Compliance

Financial advisor candidates will need to pay more to take securities licensing exams starting June 1, the North American Securities Administrators Association announced.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

Mary Jo White, the first former prosecutor to serve as chairman of the U.S. Securities and Exchange Commission, has pledged to run a “bold and unrelenting” enforcement program at the agency charged with regulating Wall Street.

Former MF Global Inc. broker Evan Brent Dooley was sentenced to five years in prison for making unlawful unauthorized trades that caused the now-defunct futures firm to lose more than $141 million in 2008.

Securities and Exchange Commission commissioners and panelists at a roundtable Tuesday wrestled with how to improve the transparency of municipal bond trading and prices, particularly for retail investors.

An enforcement action from the Securities & Exchange Commission is a timely reminder to advisors to disclose any financial benefits their firm may receive from the broker-dealer it recommends to clients.

FINRA fined Merrill $1.05 million and ordered the firm to pay more than $323,000 in restitution for over 12,000 trades executed on its ML BondMarket platform.

New rules to reduce risk in money-market mutual funds will be proposed in the next two months by the Securities and Exchange Commission, which won’t be slowed by a leadership change, a commissioner said.

The Financial Industry Regulatory Authority fined a firm $37,500 for trade and books and records violations, and a broker $5,000, giving him a four-month suspension, for telling a customer he redeemed bonds rather than sold them without the customer's permission.

Companies that submitted initial resolution plans last year to the Fed and FDIC under Dodd-Frank must detail in their second drafts how they would address impediments to a wind-down and follow the series of steps required for bankruptcy.

Vanguard is shaking up its government relations office.

New rules to reduce risk in money-market mutual funds will be proposed in the next two months by the U.S. Securities and Exchange Commission, which won’t be slowed by a leadership change, a commissioner said last week.

Pimco's 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.

The Securities and Exchange Commission is getting social.

After Fidelity warned that a fiduciary standard could have harmful ramifications, one reader has responded that "Wall Street is unleashing its attack dogs" to try to stop important new guidelines.

Several provisions affecting advisors contained in President Obama’s budget blueprint drew sharp reactions from many corners of the industry, with groups variously praising measures to increase funding for securities regulators and blasting provisions concerning taxes and retirement planning.

The suitability of leveraged and inverse exchange-traded funds climbed on FINRA’s Enforcement hit list last year.

Mary Jo White was sworn in as SEC chairman and led a meeting where the agency approved rules requiring brokers and investment advisors to adopt identity-theft prevention programs.

Mary Jo White was sworn in this morning as the 31st Chair of the Securities and Exchange Commission.

A top executive with Fidelity urged congressional action to stave off what he described as "a looming retirement crisis," appealing to lawmakers to pressure the Department of Labor to avoid an expansive redefinition of fiduciary responsibilities for advisors, among other things.