profitability

By Andrew Osterland
Wall Street getting fed up with Washington's dithering on deficit
RETIREMENT PLANNING OCT 18, 2011
Wall Street getting fed up with Washington's dithering on deficit

Occupy Wall Street protesters are lashing out against what they see as a financial industry luxuriating in wealth created at the expense of the middle class. Wall Street, however, has its own grievances against Washington, which were on display last week.

By Mark Schoeff Jr.