Regulation

Bloomberg -- Morgan Stanley Chief Executive Officer James Gorman said there’s almost no chance of another financial crisis like the one that endangered his firm five years ago.

FINRA is scaling back on "supersized" fines.

Bloomberg -- A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, U.S. Securities and Exchange Commission Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.”

The regulator levied fewer big-ticket fines in the first half of 2013, according to a report from Sutherland Asbill & Brennan.

Amid growing industry debate over compensation disclosure, the FPA has changed the compensation disclosure options on its website.

A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, sec Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.” It remains unfinished.

Building a successful fund requires a distinguishable brand, an effective marketing strategy, and a commitment to distribution support.

Morningstar today published its inaugural issue of Financial Services Observer, a research report examining the competitive shifts in the U.S. wealth management industry, companies responses to industry changes following the financial crisis, and which companies Morningstar equity analysts think are poised to be a boon for shareholders.

Rex Staples, the director of investigations for the beleaguered CFP Board of Standards, is stepping down.

Bloomberg -- Bank of America Corp. is seeking approval of a $160 million settlement from a judge who thrice rejected requests by black financial advisers at its Merrill Lynch unit to sue as a group over alleged racial discrimination.