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NYSE Euronext said the volume of stock trading it handled in the United States dropped again in October, after peaking in August.

More than $1.2 trillion has been redeemed from equity mutual funds since September 2008, and retail outflows year-to-date through September have surpassed $89 billion—on pace to be greater than all of the money that fled mutual funds in 2008, said Ron O’Hanley, president of asset management and corporate services at Fidelity Investments.

"Emerging markets are just a niche asset class” persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

The Dow Jones Industrial Average plunged 389.24 points to 11780.94 as investors grew concerned about the Euro zone. Stocks had the largest points and percentage drop in seven weeks.

BOSTON—“Emerging markets are just a niche asset class” persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

The Financial Services Authority has slapped a Dubai-based private investor a record $9.6 million – the largest fine ever for an individual – for manipulating the price of a Indian firm traded on the London Stock Exchange.

FINRA has proposed a new rule requiring carrying and clearing firms to maintain certain customer records electronically in an automated accessible location to facilitate the liquidation and transfer of customer accounts if the firm goes bust.

In this low interest rate environment, some financial planners are advising their clients to cut the middleman out entirely with intra-family loans.

Fringe Benefit Administrators will keep its name under the Lincoln Trust umbrella, and expand the Denver firm’s presence in the Southeast.

San Francisco-based Bank of the West is making a major push to beef up its wealth management services for affluent and high-net-worth individuals. The bank has opened three new office centers for the exclusive use of wealth management experts and client relationship managers.

NYSE Technologies said it extended its global trading network to a fifth Equinix data center.

A pan-African commodity and derivatives exchange said it will open in the middle of next year.

Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

"Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, during an address at the Fund Forum USA’s Global Fund Distribution Summit.

BOSTON—Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

NEW YORK-- Stifel Financial Corp. Chairman, President and Chief Executive Ronald Kruszewski urged pessimistic members of the financial services industry to go back and read a 1979 BusinessWeek article titled “Death of Equities."

The Dow Jones Industrial Average added 101.79 points to 12170.18 Tuesday. The Dow Jones U.S. Total Stock Market Index rose 150.95 points to 13242.81. Stocks were lifted after news that Italian Prime Minister Silvio Berlusconi said he would resign after a budget law is approved.

Education Secretary Arne Duncan urged a special advisory council to dig deep as it crafts recommendations for improving Americans' financial literacy though education and training programs, arguing that personal finance should be integrated early into the curriculum as a core subject.

Nasdaq OMX Group and a unit of Canada’s TMX Group said they are developing a family of capital markets indices based on U.S. Treasury instruments that will be rebalanced daily, instead of monthly.

BNY Mellon has promoted wealth management veteran Ridgway Powell to a new position leading a team of advisors to ultra high-net-worth families and family offices.