Regulation

The New York investment bank has filed a request with FINRA to withdraw from the brokerage business, after being fined for breaking 'information barriers.' Its parent company said it will still try to commercialize its DIrect Markets technology.

A Florida federal court rejected Merrill Lynch's petition to vacate an arbitration decision on Monday, clearing the way for two financial advisors to receive a $10.25 million awarded to them in April.

The FDIC is trying to help bankers prep for exams and more clearly understand the results as part of a broader effort at improving relations, Martin Gruenberg, the agency's acting Chairman, said.

Deutsche Bank has unveiled its growth strategy for the next three years and beyond for its U.S. mutual funds unit, known as DWS, and other businesses.

A group of family trusts has lost a $7.56 million arbitration claim that highlights the difficulties of winning individual claims tied to various Morgan Keegan funds that have fallen under regulatory scrutiny.

The Securities and Exchange Commission has named Andrew Bowden as Deputy Director of the agency's Office of Compliance Inspections and Examinations (OCIE).

The Securities and Exchange Commission has named Andrew Bowden as Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).

President Obama will likely win a second presidential term in November, but the election's outcome for policy and investing will likely not be as decisive, according to a research report released Wednesday by UBS Wealth Management Americas.

As efforts to apply stricter fiduciary and disclosure requirements on broker-dealers slow, the Institute for the Fiduciary Standard, a one-year-old think tank that advocates for uniformity, met with Mary Schapiro, the Chairman of the SEC, to make its case.

With an eye on extending a fiduciary standard to all, the Institute for the Fiduciary Standard sent this declaration.