Practice

Investors being duped into pouring tens of millions of dollars into fake high-yield opportunities being touted all over the social mediascape.

The Municipal Securities Rulemaking Board is wrestling with how much it needs to increase its staff, technological capability, and funds to implement provisions of the new financial regulatory reform law that require it to make the most expansive changes since its creation in 1975.

International banking regulators said Monday they reached broad agreement on the overarching principles that will shape capital requirements and liquidity rules for banks in the coming years.

The legislation by Rep. Scott Garrett, R-N.J., would establish a regulatory framework for covered bonds, including a regime to handle the failure of a bond issuer.

Sometimes regulatory changes that are meant to benefit investors end up taxing industry professionals, though this does not appear to be the case for the Securities and Exchange Commission's new format for investment company brochures.

A new survey from Country Financial found that the number of Americans who think college is a good financial investment plunged to 64%, down 16 points from last year and 17 points from 2008.

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

Crooks are using social media sites to promote illegitimate high yield investment programs (Hyips), the U.S. Financial Industry Regulatory (FINRA) warned last week.

Genworth Financial Wealth Management hired Matthew Matrisian as its new vice president and director of practice management to help build out succession planning tools, resources and services that can be delivered both online and at offline events.

Following the massive Ponzi scheme perpetrated by Bernard Madoff, almost 70% of respondents to an SEI poll say their clients want enhanced financial reporting capabilities from their wealth managers.