Regulation

Four former San Diego officials have agreed to pay civil penalties totaling $80,000 to settle charges with the Securities and Exchange Commission that they were negligent in misleading investors about the city’s pension and retiree health care liabilities.

The Securities and Exchange Commission and the Connecticut banking commission have sued a Connecticut hedge fund manager with fraud.

The President’s Working Group on Financial Markets released its report on Money Market Fund Reform Options, reigniting the controversial debate over floating net asset values, banking regulations such as insurance and a private emergency liquidity facility and meeting redemption requests in kind.

Chief compliance officers face increasing responsibilities and feel that they are struggling to keep up with the pressure of regulatory changes, an SEI poll conducted at its CCO Forum finds.

Chief compliance officers face increasing responsibilities and feel that they are struggling to keep up with the pressure of regulatory changes, an SEI poll conducted at its CCO Forum finds.

Capitol Hill’s efforts to fix the financial system will merely burden already cash-strapped banks, their officers complain.

The new European Union hedge fund passport rule the European Parliament is soon to vote on, will permit all hedge funds, including those in the U.S., to operate throughout all of Europe’s 27 nations—but it would also subject them to the strict compensation rules.

Citigroup Inc. Chief Executive Vikram Pandit offered up a scathing review Monday of Basel III, saying the new rules do nothing to reduce pro-cyclicality or to level the playing field among different countries and differently regulated financial institutions.

The SEC and Connecticut Banking Commissioner Howard Pitkin charged Southridge Capital Management LLC and its chief executive officer, Stephen M. Hicks, with defrauding investors in million of undeserved fees.

The Internal Revenue Service is kicking off the first round of audits of Build America Bonds and is asking issuers if any potentially related entities, such as pension plans, are buying their BABs, according to issuers and IRS officials.