Practice

The Securities and Exchange Commission is no longer going to be a wholesaler of publicly reported data, according to an assistant chief counsel. There will now be an 'enormous focus' on data on derivatives and other products that until now has not been otherwise available.

Fidelity Investments announced Wednesday it has received commitments for an additional $17 billion in 401(k) assets under management from 269 plans representing 315,000 participants. More than $15 billion of those assets are due to new sales, with the remaining $2 billion the result of mergers and acquisitions by existing clients.

Planning to maximize Social Security benefits is becoming a service that clients expect advisors to provide, according to a new survey from a Nebraska-based software provider.

The Securities and Exchange Commission has approved the proposal of a new rule designed “to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (ABS) and those who invest in them.”

Janus Capital Group has unveiled a new online retirement income distribution tool aimed at helping financial advisers keep their clients’ retirement income evenly flowing for more than 30 years.

Most major corporations have "significant security gaps that leave sensitive board-level information open to information theft and hacking," according to the governance, risk and compliance unit of Thomson Reuters.

The commercial technology arm of NYSE Euronext said it began marketing a Windows plug-in that will deliver market data in real time to the desktop computers of traders.

The movement of credit-default and other forms of complex financial swaps into electronically managed and centrally cleared markets may be increasing rather than lowering risk, Michael Bodson, chief operating officer of Depository Trust and Clearing Corporation said Tuesday at SIBOS 2011 here.

Janus Capital Group has unveiled a new online retirement income distribution tool aimed at helping financial advisors keeping their clients’ retirement income evenly flowing for more than 30 years.

The Colony Group has agreed to turn a stake equaling 40% to 70% of its earnings over to Focus Financial Partners, but it is holding on to its independence and plans for aggressive growth.