Regulation

The Securities and Exchange Commission announced Tuesday that it fined UBS Global Asset Management $300,000 for overvaluing 48 mortgage-backed securities purchased for $22 million.

Planners have taken note of the fact that clients with incomes of $1 million or more were twice as likely to be audited by the IRS in 2011 than they were in 2009. Several say they are taking steps in anticipation of still greater vigilance on the part of the agency.

Financial services industry groups are ready and willing to help the Labor Department do a formal study of the potential impact of a redefinition of fiduciary responsibility, according to a new letter several trade organizations wrote to the department.

WASHINGTON-In technical terms, Congress handed regulators the baton a while ago to implement a crackdown on proprietary trading.

The Securities and Exchange Commission last week warned publicly traded banks to be more thorough and consistent in disclosing their exposure to European sovereign debt.

With deadlines bearing down for certain federally registered investment advisors to transition to state regulation, advisors have a host of concerns and questions, experts say.

Financial services industry groups are ready and willing to help the Labor Department do a formal study of the potential impact of a redefinition of fiduciary responsibility, according to a new letter several trade organizations wrote to the department.

Gregory Fleming, president of Morgan Stanley Smith Barney and Morgan Stanley Investment Management, was elected to replace former Bank of America Merrill Lynch wealth management head Sallie Krawcheck on the SRO’s Board of Governors.

A federal arbitration panel has fined the brokerage firm Morgan Keegan & Co. for mishandling the account of an Atlanta charity.

Lawmakers show deep interest in staying involved with 'Volcker Rule' during the implementation phase and regulators may actually be grateful.