Compliance

Morgan Keegan & Co. is going to trial before a judge whose decision to throw out regulators’ claims the retail brokerage misled thousands of investors about the risks of auction-rate securities was reversed on appeal.

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets

President Barack Obama has been re-elected. Is there portent for the mutual fund and exchange-traded fund industry?

Federal Reserve Chairman Ben Bernanke Tuesday said the Fed cannot single-handedly neutralize the impact of the so-called fiscal cliff that the economy may tumble over come January 1.

Now that President Obama has been re-elected, Wall Street is weary of the future. How will the financial sector respond? When will it fully recover? Will the election results embolden regulators and inspire a greater degree of oversight? Will the President introduce new forms of regulation?

“I’m more optimistic by everything I’ve read,” Moynihan said today in London during a Bloomberg Television interview. Lawmakers are taking the matter “very seriously,” he said.

Treasuries fell, following a four- week gain, after President Barack Obama said he was confident the U.S. will avoid the automatic spending cuts and tax increases scheduled to occur at year-end.

Almost immediately after the election, the national conversation turned to what is widely seen as an impending financial crisis known as the fiscal cliff. A dramatic term, for sure, but what does it mean for the economy, investment advisors and their clients?

It's not surprising that risk management and cost containment remain high priorities for fund companies and service providers.

s Vanguard engaged in a fee war in the mutual fund space?

A jury last week found the father and son running the Reserve Primary fund not guilty of fraud but liable on one count of negligence.

The hyper-partisan nature of this last Presidential election was guaranteed to create a long, unhappy hangover for half of the American population, and it created a particular challenge for financial planners and investment advisors. Billions of dollars were spent to tell investors and clients that America is going to hell in a handbasket. People were emotionally invested in the outcome

As we see Washington posturing over the fiscal cliff, we are right to wonder where the Statesmen (and women) are. But what to do from an advisor’s perspective?

President Obama met with congressional leaders at the White House on Friday to negotiate over the expiration of the Bush tax cuts and the looming problem of the so-called “fiscal cliff,” with the leaders agreeing that the meeting had been constructive.

Greenspan said, "If we get out of this with a moderate recession, I would say that the price is very cheap."

Tom Hoenig, a FDIC board member, reiterated his doubts that too big to fail has been eliminated, and offered his prescriptions for strengthening the system.

Despite negative market sentiment due to concerns over the looming Fiscal Cliff, many investors are unprepared for it, according to a recent survey by Nationwide Financial.

With President Obama re-elected and Senate Democrats in the legislative driver's seat, the 2010 reform law is here to stay.

The Securities and Exchange Commission has filed 734 enforcement actions in the past year, one shy of last year’s record of 735, with a focus on investment advisors.

U.S. Treasury Secretary Timothy Geithner yesterday urged the Securities and Exchange Commission to pursue new rules for money-market mutual funds, triggering fresh opposition from industry leaders who had beaten back similar proposals and are pursuing a weaker overhaul.