Compliance

The Office of the Comptroller Currency ordered JPMorgan Chase to refund fees to certain retirement account customers whom it steered into its own mutual funds. The move reflected regulators' broader concerns about conflicts of interest in its giant asset management business.

It looks like Nationwide Mutual Insurance Company will have its day in court come January 2014 to defend itself against a mutual fund lawsuit.

A Philadelphia district court handed down a $100,000 fine and six-month prison sentence for allegedly unlawful trades.

If federal regulators move ahead with a plan to impose a uniform fiduciary standard of care on investment advisors and broker-dealers, financial professionals anticipate that the cost of doing business will increase, with a result of higher client fees and more limited services, according to a new survey.

Sen. Pat Roberts, R-Kan., and Rep. Tom Price, R-Ga., have introduced legislation in the Senate and the House to block foreign governments from collecting taxes on securities transactions.

By now, the Securities and Exchange Commission's newly-minted Chair Mary Jo White must be inundated with advice on how to succeed at her job from sources near and far.

2012 marked a strong year for FINRA. In addition to rebounding from four years in negative territory to post $10.5 million in profit for the year, the independent securities regulator also enhanced their regulatory programs. It also saw executive compensations (for the most part) increase. Check out whose compensation soared, and whose did not.

The number of disciplinary actions rose as the regulator invested in new platforms and technology to broaden oversight.

The Securities and Exchange Commission has named Julie Riewe and Marshall Sprung as co-chiefs of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment companies, and private funds.

Frustrated by a lack of response from regulators on the “ability to pay” exemption, the industry trade group says it’s going to take action this time.

Our legal expert discusses how to deal with FINRA investigation.

Preparation and communication are key to a smooth visit with FINRA.

At the recent FINRA conference, SEC Commissioner Elisse Walter endorsed advisor "gold standard."

New draft proposal is part of a House movement to reign in the legislation.

Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.

Mutual fund companies are facing ongoing challenges in overseeing their financial intermediary relationships as omnibus processing and the reliance on FIs continue to increase, according to a new survey by Boston Financial Data Services.

It looks like Nationwide Mutual Insurance Company will have its day in court come January 2014 to defend itself against a mutual fund lawsuit.

The Senate Finance Committee's top two tax writers asked their 98 colleagues on Thursday to submit detailed proposals justifying which tax breaks should be kept in the code as they move forward on comprehensive tax reform.

OppenheimerFunds, the U.S. investment fund that manages about $208 billion, has sued Doux SA in New York, claiming it’s owed almost $74 million by the French poultry producer placed under administration.

A new FINRA rule aims to make information on brokers’ disciplinary actions more available and searchable.