Practice

FINRA, the Securities and Exchange Commission and five state regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee announced Thursday that they have settled with Morgan Keegan over improper bond fund sales. As a result, Morgan Keegan will repay $200 million to investors in seven affiliated bond funds, including the Regions Morgan Keegan Select Intermediate Bond Fund.

I guess if you wait long enough, everything that once was will come back to us again. Even the bad stuff.

European clearinghouse LCH.Clearnet confirmed market talk that it wants to enter the market and service alternative trading platforms.

The hand-wringing over bank capital levels is pulling the spotlight off a bigger issue: effective oversight of the largest firms. In the wake of the crisis, regulators have forced banks to hold both a higher level and a higher quality of capital. They've created a tangle of complicated rules.

Responding to frustrated lawmakers who have yet to see the Obama administration give out any funds from its $30 billion small business lending program, Treasury Secretary Timothy Geithner said Wednesday the fault lay with the banking regulators.

You might think that doing the most productive thing at every given moment means that you should always be working or always doing something tangible that moves you closer to your goals. In reality, top achievers realize that there are numerous “things” they can do, that on the surface may not appear to move them closer to their goals, but in fact actually do.

While the international millionaire population’s wealth rose past pre-crisis levels in 2010, wealth managers need to prepare as that demographic gradually shifts to younger clients, according to a new report released on Wednesday.

J.P. Morgan Securities LLC will pay $153.6 million to settle charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet, the Securities and Exchange Commission said.

With only 51% of Americans believing they will have enough money to enjoy a comfortable retirement, an all-time low, the Country Financial Security Index fell one point in June to 63.7.

The Federal Deposit Insurance Corp. convened some of the best banking-policy minds on the planet Tuesday to look at how best the agency can use its new powers to unwind a large, systemically important bank.