Regulation

At the start of October, the Investment Company Institute announced it was going global. Or, rather, it announced the creation of ICI Global, a new arm that would as a trade association for global investment funds, their managers and investors.

UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments.

The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.

Last week, the Financial Stability Oversight Council voted to proceed with rule-making that provides regulators with greater authority to oversee financial companies that are not banks but have more than $50 billion in assets and $20 billion in debt.

At the start of October, the Investment Company Institute announced it was going global.

"Simple Truths" From a Man Who Isn't an Academic