Chris Kentouris

In a proposed new rule regulating the use of third-party service providers, the self-regulatory agency for broker dealers, says that outsourcing doesn’t relieve a broker-dealer from its regulatory obligations.

A New York judge has dismissed a class action lawsuit against State Street as the sponsor of a mutual fund, saying that even though the mutual fund misrepresented its risks, investors were not harmed. That's because the fund correctly calculated its net asset value.

After weeks of speculation, Nasdaq OMX has formally teamed up with IntercontinentalExchange to try and top Deutsche Borse’s takeover bid for NYSE Euronext. Nasdaq OMX and ICE have offered $11.3 billion while the Deutsche Borse, the owner of the Frankfurt stock exchange, wants to buy NYSE Euronext for about $10 billion

Here is a rundown of five potential pitfalls in cost-basis reporting which Wolters Kluwer Financial Services says brokerage firms, mutual fund companies, transfer agents and even corporations should watch out for as the tax season for securities reporting peaks.

Investors in externally managed and sub-advised accounts could save about $1 billion a year in commissions paid to brokerage firms by their fund managers. So says UAT, a Denver-based technology firm specializing in the externally managed and subadvised industry. Incumbent commission management firms disagree.

The Financial Industry Regulatory Authority won’t force investment advisers to meet the same rules as broker-dealers, according to FINRA’s chairman and chief executive officer Richard Ketchum.

The SEC is seeking industry comment on a proposal to require broker-dealers to follow the same rules as transfer agents when it comes to finding so-called “lost shareholders.”

Alternative investment funds which need to register with the Securities and Exchange Commission for the first time will find it a costly process, according to research firm Aite Group.

When it comes to municipal bonds, broker-dealers face an unusual challenge that is beyond their control.

Senior ranking brokerage operations and operational risk executives beware: the Securities and Exchange Commission says the buck now stops with you when it comes to proving you have sound procedures in place.

It’s official. The Deutsche Borse and NYSE Euronext confirmed they inked a deal to create the world’s largest trading powerhouse.

The Securities and Exchange Commission has charged a Long Island investment adviser with defrauding his customers a total of $8 million after inflating the value of their holdings through a practice called cross-trading.

The SEC has fined BNY Mellon $24 million and has banned a former manager of institutional trading at Mellon Securities from associating with any broker dealer firm after carrying out what it called an “eight-year best execution fraud.”

The Securities and Exchange Commission has extended by four months the date by which advisors must deliver information about their personnel to their clients to help them make the necessary operational adjustments.

The SEC has revoked the registration of Thrasher Capital Management in New York for not providing the company’s books and records to the regulatorin May 2009 and ignoring repeated requests to do so.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

Paladyne Systems has launched a new turnkey front-to-back office service for start-up hedge funds called Paladyne FastStart.

Boston-based State Street Global Advisors (SSgA) will buy Bank of Ireland Asset Management for about $79.3 million, State Street confirmed on Friday.

Institutional investment managers may soon have to report to the Securities and Exchange Commission on what say they have on executive pay at the firms they invest in.

Financial software firm FIS has signed a deal to buy technology consultancy Capco for at least $292 million.