Tom Steinert-Threlkeld

The Financial Industry Regulatory Authority Friday morning said it is seeking a Temporary Cease and Desist Order against a San Antonio brokerage that allegedly is operating a "boiler room" designed to raise money for oil and gas ventures its president runs.

Broadridge Financial Solutions said it acquired Forefield, Inc., in an effort to expand its business in electronic communications with investors.

The London Stock Exchange Group said UBS AG became the first international bank to begin directly reporting market data usage, in real time.

The Securities and Exchange Commission’s insider trading sweep leaped across the Atlantic Ocean, with a former tax partner at Deloitte LLP charged with leaking confidential information on potential mergers to family members in London.

On his last day of work at Goldman Sachs Group, programmer Sergey Aleynikov sent pieces of Goldman's trading software to an outside computer server, a jury in New York was told on the opening day of his trial on charges that he stole computer code.

State Street said it will cut 5% of its work force, as it accelerates its investment in new technologies such as "private processing clouds."

Technology analyst Mary Meeker is leaving Morgan Stanley to join Kleiner Perkins Caufield & Byers, a venture capital firm that backed browser pioneer Netscape Communications in 1994 and search giant Google in 1999

Bank of America Merrill Lynch introduced a gauge of risk, hedging demand and investment flows, the bank and brokerage firm said, "is designed to help investors identify market risks earlier and more accurately than commonly used risk indicators," such as the Chicago Board Options Exchange Market Volatility Index, or VIX.

Goldman Sachs introduced an upgraded version of its execution management system, designed to help traders carry out 'relative value' strategies aimed at cancelling out effects of broad market moves.

In another outgrowth of the May 6 Flash Crash, the Securities and Exchange Commission Monday approved rules that would effectively prohibit "stub quotes" in the U.S. equity markets.

The Securities and Exchange Commission may want to look more closely at the role of algorithms in U.S. capital markets, but the chief operating officer of NYSE Euronext said he does not think national securities regulators should get into the business or process of vetting mathematical formulas.

Even though it is smaller banks that are continuing to fail, smaller banks have consistently maintained stronger loan portfolios than large banks, Federal Deposit Insurance Corporation chairman Sheila Bair told the Securities Industry and Financial Markets Association.

The Securities and Exchange Commission has to get to the bottom of what its chairman, Mary L. Schapiro, called "loose" capital markets on Monday.

Reform of Wall Street and the financial services industry is not a punitive action, industry executives said Monday. Rather, the 235 rulemaking procedures now under way are needed to restore consumer confidence that "this is a fair game," according to comments made this morning at the SIFMA Annual Meeting.

The Securities and Exchange Commission Wednesday unanimously voted to ban ‘naked access’ to stock markets by unregistered entities.

The joint committee is conducting a review of the market events of May 6, 2010 and making recommendations related to market structure issues that may have contributed to the volatility, as well as disparate trading conventions and rules across various markets.

Bank of America Merrill Lynch said it will create a global service bureau for communications between banks on securities transactions.

The Women Advisors Forum opens Monday with food for this thought: That gender equality is the basis for intelligent investing.

The Securities and Exchange Commission charged two hedge fund portfolio managers and their investment advisory businesses with defrauding investors by overvaluing illiquid fund assets they placed in a "side pocket."

Broker-dealers who are sponsoring their customers' direct access to securities markets need to face a "higher level of accountability with respect to the algorithms they use,'' according to their chief regulator.