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Pinnacle Capital Markets has once again has been slapped with a fine for inadequate anti-money laundering and customer identification procedures involving foreign investors using its direct market access system.

The fallout from the financial reform bill is still up in the air, but the wealth management industry expects compliance and service costs to rise.

Tax-free money market funds continued to seesaw during the week ending Aug. 30, declining $2.84 billion to $337.91 billion in total assets on the heels of nearly $600 million the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

The unit investment trust has quietly blossomed into the dominant investing vehicle for Build America Bonds — the taxable municipal debt created under last year’s stimulus legislation.

At a hearing on "too big to fail" institutions, commissioners questioned if the new systemic risk council would have the political will to break up risky firms and raised concerns about "living wills."

Retirement plan participants are calming down, according to a Mass Mutual analysis of its plans.

The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 in order to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.

After roughly a month of deliberation, Hewitt Associates said Thursday that its acquisition of investment consultant powerhouse Ennis Knupp + Associates has been approved.

Wilmington Trust's new executive talks about his strategy for growth in the New York market.

Fixed annuities, which experienced a sales boom last year in banks, stem the bleeding, while variable annuities finally start trending upward, Kehrer-Limra says.

An 11.4% decline in the S&P 500 Index fails to deter group plan participants’ long-term plans.

Scout Investment Advisors announces its second deal in as many months, buying Reams Asset Management.

SEC reprieve for money funds that would require them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

If there’s a day of reckoning on the horizon for municipal closed-end funds, the market hasn’t spotted it as investors continue to fork over a premium for the trusts.

Issuers priced $23 billion in junk bonds in August, the seventh largest monthly U.S. high yield volume on record, according to Dealogic.

Roughly two years after its near collapse, critical questions about the fall of Wachovia remain unanswered

The operator of a pan-European data network has deployed high-speed optical networking gear, to achieve trip times of 4.22 thousandths of a second between London and Frankfurt and 2.65 milliseconds between Paris and Brussels.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Chris Gootkind is the latest addition at Loomis, Sayles & Co., where he has joined the firm’s fixed-income group as the director of credit research and a credit strategist.

Bank of New York Mellon announced Wednesday it completed its first wealth management acquisition in Canada with its purchase of I(3) Advisors, a Toronto independent wealth strategy company.