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WASHINGTON -- A robust, well-documented oversight process by mutual fund boards can help to keep investor lawsuits at bay, but good documentation is not enough. Experts say boards must also stay on top of a wide range of developments in derivative exposure and potentially misleading advertisements, among other things.

WASHINGTON -- Industry leaders are worried that newly proposed regulations-such as the financial reforms being debated by the Senate and the Securities and Exchange Commission's large trader reporting system-would seriously hinder market activity. But officials argue that such changes are necessary to bring markets out of the dark.

AIG May Sue Goldman

The Securities and Exchange Commission’s Office of Inspector General found that at least 33 SEC employees and contractors used government computers to view pornographic images in the past five years.

The Department of the Treasury is asking primary dealers what impact the SEC’s revisions to Rule 2a-7 will have.

Wherever the money’s going, it’s not going to municipal bond mutual funds.

PE manager Onyx Capital Advisors charged with committing fraud against area pension funds

The "noise" surrounding earnings season faded in the first quarter, and that may have said as much about how banks are shaking off the residue of the crisis as did the cuts in loan-loss provisions or the confident pronouncements of chief executives.

It appears the best way to broker a compromise on a hot-button issue in the regulatory reform bill is to study it. That, at least, is the approach taken in Senate Banking Committee Chairman Chris Dodd's 1,300-plus-page bill, which includes more than two dozen studies on topics from industrial loan companies to contingent capital to the implementation of the Volcker Rule.

Following a disastrous first quarter a year ago, T. Rowe Price Group Inc. announced Friday that its quarterly profits more than tripled.

The Financial Industry Regulatory Authority announced Thursday it has reached settlements with units of HSBC and U.S. Bancorp related to the sale of auction-rate securities that became illiquid when auctions froze in February 2008.

The civil suit filed against Goldman Sachs by the Securities & Exchange Commission alleging securities fraud could strengthen the argument to establish a universal fiduciary standard, according to legal experts.

The Department of the Treasury on Friday issued a questionnaire to primary dealers asking them how the SEC’s new money market fund rules, which take effect on May 5, could impact demand for Treasuries and the broader Treasury repo and cash market functioning. Treasury is seeking the information ahead of a meeting with the dealers on April 30.

NEW YORK—The financial services industry might want to take a cue from Domino’s Pizza before declaring “mission accomplished” on the economic crisis.

With stock gains in the triple-digit, where can an investor turn for the next big thing?

According to Sullivan, everyone has multipliers, each of which are related to five main topics: Time, people, money, technology and purpose in life.

Hampered by loan losses, Wilmington Trust Corp. reported a loss in the first quarter, but the company remained positive about its wealth management and corporate client services businesses.

JPMorgan, the nation’s third largest municipal underwriter, and Charles Schwab, one of the world’s largest financial services companies, have joined forces to meet what they see as increasing demand from retail investors in the fixed-income market.

Dodd calls for study on performance information in advertisements.

Though smaller companies may still bid on individual failed banks, they may have to enlarge their bids — perhaps significantly — to compete with package buyers.