Compliance

Was a complex product sold to a wealthy family that was only suitable for an institutional client?

Our legal expert discusses what happens when clients don't follow orders.

Financial planners across the globe are just as aware of the potential repercussions that Dodd-Frank Act implementation and other regulatory issues will have on the profession as their U.S. counterparts, the head of the Financial Planning Standards Board said during a media briefing Monday morning.

The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.

The SEC is now requiring alternative investment fund managers to provide a lot more details on their operations.

The SEC has ordered FINRA to improve the way it handles documents submitted during SEC inspections. The order, issued Thursday as part of an administrative settlement between the two organizations, comes after the disclosure that the director of FINRA’s Kansas City Office in 2008 ordered the minutes of three meetings dating back to 2006 and 2007 to be altered hours before they were they were provided to the SEC’s Chicago Regional Office.

Tweets are ‘static content’ in the eyes of Morgan Stanley Smith Barney, which operates a network of 18,000 financial advisers.

At the start of October, the Investment Company Institute announced it was going global. Or, rather, it announced the creation of ICI Global, a new arm that would as a trade association for global investment funds, their managers and investors.

UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments.

The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.

Last week, the Financial Stability Oversight Council voted to proceed with rule-making that provides regulators with greater authority to oversee financial companies that are not banks but have more than $50 billion in assets and $20 billion in debt.

At the start of October, the Investment Company Institute announced it was going global.

"Simple Truths" From a Man Who Isn't an Academic

Global regulators on Thursday came up with a plan for securities watchdogs to monitor high-frequency trading, but fell short of draconian measures.

Wells Fargo’s Rich Lowrie helped craft the tax proposal that’s driving political debate.

Exchange-traded funds have become the latest investment product to fall under the Securities and Exchange Commission's radar.