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PIMCO has hired seven-year Goldman Sachs Asset Management (GSAM) veteran Maria (Masha) Gordon to help lead its emerging markets strategy team in its London location.

Sometimes regulatory changes that are meant to benefit investors end up taxing industry professionals. That does not appear to be the case with the Securities and Exchange Commission’s (SEC’s) new requirements for Form ADV, Part 2.

The Financial Industry Regulatory Authority Thursday ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million for making trades on behalf of customers that were not suitable for them.

NEWARK, N.J.--American corporations and households are tidying up their debt to get their financial house in order.

Despite the fact global assets under management increased, asset managers continue to face challenges as they struggle to earn a profit, according to a report released Tuesday by The Boston Consulting Group.

WASHINGTON — President Obama's signing of regulatory reform legislation Wednesday signaled the official end of a hard-fought legislative battle but just the beginning of the tougher task of implementing the new law.

JERSEY CITY, N.J.-Direct Edge formally launched the changeover of its EDGA and EDGX trading platforms into national stock exchanges Wednesday.

The world the oldest Baby Boomers were born into and the world they are leaving behind as they begin to exit the workforce is an interesting, albeit somewhat depressing, paradox to consider.

WASHINGTON-The Securities and Exchange Commission voted unanimously Wednesday to propose new rules designed to revamp the 12b-1 sales and distribution fees some mutual funds charge and to provide better disclosures of them to investors.

International asset management firms are taking their recent uptick with a grain of salt as they anticipate a continued climb from the financial pitfalls of 2008, a new study claims.

The AARP Financial mutual funds will cease to exist as of Oct. 1, less than three years after launching the funds to much fanfare.

TD Ameritrade Holding Corp. announced that profits increased 5% to $179.4 million, or 30 center per share, as trading volume increased.

As it continues to recover from TARP-related charges and securities losses, Bank of New York Mellon Corp. reported Tuesday that its quarterly results nearly quadrupled from a year earlier.

State Street Corp. followed serve Tuesday as custodial banks used the second quarter to bounce back from a year-earlier loss to post a profit.

The board of directors of LL Global, the parent of trade groups LIMRA and LOMA, announced that President and CEO Robert Kerzner would retain that position for another five years.

Money Management Executive is offering a unique sponsorship opportunity to position your firm as a thought leader and solutions provider in the area of ETF administration.

Two new Standard & Poor’s indexes tracking municipal bonds launched yesterday, paving the way for Vanguard to enter the municipal exchange-traded fund business.

A plan by the Commodity Futures Trading Commission to monitor just who is trading U.S. futures contracts and how much they are trading could mean some onerous – and costly -- data management challenges for futures commission merchants. The focus is firms trading and clearing futures contracts.

NYSE Technologies Tuesday launched a fully-managed, point-to-point order routing service.

Not-So-Fab: Fabrice Tourre, the Goldman Sachs bond trader at the center of the government's fraud probe against the firm, denied charges that he misled investors.