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The number of listed exchange-traded funds grew 20.6% in 2011 and the number of listed exchange-traded notes grew 53.8%, according to U.S. figures developed by the Exchange-Traded Fund Association.

Financial services industry groups are ready and willing to help the Labor Department do a formal study of the potential impact of a redefinition of fiduciary responsibility, according to a new letter several trade organizations wrote to the department.

WASHINGTON-In technical terms, Congress handed regulators the baton a while ago to implement a crackdown on proprietary trading.

The world's largest asset management firm will be the first to list securities on a BATS Global Markets electronic venue that now competes for listings on the New York Stock Exchange and Nasdaq Stock Market. BlackRock will list eight single-country ETFs with BATS. Based on MSCI Indexes, the ETFs will cover: Australia, Canada, Finland, Germany, India, Norway and the U.K. The Norway fund will start trading Jan. 24 and the other funds soon after.

The Securities and Exchange Commission last week warned publicly traded banks to be more thorough and consistent in disclosing their exposure to European sovereign debt.

James King, senior vice president and head of Prudential Retirement's Stable Value Market Group, has been elected chairman of the board of the Stable Value Investment Association. He began his term Jan. 1.

With yield and risk investors' two biggest concerns today, Nuveen Investments has launched a microsite focusing exclusively on income (http://www.nuveen.com/income/default.aspx).

Drum roll, please.

With deadlines bearing down for certain federally registered investment advisors to transition to state regulation, advisors have a host of concerns and questions, experts say.

The Dow Jones Industrial Average shed 49 points to close at 12,422.06 Friday as investors reacted to news that S&P will downgrade both France and Austria’s credit rating and is mulling the same for other eurozone countries.

Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute.

Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute.

Financial services industry groups are ready and willing to help the Labor Department do a formal study of the potential impact of a redefinition of fiduciary responsibility, according to a new letter several trade organizations wrote to the department.

BNY Mellon Wealth Management has added Timothy Barker as a family wealth advisor to its growing team of advisors to ultra high-net-worth families and family offices.

Planners have taken note of the fact that clients with incomes of $1 million or more were twice as likely to be audited by the IRS in 2011 than they were in 2009. Several say they are taking steps in anticipation of still greater vigilance on the part of the agency.

Here’s what Investment Technology Group thinks will happen in the coming year, with modest re-interpretation.

Gregory Fleming, president of Morgan Stanley Smith Barney and Morgan Stanley Investment Management, was elected to replace former Bank of America Merrill Lynch wealth management head Sallie Krawcheck on the SRO’s Board of Governors.

The number of listed exchange-traded funds grew 20.6% in 2011 and the number of listed exchange-traded notes grew 53.8%, according to U.S. figures developed by the Exchange-Traded Fund Association.

The Dow Jones Industrial Average picked up 21.57 points to close at 12,471.02 while the Nasdaq recorded its sixth consecutive winning session, gaining 14 points to finish at 2,724.70.

Fifth Third Securities Inc., a subsidiary of Cincinnati-based Fifth Third Bank, has promoted Mike Collins to area investment manager for the bank’s Northern Cincinnati and Western Ohio region.