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The U.S. Attorney’s Office for the Southern District of New York said that the former controller of accounts at Bernard L. Madoff Investment Securities pled guilty to four counts of falsifying records.

Bank stocks were pounded again Monday on concerns that Basel III capital requirements would provide another blow to the beleaguered industry. Investors also dumped shares after European Central Bank head Mario Draghi gave a speech in which he offered little in the way of support to solve the region’s sovereign debt crisis.

The insurance industry experienced decent top-line growth, fairly resilient margins and increased capital management in 2011. Keefe, Bruyette & Woods expects it to continue into 2012 and stocks will be traded more in line with fundamentals next year.

Market volatility is pushing fund managers to look for robust investment risk management systems, says a report from financial consultancy Celent.

More than 80% of investment advisors would prefer to pay user fees to fund greater SEC oversight than to be overseen by a self-regulatory organization, a major new study found.

Invesco has launched the Invesco Premium Income Fund, aimed at investors looking for current income streams. The strategy is designed “to provide protection during periods of economic stress” while still meeting income goals, the firm said.

A new rule proposed by FINRA to help carrying and clearing firms transfer customer accounts if they go bust will be too cumbersome and costly to follow.

Most couples disagree on a lot of important points when it comes to retirement planning. That lack of agreement can translate into lost financial planning business, making it important for advisers to get couples to work together, according to Fidelity Investments.

Raymond James’s three new advisor hires join from Morgan Stanley Smith Barney and UBS.

Most couples disagree on a lot of important points when it comes to retirement planning. That lack of agreement can translate into lost financial planning business, making it important for advisors to get couples to work together, according to Fidelity Investments.