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The CFP Board permanently revoked the right of William B. Smith of Grafton, Mass., to use the CFP designation after investigating allegations that he fraudulently used $1.2 million in client’s money for his own benefit and moved $25,000 from another client to his own account.

On June 21, 2012, Nationwide Funds Group delivered some welcoming news to its investors.

A prolonged low-interest-rate environment has compelled high-net-worth investors to seek out dividend-producing stocks and corporate bonds with renewed vigor, according to a new survey by Fidelity Investments.

On June 21, 2012, Paul Schott Stevens, president and chief executive officer of the Investment Company Institute, gave his perspectives on money market reforms today in front of the Committee on Banking, Housing, and Urban Affairs in Washington, DC.

The regulator announced Thursday it fined Merrill for “supervisory failures” and “for failing to provide certain required trade notices.” Merrill has provided $32 million in remediation, plus interest, to the affected customers.

On June 21, 2012, Susan L. Wagner, a founding partner of BlackRock, is retiring as a Vice Chairman of BlackRock and has been elected to BlackRock’s Board of Directors.

Ranging from 13 to 22 years old, some members of Generation Z may have just gotten their first cell phone, but that does not mean advisors should ignore them.

Now alternative mutual funds will be rated in similar fashion to its more traditional counterparts.

Omaha, Neb., based Catalyst Funds has launched what it touts as “the first legal insider trading mutual fund."

On June 21, 2012, now alternative mutual funds will be rated in similar fashion to its more traditional counterparts.

Ever wonder how a Morningstar analyst develops a mutual fund rating? The process can take as long as six weeks and involves a littany of questions about people, process, parent, performance and price.

Fed Chairman Ben Bernanke suggested that the Volcker Rule to ban proprietary trading would have helped to prevent the $2 billion credit loss at JPMorgan.

Most banks have eliminated bonuses, but thanks to stock options a dozen top executives raked in seven figures last year, according to SNL.

Ever wonder how a Morningstar analyst develops a mutual fund rating?

The Dow Jones Industrial Average lost 12.94 points Wednesday to close at 12.824.39 after the Fed said it would extend “Operation Twist,” but offered little else to assuage the concerns of anxious investors.

For the week ended June 13, investors placed an estimated $5.46 billion into virtually all categories of mutual funds, more than compensating for the previous week’s $1.55 billion outflow.

On June 20, 2012, Deutsche Bank concluded its exclusive negotiations with Guggenheim Partners over a potential sale of RREEF, its global alternative asset management business.

On June 20, 2012, Omaha, Nebraska-based Catalyst Funds launched what it touts as “the first legal insider trading mutual fund”.

Social media record keeping may become a larger challenge for firms as they keep pace with regulatory rules, Bank of America Merrill Lynch executive Douglas G. Preston said Wednesday at the Securities Industry and Financial Markets Association’s Social Media Seminar in New York.

On June 20, 2012, Callan added John P. Jackson to its Fund Sponsor Consulting group as senior vice president, effective June 18.