Practice

The advocacy organization sent a letter of comment to the SEC citing the impact a fee hike could have on independent firms.

Phillip D. Murphy, a former manager of municipal derivatives products at Banc of America Securities LLC, now Bank of America Merrill Lynch, was indicted by a federal grand jury on three counts of conspiracy and wire fraud in connection with a fraudulent scheme to rig bids for municipal-bond related investment agreements.

United Technologies Company last month took the plunge into providing its employees a steady stream of retirement income.

TCW Funds, Inc. is liquidating the TCW Emerging Markets Equities Fund on August 31, according to a Securities and Exchange filing.

Paul Schott Stevens has been president and chief executive of the Investment Company Institute since 2004.

ON July 20, 2012, Target-date fund providers are taking two steps forward and three steps back, according to a new report by BrightScope, dubbed Popping The Hood V, 2012.

Financial services firms are broadening the scope of their retirement advice tools and planning a major push to help advisors understand them, according to a survey by Hearts & Wallets.

More and more affluent investors are looking to mobile devices to review finances and check up on their social media accounts.

Airgead Clann, a California independent investment advisor, announced they will proceed with a FINRA arbitration against Charles Schwab regarding the abrupt termination of their investment manager service agreement in October.

New analysis from a nonpartisan group shows that JPMorgan officials accounted for 18% of all industry meetings with the Fed concerning Dodd-Frank implementation over the past two years, while JPMorgan accounted for 17% of all meetings with Treasury. Goldman Sachs, which also held hundreds of discussions with regulators, focused mainly on the CFTC.