Regulation

linkedFA's launch comes amid a debate over how advisors can use social networking to expand their businesses, while still following compliance rules under the Securities and Exchange Act of 1934.

The Managed Funds Association is planning to create the largest database on hedge funds and use the information to lobby Washington. The database will amass each hedge fund’s assets, number of investors, location and various strategies—but encrypt the information so each fund’s information is anonymous.

On the heels of the IRS’s plan to begin regulating tax preparers, the Justice Department announced that it has filed six lawsuits this week to stop preparers charged with generating fraudulent income tax returns.

WASHINGTON — The notion that holding company oversight should be entrusted to a bank's primary supervisor is gaining traction on Capitol Hill.

WASHINGTON — The details are still sketchy, but an idea to tie compensation plans to deposit insurance premiums is already dividing the banking industry.

Regulators, with their reputations on the line and anxiety about the future, are forcing some banks to hold on to much of the capital. In recent months, some banks that wanted to fully repay the Troubled Asset Relief Program were allowed to return a fraction.

With the economy still on life support and inflation an increasing threat, the Federal Reserve will continue to act like a “sugar daddy” and leave interest rates untouched until 2011, predicts PIMCO Co-Chief Investment Officer and founder Bill Gross.

The average 2010 fund clawed its way back in 2009, with a 20% return, easing investor worry about these retirement funds and moving the push for regulation to the back burner.

The agency provided no further details on the action. The agenda for the meeting of the FDIC's board includes an advance notice of proposed rulemaking on "employee compensation."

WASHINGTON — Senate Banking Committee Chairman Chris Dodd's decision not to seek reelection strengthens his ability to enact regulatory reform, but the final bill is also expected to be more moderate, observers said Wednesday.