Compliance

The Investment Company Institute and the chairman of the ICI Money Market Working Group, William McNabb, who is also the chief executive officer of Vanguard, are speaking out against the Financial Stability Oversight Council’s meeting yesterday to discuss money market fund regulation.

An advisory committee organized under the Treasury Department on Tuesday voted unanimously to move forward with a set of proposed rules intended to stabilize money-market funds and prevent a run on assets similar to the jolt the market experienced during the financial collapse of 2008 and 2009.

Since the implementation of a new set of registration requirements under the Dodd-Frank financial reform bill, the regulatory landscape for investment advisors has shifted dramatically, according to data compiled by the SEC's Division of Investment Management.

Change is in the air for money market funds and this time it looks like proposed reforms, in whatever form they may take, are going to stick.

The world’s biggest investors say the rout that erased $1 trillion from the value of global equities after President Barack Obama was re-elected overlooks the fact that the world economy is improving while U.S. leaders start discussions that may avoid the so-called fiscal cliff.

In the wake of a settlement of a patent infringement lawsuit involving two major financial planning software products, both sides are proclaiming victory.

Bruce R. Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the Securities and Exchange Commission.

Bruce Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the U.S. Securities and Exchange Commission.

A circuit court judge in Virginia dismissed a suit that charged BNY Mellon with overcharging the state’s pension fund for foreign exchange transactions. The dismissal came after the Virginia Retirement Systems announced a renewal of a services contract with BNY Mellon.

WASHINGTON — The Financial Stability Oversight Council will meet Nov. 13 to consider reform to money market mutual funds, the Treasury Department said Thursday.

President Obama said Friday he is asking the bipartisan leadership of the Senate and House of Representatives to come to the White House next week to begin negotiations to avert a set of tax increases and spending cuts that will automatically take effect in January if Congress fails to act.

With the election over, when members of Congress return to Washington next week, the task awaiting them will be to hammer out what has been an elusive compromise on taxes and expenditures to avert the so-called fiscal cliff, a combination of tax increases and deep spending cuts set to take effect in January should lawmakers fail to act.

PIEtech, Inc., maker of the popular planning software product MoneyGuidePro, has settled a patent infringement lawsuit brought against it and UBS Financial Services by its competitor, Wealthcare Capital Management.

WisdomTree Investments has dodged a legal bullet.

Expect more financial regulatory changes, Schwab executives suggested Thursday -- and be wary of a new recession if Congress and the new administration don’t take steps to keep the country from going all the way over the so-called fiscal cliff

With Obama in office for a second term, the markets are likely to do well, the fiscal cliff will probably be resolved and Dodd-Frank and Obama's healthcare legislation are here to stay, said current and former MFS investment experts during the firm’s post-election webcast for financial advisors.

Tim Ryan says focus should be on moving forward with Dodd-Frank and addressing the fiscal cliff.

The elections mostly delivered the status quo, but raised a host of questions about how lawmakers will tackle the fiscal cliff, big bank breakups and housing finance reform.

“Last night’s speech showed that he knows that he needs the whole country engaged and to work with him,” BNY Mellon Investment Management CEO Curtis Arledge said of President Obama.

Advisors can calm clients who wanted a Romney victory.