Regulation

Six days after the Securities and Exchange Commission holds a roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

Bankers are divided over a Federal Deposit Insurance Corp. plan to train bank employees on insurance limits and require tellers to question depositors about their accounts.

Six days after the Securities and Exchange Commission holds a roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

A House oversight committee hearing slated to examine state and municipal debt Thursday devolved into an extended debate about collective bargaining, featuring two sitting governors from opposite ends of the political spectrum.

FINRA fined Jefferies & Co. $1.5 million, ordered the investment bank to repay $425,000 in ill-gotten commissions and fees and suspended a pair of its brokers for failing to disclose additional compensation to institutional clients and other conflicts of interest related to shady sales of auction rate securities between August 2007 and March 2008.

President Obama announced the framework of a plan Wednesday to shrink the deficit $4 trillion over 12 years, and urged House and Senate leaders to appoint teams to negotiate a final bipartisan plan by the end of June.

Success of the Office of Financial Research is critical to curbing TBTF, and if it flops, the next set of solutions may be much harsher than living wills and orderly liquidation authority.

They love him. They loathe him. The Great Recession is over. There's still no sign of the recession's end. Things are only getting better. Things couldn't get worse. That basically sums up the mixed sentiment of most of the financial advisors polled earlier this year by investment management firm Brinker Capital to get a sense of how they feel President Obama and his administration navigated and managed -- or not -- the U.S. economy and government fiscal policy last year and what to expect in 2011.

Wells had sought $36 million from Stifel Nicolaus for the case of improper recruiting.

A FINRA arbitration panel has ordered Citigroup Global Markets to pay $54 million in compensatory and punitive damages to investors in its municipal arbitrage trust funds.