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The Financial Services Institute has appointed the CEO of a large broker-dealer holding company to its 2012 Board of Directors.

The funds might include both domestic and U.S.-listed foreign companies, a feature that allows for a more global representation.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.

inShareWells Fargo & Co. has signed a deal to acquire investment boutique EverKey Global Partners.

For once, it’s the whippersnappers who are behaving more wisely. At least when it comes to saving, Generation X and Generation Y workers are more diligent than their peers.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.

Encouraging economic news from Europe and the Commerce Department put a charge into stocks Tuesday, sending the Dow Jones Industrial average up 337 points – its largest single-day surge of the month.

Federal regulators unveiled a highly-anticipated proposal that details how they plan to regulate the largest domestic financial firms, including new capital and liquidity requirements.

Global X Funds is liquidating eight of its exchange-traded funds, including a fund focused on emerging markets and another on waste management.

The U.S. Attorney's Office for the Southern District of New York said that the former controller of accounts at Bernard L. Madoff Investment Securities pled guilty to four counts of falsifying records.

Investment management firm Matthews it will re-open two of its funds to new investors. The Matthews Asian Growth and Income and the Matthews Asia Small Companies funds will both reopen on Jan. 4, 2012.

inShare WASHINGTON — Federal regulators Tuesday unveiled a highly-anticipated proposal that details how they plan to regulate the largest domestic financial firms, including new capital and liquidity requirements.

Dalbar has announced its 2011 Mutual Fund Service Award Winners in Financial Services—with top honors for customer service going to:

Versus Capital will launch a retail mutual fund-of-funds that invests directly in income-producing real estate—a type of investment typically only available to institutional investors. Callan Associates will serve as sub-advisor.

Global X Funds is liquidating eight of its exchange-traded funds, including a fund focused on emerging markets and another on waste management. All of the funds trade on NYSE Arca. The eight closings, scheduled for Feb. 27, with the last day of trading on Feb. 16, are:

Americans’ financial outlook is ending 2011 with a continued rise in confidence, the Country Financial Security Index shows. The index rose 1.6 points in December, to end the year at 64.8.

A jury for the U.S. District Court for the Southern District of New York has ruled in favor of an SEC lawsuit against a former Prudential Securities registered rep for market timing mutual funds between 2001 and 2003.

When Bank of America Merrill Lynch financial advisor Jay Fields had to do a couple of swaps on Monday morning from one security to another, he said the process was seamless thanks to a new portfolio management and trading platform.

Of all the social media sites that Aite Group followed in its study, only the use of LinkedIn grew between 2009 and 2011.

For once, it’s the whippersnappers who are behaving more wisely. At least when it comes to saving, Generation X and Generation Y workers are more diligent than their peers.