Practice

Direct Edge has been sanctioned for weak internal controls that led to millions of dollars in trading losses and a systems outage.

John Hancock Financial Network has launched a turnkey retirement income program for financial advisers that includes a web-based product allocation analysis tool, multi-media educational and sales materials and dedicated support.

Although Edward Jones recommends that retirees start with a plan to withdraw 4% of their retirement savings each year, Americans have a widely varying idea of how much they will need, the investment firm found in a survey of 1,011 people.

Although Edward Jones recommends that retirees start with a plan to withdraw 4% of their retirement savings each year, Americans have a widely varying idea of how much they will need, the investment firm found in a survey of 1,011 people.

John Hancock Funds has made a number of enhancements to its Portfolio Insight tool for financial advisors, including the ability to compare portfolios side by side and see full transparency into holdings.

The Securities and Exchange Commission, the Federal Reserve and other regulators are not likely to adopt an emergency liquidity facility funded by fund sponsors to backstop money market funds, according to Gregory Johnson, CEO of Franklin Resources.

Clearinghouses, not regulators, should be responsible for imposing risk management practices on clearing brokers when it comes to monitoring their end customers, says the trade group representing futures commission merchants.

Fidelity Information Services tops the rankings in 2011 of the largest financial technology vendors in the world, according to the eighth annual FinTech 100 survey compiled by IDC Financial Insights, American Banker and Bank Technology News.

Financial Tracking Technologies said its insider trading detection technology has been expanded to cover international markets.

The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes.