Regulation

Ignore the rhetoric from both sides on the issue. The odds that the business lending bill will be enacted this year are significantly slimmer than they were just last week.

“SIFMA’s views are not supportable and would make a mockery of the fiduciary standard,” according to The Institute for the Fiduciary Standard in a letter to the U.S. Securities and Exchange Commission.

The regulator cited the Egan-Jones Ratings Company and its president Sean Egan for “material misrepresentations and omissions” in its 2008 application to become a national ratings agency.

If you want to ace your examinations by the U.S. Securities and Exchange Commission, remember these three phrases: fund governance, fraudulent activities and performance and advertising.

Federico R. Buenrostro, former CEO of the California Public Employees' Retirement System, and a friend fabricated documents given to New York-based private equity firm Apollo Global Management, costing the asset manager $20 million in “fees it would not otherwise have paid,’’ the federal regulator said.

Financial reform will lead to a new emphasis on credentials in the financial services industry, which puts the Investment Management Consultants Association in a good position, says IMCA Executive Director and Chief Executive Sean Walters.

Two British twins in their teens bilked $3 million from American investors and stock promoters with tales of using a sophisticated bot to pick stocks, according to the U.S. Securities and Exchange Commission.

Despite the easy passage of Rep. Eric Cantor’s Small Business Tax Relief bill, H.R. 9, in the House of Representatives, RIA firms aren’t likely to be counting on any tax savings at this point.

Regulators on Thursday heeded complaints by financial institutions to provide precise guidance on when they would have to comply with the so-called "Volcker Rule," saying full compliance was not expected before July 21, 2014.

The SEC now charges that a Chicago securities dealer whose chief financial officer was a one-time chief financial officer of optionsXpress continued to trade as a customer account under optionsXpress’s auspices, after delisting itself from the only market of which it was a member, the Chicago Board Options Exchange.