Industry

WASHINGTON — Senate Banking Committee Chairman Chris Dodd's decision not to seek reelection strengthens his ability to enact regulatory reform, but the final bill is also expected to be more moderate, observers said Wednesday.

The merger, effective Jan. 1, boosts the assets under management of the Seattle-based firm to more than $1 billion.

He was previously a partner in the financial services regulatory practice at PricewaterhouseCoopers, where is was also known for his expertise in corporate governance, enterprise risk management and regulatory compliance and ethics.

Lower-producing UBS advisors have been given six months to boost their production.

The Securities and Exchange Commission has named Carlo V. di Florio director of the Office of Compliance Inspections and Examinations. He was previously a partner in the financial services regulatory practice at PricewaterhouseCoopers, where he was also known for his expertise in corporate governance, enterprise risk management and regulatory compliance and ethics.

The financial services firm promoted Jonathan Pruzan and Eric Bischof to global co-heads of it financial institutions group.

The tax preparation company agreed to pay as much as $20.2 million to customers that bought its Express IRAs.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.

Third Avenue Management announced Monday that Martin Whitman, one of the company’s co-founder, has stepped down from his role as co-CIO.

Anastasia Kelly, vice chairman for Legal, Human Resources, Corporate Affairs, and Corporate Communications, and Suzanne Folsom, chief compliance and regulatory officer, have both left the company.