Regulation

A Florida retiree who gave her Wachovia broker a second chance "to do a better job" with her IRA investments has filed claim against Wells Fargo after suffering losses, again.

Funding consideration were part of the reason that the SEC decided to shift oversight of smaller advisors to states. With soaring deficits, how will the states handle the added responsibility of supervising financial advisors?

Senior ranking brokerage operations and operational risk executives beware: the Securities and Exchange Commission says the buck now stops with you when it comes to proving you have sound procedures in place.

Four bank failures book-ended the country on Friday. Collectively, they had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million.

The former management of a Denver thrift is suing federal regulators over its seizure last month, saying the agencies closed it while it was still a viable institution and arguing it should be reopened.

The Securities and Exchange Commission is looking into whether municipal bond funds may have overstated the value of their high-yield holdings, The Wall Street Journal reports.

Lincoln Financial Group says it took swift action to safeguard private consumer information and beef up its security policies, after it discovered vulnerabilities in a Web-based system that stored consumer account records for two of its business units.

The regulator said the companies had failed to adequately safeguard non-public customer information.

James Shorris is set to return to the private sector in April after more than seven years in enforcement leadership roles at the organization.

Senate Banking Committee members raised a host of concerns Thursday about the state of the financial services industry as regulators grapple with a mountain of new rules mandated by the Dodd-Frank Act.