Compliance

Former U.S. Senate aides Michael Piwowar and Kara M. Stein won confirmation as members of the Securities and Exchange Commission. The current SEC chairman Mary Jo White was also confirmed to a full term that expires June 5, 2019.

One of the leading contenders to be the next chairman of the Federal Reserve, Lawrence Summers, has been a paid consultant to Citigroup and other financial institutions. Opponents of his nomination are sure to seize upon this.

Wedbush has brought on the former president of First Washington amid questions over his supervision of a former employee.

Brokers who hold investors’ assets will have to file quarterly reports attesting to compliance with measures toprotect customer money and securities under rules adopted by the U.S. Securities and Exchange Commission.

A district court judge delivered a blistering rebuke of the Federal Reserve Board on Wednesday, tossing out a central bank rule that caps debit card transaction fees and saying the central bank exceeded its authority.

Our legal expert discusses how to make sure you're getting your due in commissions.

A recent CFP Board sanction highlights the challenge for planners in identifying where they stand amid the range of compensation models.

Everyone agrees that the current mishmash of legal oversight doesn't work. Here's a framework that could clean up the mess.

Federal prosecutors brought criminal charges against SAC Capital on Thursday. Dubbing SAC “a veritable magnet of market cheaters,” authorities argued that the company allowed a “systematic” insider trading scheme to play out between 1999 to 2010. It is deemed that the scheme generated profits for the firm in the hundreds of millions of dollars.

While the regulatory reform effort is likely to continue on its current path if Janet Yellen, the Federal Reserve Board's vice chairman, is tapped to lead the central bank, the future is decidedly murkier if Larry Summers wins the post.

The Municipal Securities Rulemaking Board will issue two concept releases next month, one seeking public comment on whether to develop a best execution rule and another requesting input on enhancing post-trade data reporting and developing standards for collecting and disseminating pre-trade information.

Since 2008, investors have sought new investment strategies less affected by market downturns. At the same time, many hedge fund managers who survived the collapse with positive returns are looking to expand their offerings to the retail market. Adding budget cuts and new regulations to the mix creates a recipe for potential problems.

Increased demand for due diligence on hedge funds-if not for the funds themselves-may be the initial impact of the Securities and Exchange Commission's recent ruling lifting an 80-year-old ban on advertising for private offerings.

Hedge fund managers now no longer have to hide behind their websites because they are free to advertise openly to investors who meet their investment requirements courtesy of President Obama's JOBS Act

Forthcoming federal rules could require all investment advisors to implement formal anti-money laundering programs -- a shift that would bring RIAs under a similar regulatory regime as that governing broker-dealers, mutual fund complexes and other financial institutions.

The Federal Deposit Insurance Corp. took seven enforcement actions and freed 13 banks from orders in June, according to a list of regulatory actions released Friday.

The Federal Reserve Board will be expanding its yearly stress-test exercise next year to include 11 more bank holding companies, bringing the total to 29 firms.

The Securities Industry and Financial Markets Association is proposing a new “execution-with-diligence” standard for municipal trading that would require a dealer to use “reasonable diligence” to determine the market for a bond so the price it provides to a customer is “fair and reasonable under prevailing market conditions.”

The group targeted companies that processed financial transactions and retailers that received and transmitted financial data.

Former UBS AG executive Peter Ghavami was sentenced to 18 months in prison for rigging what should have been competitive bids to handle municipal-bond investment deals.