Compliance

A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.

Industry leaders at NICSA's strategic leadership forum in Hollywood, Fla., reached quick consensus on the twin challenges at the top of every organization's strategic priority list: managing cybersecurity threats and responding to increased regulatory demands.

The International Organization of Securities Commissions said that it will publish a second batch of draft plans on Feb. 20 for identifying funds or particular investing practices that could present systemic risks.

Local investing opportunity networks can bring in a healthy income stream -- but advisors need to make sure compliance is squarely on their side.

Obama signs executive order encouraging businesses to share more information about new and emerging threats as regulators warn the advisory industry that they're watching closely.

Top official says the industry regulator is combing through hundreds of comment letters on controversial broker data-reporting rules, vowing close consideration of privacy and security concerns.

The SEC barred an RIA from the industry after the firm was charged with misleading investors -- including falsely claiming that its fund was "SEC approved."

Asset management organizations must adopt modern, maintained systems that provide a single coherent book of record and smoothly integrate with the surrounding necessary data flows.

Support for fully exempting community banks from the Volcker Rule continues to grow, but advocates fear it could be waylaid by a larger fight in Congress over changes to the Dodd-Frank Act.

No clarity on how regulators will decide to handle fiduciary standard proposed for broker-dealers, Schapiro said.

The mounting danger of data breaches and online crime threatens firms with financial disaster unless they become more cyber-resilient, says one cyber security and technology risk expert.

The push to make money-market funds safer means the biggest U.S. banks will pay more to borrow while America’s near record-low financing costs go even lower.

With mutual fund assets growing exponentially, more private fund managers are taking advantage and launching retail funds. They might be unfamiliar with the scrutiny faced by traditional mutual funds, especially since Sarbanes-Oxley was passed. There are things to keep in mind when considering the best Sarbanes compliance practices.

Too many companies skip this important step when confronted with a breach, but financial services firms are a critical line of defense against threats to client data.

The three join a growing roster of J.P. Morgan alumni suspended and fined by FINRA since January.

Government and industry regulators release results of sweep exams evaluating digital defenses at advisor and broker firms, the latest indication that the groups are getting serious about cybersecurity.

A well thought-out and rehearsed response plan can be the difference between successfully containing cyberthreats and disaster, says Stephen Russell of PricewaterhouseCoopers.

FINRA finally threw the book at a former J.P. Morgan registered rep who it claims issued unauthorized ATM cards as part of scheme to loot money from customer bank accounts.

The big leadership issues facing executives in the asset management industry have multiplied in just a year, one reason why attendees at the upcoming NICSA Strategic Leadership Forum in Hollywood, Fla., might be hard-pressed to agree on a common concern.

Federal Reserve Governor Daniel Tarullo said asset managers could pose potential risks in a future crisis if they are forced into fire sales, and said new regulations might be warranted to promote stability.