Compliance

The time has finally arrived. FINRA’s new suitability and know-your-customer rules take effect today.

On July 9, 2012, Just how tough can it possibly be to successfully stage an IPO, at a time when the bulk of trading on the nation's equity markets is automated? And when it will only get more so? The failure of the Facebook IPO has so rattled investors that it has become a totem of their lost faith in the orderly functioning of capital markets.

The SEC named Norm Champ director of the agency’s division of investment management, replacing Eileen Rominger, who is retiring.

The SEC approved a pilot plan that will allow some orders to go undisplayed on the New York Stock Exchange as a way for the biggest stock trading venue to attract individual investors.

A federal appeals court struck down Goldman Sachs’ appeal of a $20.6 million arbitration award decision on Tuesday, holding up the original 2010 decision in favor of creditors of the Bayou Group.

An investment management firm now owned by Wells Fargo has agreed to pay $25 million to settle claims that it misled investors about the makeup of a mutual fund it once marketed.

Ken Joseph will take over the role of regional director of the examination program for the New York Offices of the SEC

Large arbitration cases of $10 million or more can now create new processes to fit a case and go around certain established rules under a new pilot program launched today by the Financial Industry Regulatory Authority, or FINRA.

Higher operating costs, increases in employee compensation and losses in equity markets took their toll on the regulator’s books.

How often have sponsors had to intervene to prop up money market funds?

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers, who argue it will raise capital requirements, increase compliance costs and curb lending.

When do you have to be forthcoming about a civil action coupled with a bankruptcy?

Revision aligns with FINRA's new rule on suitability.

How often have sponsors had to intervene to prop up money market funds?

The regulatory board has revised its fees for various services in order to keep up with resource demands.

Hundreds of delinquent medium-sized RIAs must register with their respective states by today’s SEC deadline or face the prospect of being de-registered as early as Sept. 1.

Hundreds of medium-size RIAs are procrastinating and face the specter of de-registration by the SEC if they do not file for state registration by Thursday.

New Rule G-43 requires that broker's brokers make reasonable efforts to obtain fair and reasonable prices when conducting secondary-market "bid-wanted" auctions.

A new research initiative from the Insured Retirement Institute will promote streamlined licensing and registration processes.

As regulators and investors impose increasingly stringent transparency and reporting requirements, asset managers face new challenges in all aspects of data management.