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Now that the deal for Reams has been completed, Kansas City, Mo., based Scout has $19.8 billion in assets under management.

James Hertz, a former vice president and marketer in JPMorgan’s municipal derivatives group, pleaded guilty Tuesday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contracts and other municipal finance agreements, the Justice Department announced.

The London Stock Exchange Group said UBS AG became the first international bank to begin directly reporting market data usage, in real time.

The Securities and Exchange Commission’s insider trading sweep leaped across the Atlantic Ocean, with a former tax partner at Deloitte LLP charged with leaking confidential information on potential mergers to family members in London.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

State Street said it will cut 5% of its work force, as it accelerates its investment in new technologies such as "private processing clouds."

Spilker previously headed the investment bank's investment management division.

To quell doubts about its mortgage unit's handling of documents, Bank of America Corp. is distancing itself from … itself.

Rep. Randy Neugebauer, R-Texas, is gearing up to play a leading role on the House Financial Services Committee next year — to ensure that regulators do not overstep their bounds.

Bank Investment Consultant magazine honored the industry's best bank-based financial advisors for 2010. Take a closer look at what makes them so great.

According to a Schwab survey, active traders are more optimistic than they were six months ago, but few think they’ve done enough to protect their portfolios.

The formula employers use for their matching contributions in their 401(k) plans serves as a strong cue to workers for how much to contribute, analysis by The Principal finds.

Client segmentation and scheduled marketing campaigns are key to efficient communications, Dan Kraus says.

Equity funds finally stem the bleeding after months of outflows, ICI finds.

J.P. Morgan Asset Management announced Tuesday it hired Michael Falcon as a managing director and head of retirement in the United States and Canada.

The wealth management center features commentary on a variety of financial planning subjects, including information on taxes, planning for retirement and other wealth-related strategies, and a range of investment and wealth management information, planning ideas and tools.

Sponsors would have to disclose a fund’s asset allocation and how that changes over time.

Reductions of 18% to 54% bring total expense caps to 40 basis points to 1.10%.

Issuers in four states have ­accounted for nearly half of the $164 billion of Build America Bonds issued since the ­program’s inception 19 months ago. Municipal market participants say the lopsided ­distribution should be a consideration for investors, but for others the unbalance has limited value in measuring the program’s success.

The best online experiences employ a kind of magic — and one of the Web's leading conjurors says banks can learn the tricks.conjurors