Regulation

The Securities and Exchange Commission is likely to revise its approach to circuit breakers on the nation’s equities exchanges, to include a “careful review” of price bands that limit how far up or down the price of a stock can move at any given time.

Putnam Investments requested Congress pass two recently-introduced bills that would require employers to automatically enroll employees in a payroll-deduction IRA.

Represented by an influential lobbying group, broker-dealers are striking out against proposed regulations which would require them to adhere to an equal “fiduciary” standard with registered investment advisors in giving advice to retail investors.

Argues it wasn't the only money market fund to break the buck.only

Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.

Reserve Funds filed with the U.S. District Court for the Southern District of New York Friday to dismiss a class-action lawsuit originated by Third Avenue Managment over the Reserve Primary Fund. The Third Avenue Institutional Value Fund LP opposed the motion to dismiss on the grounds that Reserve misled investors into believing its once $62 billion Primary Fund was safe despite its $785 million exposure to Lehman Brothers paper.

John Harris wants the Securities and Exchange Commission to die. And the Texas native told it so, in no uncertain words, in a comment letter on August 12.

A closer look at the comments streaming in to the SEC regarding a new fiduciary standard.

Pinnacle Capital Markets has once again has been slapped with a fine for inadequate anti-money laundering and customer identification procedures involving foreign investors using its direct market access system.

The fallout from the financial reform bill is still up in the air, but the wealth management industry expects compliance and service costs to rise.