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New study finds banks -- large and small -- need to do a better job of implementing the technology and processes necessary to curtail money laundering activity in order to avoid the stiff fines already levied on their peers.

Northern Trust has hired R. Peter Sanchez to serve as chief executive officer of Northern Trust Hedge Fund Services, upon the closing of Northern Trust’s acquisition of hedge fund administrator Omnium. Sanchez currently is global head of business development and client service at Omnium and has more than two decades of experience in capital markets.

Poll of more than 200 financial advisors finds serious investor angst about their retirement prospects and apprehension about making the investments necessary to improve their outlook.

LPL Financial this week named industry veteran David Akellian as its new executive vice president and head of custom clearing services.

J.P. Morgan Retirement Plan Services has launched a new social media forum for its plan sponsor clients called “Voice of the Community.”

Global X Funds has launched the Global X Farming ETF, an exchange-traded fund that focuses on companies involved in agricultural products, livestock operations and the manufacturing of farming equipment.

IndexIQ has launched the IQ Japan Mid Cap ETF, which it says is the first exchange-traded fund focused on Japanese mid-cap equities.

Even after an embarrassing online porn scandal rocked the regulatory agency last year, a new report from SEC Inspector General David Kotz finds some staffers are still going to great lengths to access these racy sites on company time.

Long-term mutual funds took in $1.75 billion in the week ended May 25, the Investment Company Institute said.

BlackRock's Bob Doll says despite short-term issues in the U.S., the United Kingdom and Japan, there are plenty of intriguing investing opportunities out there for those willing to go the distance.