Practice

The Financial Industry Regulatory Authority announced Wednesday it fined Deutsche Bank Securities Inc. $7.5 million for negligently misrepresenting delinquency data in connection with the issuance of subprime securities.

When the European Markets in Financial Services Directive was adopted three years ago, fund managers appeared content. After all, more competition in markets would mean their broker-dealers would get a "better deal" for their firms and their clients.

Is perception reality? A balance sheet or a SEC filing snapshot says it is.

The Treasury Department unexpectedly announced it would not pick Julie Williams, the No. 2 at the OCC, to serve as acting head of the agency when John Dugan leaves next month.

For as much press as the recent financial reform bill has received, the majority of financial advisers apparently are unaware of its importance on their business and clients.

The SEC follows up its proposal to whittle down 12b-1 fees with a plan to remake the Form ADV, Part 2. Emphasis on Plain English is back.

For as much press as the recent financial reform bill has received, the majority of financial advisors apparently are unaware of its importance.

Trades were made in UITs, closed-end and mutual funds by two Maryland brokers on behalf of 10 customers, FINRA charges.

Hedge fund firm Tiger Management LLC has tapped the expertise of a former Goldman Sachs executive to help run its operations.

As federal regulators begin implementing regulatory reform, at least one agency plans to step up its disclosure of private meetings with industry insiders.