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Although there were sharp disagreements at a Treasury Department conference Tuesday about what kind of role the government should take in the future of housing finance, one idea in particular seems to be gaining momentum: creating an insurance fund to back mortgage-backed securities. future-of-housing-finance

After leading the regulator's division of investment management for four years, Andrew J. Donohue announced he will leave in

Investors are more optimistic this month about the economy than they were last month, according to a survey released on Tuesday.

Raymond James Financial won the dismissal of a class-action lawsuit on Monday after the judge in the case said the complaint was too long and didn’t contain enough facts.

Financial institution ING Investment Management has hired professionals from Columbia Management and Invesco to focus on strengthening the firm’s relationships with institutional investment consultants.

High-frequency traders are “market jackals” and not market makers, in increasingly electronic markets, JonesTrading Institutional Services said in a White Paper released Tuesday.

Most prefer self-directed investing rather than "expensive" advisors, according to Spectrem Group.

Fixed annuities drag the overall numbers down, but variable annuity sales are growing at a healthy clip.

Ameriprise Financial Inc. plans to reduced the lineup of mutual funds run by Columbia Management, but step up marketing and add jobs, according to a report in the Boston Globe.

Fiserv said it hired former JPMorgan Chase executive Sean Gallagher as president of its Investment Services division.

The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates. The consortium said its Private College 529 Plan will offer investors a way to lock in tuition rates at more than 275 private colleges and universities.

The Financial Industry Regulatory Authority has fined three firms $242,500 for municipal rules violations. They include $150,000 against Raymond James Financial Services for supervisory failures related to so-called 529 college savings plans it sold to clients.

The new vehicle comes less than three years after the close of its predecessor, which is already showing a 13% IRR.

The Financial Industry Regulatory Authority is being told by some compliance and financial reporting experts that its proposed requirement for broker-dealers to cough up more detailed and frequent financial reports could be too cumbersome and costly to follow.

Forty-two percent of 111,731 CFA candidates that took the exam passed in June.

After pleading guilty to an investment scam that defrauded 34 clients out of over $700,000, a former Merrill Lynch advisor was sentenced to seven years in prison on Friday.

The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates.

Bank of America is rumored to be considering selling its 34% stake in BlackRock, according to The Wall Street Journal. Now the question is whether the bank is looking to get out of asset management altogether.

Independent member firms of FINRA have landed seats on the regulator’s board.

Bank of America is rumored to be considering selling its 34% stake in BlackRock, according to The Wall Street Journal. Now the question is whether the bank is looking to get out of asset management altogether.