Practice

House and Senate conferees were set Tuesday to deal national banks a setback, agreeing on final language that would make it harder for federal regulators to preempt state consumer protection laws.

Investor behavior has changed dramatically in light of market rebounds and signs of recovery, according to the 14th annual World Wealth Report released today by Merrill Lynch Global Wealth Management in conjunction with Capgemini.

Despite the fact the world's gross domestic product shrank last year, high-net-worth individuals managed to almost make up for 2008 losses, according to the Merrill Lynch Global Wealth Management and Capgemini 14th annual World Wealth Report.

FINRA has struck an agreement with the Australian Securities and Investments Commission to enhance the work efforts between the two regulators.

WASHINGTON — The Federal Reserve Board and the other banking regulators finalized guidance governing executive compensation practices on Monday and announced its review of pay at the largest holding companies had turned up significant flaws.

CHICAGO — The Securities and Exchange Commission has launched a review of a failed investment by five southeastern Wisconsin school districts in collateralized debt obligations that were intended to establish trusts to pay the districts’ non-pension retiree healthcare benefits.

The Securities and Exchange Commission charged ICP Asset Management LLC and its founder and President, Thomas Priore, with defrauding investors in four multi-billion-dollar collateralized debt obligations that were insured by American International Group.

Already armed with Pershing for standard clearing, the new unit is designed to clear futures and derivatives trades.

The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.

Spectrem Group’s latest report finds many investors are satisfied with advisory firms’ communications regarding fees and variable products.