Regulation

In the end, solutions must be broadly equitable in the broadest sense.

James Hertz, a former vice president and marketer in JPMorgan’s municipal derivatives group, pleaded guilty Tuesday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contracts and other municipal finance agreements, the Justice Department announced.

The Securities and Exchange Commission’s insider trading sweep leaped across the Atlantic Ocean, with a former tax partner at Deloitte LLP charged with leaking confidential information on potential mergers to family members in London.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

Rep. Randy Neugebauer, R-Texas, is gearing up to play a leading role on the House Financial Services Committee next year — to ensure that regulators do not overstep their bounds.

Sponsors would have to disclose a fund’s asset allocation and how that changes over time.

Four years after it began charging risk-based premiums, the Federal Deposit Insurance Corp. is set to revamp them again for the largest institutions.

The Securities and Exchange Commission, Federal Bureau of Investigation and the office of Manhattan U.S. Attorney Preet Bharara are readying insider-trading charges against numerous financial professionals.

A principal aim of the impending cost basis reporting law is to enable the IRS to capture lost tax revenues due to inaccurate or underreported filings. Brokers and custodians are now scrambling to ensure their accounting systems will be compliant with the regulations, expected to take effect Jan. 1, 2011. However, the law will impact firms in other ways they may not yet realize.

Investigation might redefine insider trading.