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The SEC sent a “No Action” letter to the CFP Board stating RIAs, broker-dealers and their representatives could share information with the CFP Board relating to customer complaints, without fearing SEC enforcement action.

The Financial Industry Regulatory Authority announced Tuesday it suspended indefinitely Pinnacle Partners Financial Corp., of San Antonio, Texas, and its president, Brian K. Alfaro, for failing to comply with a FINRA temporary cease and desist order “prohibiting their fraudulent misrepresentations.”

Jay Hooley, State Street’s top exec said: “We want to be sure our foundation is solid in terms of capital and risk management and make sure we have returned to basics in terms of our core asset servicing and asset management businesses, but also we want to be sure we are investing in enhancing our product capabilities. Our focus is really the whole package.”

Goldman Sachs easily beat earnings expectation despite a heft decline in profits in the first quarter.

ETFs attracted $41.4 billion in net new assets in the first quarter, more than double the first quarter of 2010.

Implementation of Basel III remains years away, but Citigroup is wasting little time in unloading assets that will look a lot less attractive under the new regulatory framework.

The FDIC engaged in an activity that paints an alternate history detailing how it might have handled the collapse of Lehman Bros. if its new reform powers had been in place.

KeyBanc Capital Markets doubled its personnel last month by hiring four professionals from Chapdelaine Credit Partners, a bond broker that closed in January.

With the shift, MSSB has hired J.P. Morgan Chase’s Jeff Hack as chief operating officer.

The largest McDonald's franchisee and Latin American quick-service juggernaut went public last week and, so far, most everyone is lovin' the company and its stock.