Compliance

The SEC has accused Chetan Kapur, a manager of a fund of hedge funds, with deceptive conduct in investing in hedge funds that are either Ponzi schemes or fraudulent.

So it is coming down to this: a capital buffer or -- hold on to your portfolio P&L -- a floating net asset value.

In the wake of the financial meltdown of 2008, an increasingly persistent attack on money market mutual funds is underway. Present and former high government officials, academics, and some editorial writers have joined the fray, each offering their own approach for reengineering the money fund industry.

CPA allegedly violated injunction from practicing before the SEC by auditing broker-dealers.

UBS Securities has once again been penalized for its improper handling of short sales. This time, the fine from the SEC is for $8 million and follows a $12 millon fine imposed by FINRA less than two weeks ago.

FINRA has fined Morgan Stanley Smith Barney $1 million and ordered another $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions as well as other supervision violations.

WASHINGTON — For more than a year, Republicans have been hammering Democrats for what they say are the hefty economic costs of new financial regulations.

The Financial Services Authority has slapped a Dubai-based private investor a record $9.6 million – the largest fine ever for an individual – for manipulating the price of a Indian firm traded on the London Stock Exchange.

The proliferation of new regulations emanating from the Dodd-Frank Act, Basel III and Solvency II are collectively inducing an outpouring of technology spending from companies in the financial service sector, a new report finds.

NEW YORK--Citigroup Chief Executive Vikram Pandit said MF Global’s woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.

NEW YORK--Securities and Exchange Commission Chairman Mary Schapiro said Monday that the regulator had boiled down its plan to propose fundamental reform to the operation of the nation’s money market funds.

Commodity Futures Trading Commission chairman Gary Gensler said Monday he recused himself from the regulator’s probe of the failure of derivatives player MF Global, because “I didn't want my participation to in any way be a distraction.''

SEC Chairman Mary Schapiro said reform of money market funds boils down to creating a dedicated capital buffer, to protect against runs, or letting the net asset value of such funds float, day by day, long anathema in the industry.

Citigroup Chief Executive Vikram Pandit said Monday that MF Global’s woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.

Eileen Rominger, director of the Securities and Exchange Commission's division of investment management, testified last month before the U.S. Senate that the commission is reviewing whether the widespread use of exchange-traded funds is contributing to market volatility.

On the heels of the Financial Planning Standards Board's semi-annual meeting in Washington, D.C., top leaders of the Certified Financial Planner Board of Standards offered an update on the group's agenda, which remains dominated by policy advocacy and an ambitious public awareness campaign.

Given the initial coverage, you might think that the sad story of MF Global’s demise is all about John Corzine.

The Municipal Securities Rulemaking Board would for the first time require broker-dealers to disclose to state and local governments that they are not fiduciaries and would prohibit underwriters from telling issuers not to hire financial advisors, under revised rule changes it filed Thursday.

The waves of financial regulations that are being introduced around the world "represent some of the biggest changes in financial services in 70 years." Here's what's changed and what you and your firm can do now to meet these new regulatory requirements.

A Georgetown University professor has proposed a different idea in the ongoing debate over how investment advisors should be effectively regulated: outsource the heavy lifting to accounting firms.