Regulation

Firms are grappling with how to best use the technology while not running afoul of regulators.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent.

A bill to end private lenders' role in government guaranteed student lending — assumed to be on its way to quick enactment — has suddenly become a hotly contested debate.

Senate Banking Committee Chairman Chris Dodd's decision to try to negotiate a bipartisan regulatory reform deal with Republican Sen. Bob Corker was a mistake.

The Securities and Exchange Commission said it would decide in 2011 if it would adopt international standards, but that adoption would not come before 2015.

The top Republican tax-writer in the Senate yesterday warned colleagues that provisions in the House-passed jobs bill that offer high subsidy rates for Build America Bond-type programs would allow Wall Street banks to pocket more in underwriting fees.

After years out of the spotlight due to the financial crisis, anti-money-laundering issues returned to Capitol Hill on Wednesday as lawmakers raised renewed concerns about the supervision of money-services businesses.

A total of four sessions at the conference were focused on regulations and fiduciary responsibility and speculation swirled about who would be affected and how.

The Municipal Securities Rulemaking Board is expected to file long-awaited rule changes with the Securities and Exchange Commission that would implement the final phase of its transparency system for auction-rate securities and variable-rate demand obligations.

Senate Banking Committee Chairman Chris Dodd said Tuesday that he continues to hope for a strong bipartisan regulatory reform bill, but he offered no fresh details on developments in negotiations.