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Robert Khuzami, who led the U.S. Securities and Exchange Commission’s enforcement division’s pursuit of financial industry wrongdoing related to the subprime crisis, plans to step down as early as next month, three people with knowledge of the matter said.

The combined assets of the nation’s exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.

President Obama is urging lawmakers to put together a package to avoid the fiscal cliff with the next 10 days.

This week, municipal bond funds saw their largest outflows since January 2011 and the fifth largest on record.

With 2012 coming to an end and 2013 just on the horizon, many advisors are doing what they can to prepare their business for the New Year.

When doing their Christmas shopping this year, advisors didn't forget their clients. And some are coming up with unique ways of rewarding the loyalty of their closest accounts. It starts with a card and gets more involved (and more pricey) from there. See what some clients are finding under their tree this season.

Samson Capital Advisors has launched its maiden mutual fund, a currency offering dubbed the Samson STRONG Nations Currency Fund.

From social media’s growing influence in wealth management firms, to a look at the top 40 advisors under 40, Wall Street has undergone some rapid changes in 2012.

The U.S. News & World Report today named its mutual fund winners for 2012, including a once-fallen star manager and a mutual fund trade group.

From the Top 50 bank advisors of the year to major acquisitions in the banking space, 2012 has been a roller-coaster ride for advisors in the the bank channel.

The combined assets of the nation’s exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.

Legg Mason Global Asset Management last month teamed up with Brandywine Global Investment Management to launch the Legg Mason BW Global High Yield Fund.

Another former aide to Mary Schapiro takes up a new leadership role at the Securities and Exchange Commission.

Among Vikram Pandit’s last jobs as Citigroup Inc.’s chief executive officer was to decide the fate of the bank’s hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

Target-date funds are slowly inching their way into 401(k) plan participants’ portfolios.

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

"We are likely to end 2012 with a record level of assets'' in exchange-traded funds and other exchange-traded products, said Deborah Fuhr, Managing Partner at ETFGI, the London consulting firm that compiles the numbers. This should also reflect "a record level of net new assets invested into the products during the year.''

Exchange-traded funds have had a banner year, reaching a new peak of $1.7 trillion in assets held, at the end of November.

Hands-on testing of the latest version of PNC's Virtual Wallet reveals some improvements and some lingering performance issues.