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The Financial Industry Regulatory Authority said it fined Goldman, Sachs & Co. $650,000 for failing to disclose that two of its registered representatives had received Wells Notices, which indicate that investigations of operating practices are under way.

Assets in U.S. exchange-traded funds rose to $924.9 billion as of October 31 - its highest level on record - up $39.9 billion or 4.5% during the month.

Robert Kelly, Bank of New York Mellon’s chairman and chief executive officer, said a “huge" amount of uncertainty remains in the economy and until the housing situation is sorted out and unemployment is reduced, the financial system will remain uncorrected.

NEW YORK—Absolute-return funds may now only total $140 billion, a scant 1.2% of the $11.26 trillion in mutual funds, but that will grow to 10% to 15% over the next decade, predicts Putnam Investments President and Chief Executive Officer Robert Reynolds

NEW YORK-The financial services industry actually embraces the Dodd-Frank Wall Street Reform Act and related rules and regulations, as a means of restoring faith in its part of the economy, the heads of private client service and capital markets firms said Monday.

As the mutual fund industry faces potentially huge changes to the way it does business, BlackRock is pressing the Securities and Exchange Commission to take measured steps to ensure that smaller investors do not get shut out of whatever marketplace emerges from the new policies.

The Securities and Exchange Commission has to get to the bottom of what its chairman, Mary L. Schapiro, called "loose" capital markets on Monday.

Americans view retirement planning as the most difficult financial task, a survey of 4,000 investors by Hearts & Wallets found.

BOSTON-A chorus of revolutionaries convinced that traditional, growth, value and blend style-dominated asset allocation needs to be replaced by strategic, tactical allocation was quite vocal at FundForum 2010 USA here last week.

The Securities and Exchange Commission Wednesday unanimously voted to ban 'naked access' to stock markets by unregistered entities.

So it almost looked like the six-month-long nightmare in funds flowing out of mutual funds that invest in U.S. stocks, long-term, was ending.

Oppenheimer has hired two executives in its fixed income division-Mark Anderson as managing director, institutional fixed income sales and trading, and Neil Snoep as director, bank strategist. Both report to Robert s. Lowenthal, senior managing director of the taxable fixed income group.

The stock market has completed its climb back. On Oct. 28, the Dow Jones Industrial Average closed at 11,114. On April 28, the average had closed at 11,046.

U.S. small-cap value stocks-consumer discretionary, industrials, financials and energy in particular-are poised to deliver solid returns as the economy and the stock market continue to improve, according to investment officers at recent outlook briefings.

Money market funds continue to waive big chunks of their management fees as yields on cash instruments remain too low to charge the full amount.

Hedge fund compensation increased again in 2010, although by less than it did in 2009, and industry payouts are still below the peaks reached in 2007, according to analysis by Glocap Search LLC and Hedge Fund Research.

The Securities and Exchange Commission is seeking public comment on its proposed "whistleblower'' program, which is to provide financial reward to individuals who provide tips that lead to successful enforcement actions.

The Hedge Fund Association said it is adamantly opposed to the establishment of a self-regulatory organization for hedge funds, which the Government Accountability Office is currently investigating under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The SPARK Institute has sent a comment letter to the Securities and Exchange Commission asking it to modify its proposed 12b-1 fee rule.

Americans are underutilizing their 401(k)s, according to a survey of 1,000 participants by the ING Retirement Research Institute. Eighty-seven percent admit they could save an additional 1% of their annual salary, 59% said they could increase it by 3%, and 53% could bump it up by 5%. And for 64%, their 401(k) or other employer-sponsored retirement plan accounts for all, if not the majority, of their retirement savings.