Practice

Investment firms sparred with regulators during a Securities and Exchange Commission roundtable over the potential risk money market funds could pose to the financial system.

Investors stuck with their retirement savings plans in 2010, the Investment Company Institute said Tuesday, basing its findings on data from more than 23 million defined contribution accounts.

Irvin Feld was a rock-and-roll promoter who purchased “The Greatest Show on Earth” in 1967. He created a promotion company to manage the Ringling Bros. Circus, along with Disney on Ice and monster truck shows, but none of his shows have been as eventful as what’s happened between his two children the last few years.

Advisors Asset Management is reaching out to the 37,000-plus registered reps and independent advisors in its network to help them begin or perhaps expand on their social media endeavors to help improve communication with their clients and attract new advisors to their firms.

Tradar said its portfolio and order management software will become available as a hosted service for fund managers, through Eze Castle Integration.

Markit and Deutsche Bank said they are providing financial research through a single application for iPad users.

Federal Deposit Insurance Corp. Chairman Sheila Bair said Monday she will step down from her post on July 8.

While Shelby has every right to seek changes to laws that don't work, he should give Dodd-Frank and the Consumer Financial Protection Bureau a chance before trying to crush them.

The Financial Industry Regulatory Authority has hit Wells Fargo Advisors with $1 million in fines for delayed delivery of prospectuses to its mutual fund customers and required regulatory disclosure information about its representatives.

The Securities and Exchange Commission has proposed requiring financial firms to report in real-time either short sale transactions or positions, as part of an initiative to increase disclosure on the popular practice.