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The Financial Industry Regulatory Authority has hit Wells Fargo Advisors with $1 million in fines for delayed delivery of prospectuses to its mutual fund customers and required regulatory disclosure information about its representatives.

The Securities and Exchange Commission has proposed requiring financial firms to report in real-time either short sale transactions or positions, as part of an initiative to increase disclosure on the popular practice.

BNY Mellon announced Monday it hired Mitchell Harris as president of its investment management division.

WASHINGTON--The Securities and Exchange Commission is set to meet Tuesady to address how to prevent runs on money market funds that could disrupt the $2.7 trillion market and the nation's financial system as a whole.The federal regulator will hold a roundtable involving industry experts, academics, other regulators and agencies making up the newly created Financial Stability Oversight Council at its headquarters at 2 p.m. Here is a list of participants.

A federal judge in Orlando, Fla., has permanently barred Richard Goble, president of a defunct clearing firm and a FINRA critic, from the securities industry and ordered him to pay a fine of $7,500.

Only one mutual fund company (name not known) has signed up so far for the cost-basis reporting service of the Depository Trust & Clearing Corporation.

ETF Securities Marketing has expanded its U.S. sales team with the hiring of Josef Valdman and Justin Levantino.

There's a new world order coming in mutual funds. And a new form of wholesaler - colloquially called a "schmeek" - will be helping financial advisers understand its new complexity and sell a constantly evolving kaleidoscope of new products to individual investors.

As the Securities and Exchange Commission and Commodity Futures Trading Commission try to create rules governing the burgeoning $700 trillion over-the-counter derivatives market, buy-side firms want to ensure they aren't left out in the cold.

The Hartford is waging an educational campaign emphasizing tax-saving tips for retirement plan participants.

The next several years will be a challenging period for investment advisors as investors, mindful of projections of low market returns, seek managers who can deliver results while protecting them from excessive risk.

WASHINGTON—The U.S. debt, $9.5 trillion in 2010, could reach $25.9 trillion by 2021 if not kept in check. This was the warning of Erskine B. Bowles, former White House chief of staff, and Alan K. Simpson, former Senator from Wyoming, who are co-chairs of the National Commission on Fiscal Responsibility and Reform, speaking at the Investment Company Institute’s General Membership Meeting here Friday.

WASHINGTON, D.C. -- The Securities and Exchange Commission is set to meet next week to address how to prevent runs on money market funds that could disrupt the $2.7 trillion market and the nation's financial system as a whole.

WASHINGTON, D.C. -- Regulation of mutual fund distribution practices "can't be left to stand'' as it is, Securities and Exchange Commission chairman Mary L. Schapiro said Friday.

WASHINGTON, D.C. -- On the one-year anniversary of the Flash Crash, Securities and Exchange Commission chairman Mary L. Schapiro said the behavior of high-frequency trading firms will be closely scrutinized -- and placing obligations on high-speed traders to maintain markets in stocks "remains on the table.''

Nassim Taleb has made a career out of trying to get financial professionals to pay recognize that unpredictable events do occur, with devestating effect.

WASHINGTON—Asset management firms must have a presence on social media if they want to remain relevant to financial advisers and investors, speakers said at the Investment Company Institute’s “Using Social Media in Fund Communications” panel during the General Membership Meeting here.

WASHINGTON, D.C. -- It's a myth that large wealth management firms are losing advisers to independent firms.

There's a new world order coming in mutual funds. And a new form of wholesaler -- colloquially called a "schmeek" -- will be helping financial advisers understand its new complexity and sell a constantly evolving kaleidoscope of new products to individual investors.

WASHINGTON—Stocks will return between 8% and 9% over the next three to five years, predicted Eddie C. Brown, president and CEO of Brown Capital Management, speaking on the “Industry Investments: Experience Talks” panel at the Investment Company Institute’s General Membership Meeting Thursday morning.