Compliance

A former JPMorgan Chase banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.

Janet Yellen, vice chair of the Federal Reserve Board and President Obama's pick to run the central bank, will appear before the Senate Banking Committee on Nov. 14.

State securities regulators have been ramping up examinations of investment advisors in the aftermath of the Dodd-Frank Act, which required more than 2,000 midsized advisors who had been overseen by the feds to register with state authorities.

Currencies and commodities were added to a list of financial products and related activities that are subject to investigation, according to a regulatory filing published by the New York-based company today.

The firm settled legal disputes with federal regulators tied to mortgage-backed securities for about $335 million.

As the standard-setting body for CFP professionals, the CFP Board has a critical role in shaping the financial planning profession. Along with the FPA, it has laid the foundation for the past 25 years for the recognition of financial planning and it has worked admirably in enforcing the standards for CFP professionals. …

Wells Fargo is among firms facing federal scrutiny of mortgage-bond sales under a 1989 law the government is using to extend probes of banks’ roles in the credit crisis, two people with knowledge of the matter said.

The firms will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system, two people with knowledge of the matter said.

Regions Financial, Alabama’s biggest bank, received a subpoena from the U.S. Department of Housing and Urban Development tied to the origination of mortgages backed by the Federal Housing Administration.

Goldman Sachs Group, JPMorgan Chase and Bank of America are among Wall Street firms still catering to SAC Capital Advisors after the hedge fund agreed to plead guilty to insider trading charges.

The sixth-largest U.S. bank by assets said it may be sued by American International Group over mortgage-backed securities that the insurer purchased before the financial crisis.

Some advisors worry that the new rules could inspire an irrational enthusiasm.

Eight leading managers of money-market mutual funds urged the SEC to alter the way it defines retail funds in proposed new rules for the industry.

Sean Walters, chief executive officer of Investment Management Consultants Association, discusses how the organization's examination curriculum is changing to account for the evolving needs of high net worth clients and why certification programs in general will face increased scrutiny from regulators.

After an investigation reveals mislabeling, advisors told to stop describing themselves as "fee-only" on the CFP website.

A Supreme Court ruling highlights the problems that may ensue when an ex-spouse remains a beneficiary for death benefits.

The agency's chief administrative law judge has dismissed a commission order instituting cease and desist proceedings against two UBS executives in Puerto Rico for allegedly misleading mutual fund investors.

The processes used by the IRS to verify taxpayers’ income and withholding status are inadvertently resulting in the issuance of potentially fraudulent tax refunds, according to a new report.

A measure that would put the brakes on the Department of Labor's proposal to establish a fiduciary standard for advisors to retirement plans was approved by the U.S. House of Representatives in a largely party-line vote on Tuesday.

The CFP Board’s highly publicized $36 million 'Let's Make a Plan' campaign may have misled consumers.