Regulation

State securities regulators brought 399 enforcement actions against investment advisor firms in 2011, nearly double the total from 2010.

The CFP Board prides itself as the issuer of a leading credential for financial planners, and that means that certificants are expected to adhere to a rigorous set of professional standards.

A delegation of fund firms, including BlackRock and Fidelity Investments, who are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.

Neil Barofsky, a former special inspector general overseeing Troubled Assets Relief Program aimed at strengthening financial institutions during the financial crisis, calls the program a failure.

The registered investment advisor is becoming a portfolio manager, more than an advisor.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

Securities and Exchange Commission officials downplayed the potential for the so-called budget "sequestration" Thursday, but said dealers selling Build America Bonds should inform investors of any potentially risky call provisions.

The Securities and Exchange Commission is not pursuing the idea of imposing a three-strikes-and-you're-out system for issuers with disclosure failures, like the one floated last week by an SEC commissioner, John Cross, the director of the SEC's Office of Municipal Securities said here on Thursday.

The executive listed a few areas where the organization is targeting rule-breakers.