Regulation

More than 80% of investment advisors would prefer to pay user fees to fund greater SEC oversight than to be overseen by a self-regulatory organization, a major new study found.

Before the Department of Labor rewrites its proposal to redefine fiduciary responsibility — a new proposal is expected in the first half of 2012 — there are three changes SIFMA would like to see in the rulemaking process.

FINRA also orders the firm to make restitution for not providing breakpoints on unit investment trust sales and for unsuitable sales of reverse convertibles to older customers.

Joe Russo has been elected chair of the Financial Services Institute’s 2012 Board. Russo, founder of Advantage Financial Group, is the first financial advisor to chair the board.

The FBI said it had 2,500 active corporate and securities fraud investigations under way at the end of its 2011 fiscal year.

PHOENIX-A member of the President Obama's Council of Economic Advisers as the mortgage-led global credit crisis erupted said that the last big weapon in the Federal Reserve Board's arsenal to create strong growth is to avoid "tinkering around the edges" of the economy and aggressively reset expectations.

Your collateral is only as safe as your futures trader's risk management system.

NEW YORK-The Volcker Rule, designed to ban investment banks from proprietary trading, has so many facets that it gives regulators the leeway to apply it overzealously.

The SEC's market structure crimes unit is hiring a group of non-lawyer trading specialists to aid in its investigations.

The Securities and Exchange Commission's market structure crimes unit is hiring a group of non-lawyer trading specialists to aid in its investigations.