Compliance

In a proposed new rule regulating the use of third-party service providers, the self-regulatory agency for broker dealers, says that outsourcing doesn’t relieve a broker-dealer from its regulatory obligations.

Lawmakers on Tuesday moved forward with two legislative efforts to overhaul the U.S. tax code, which would either halt, or threaten, tax-exemption for new muni bonds.

Independent financial advisors are criticizing the Municipal Securities Rulemaking Board’s draft changes to its rule on gifts and gratuities, warning they don’t go far enough to eliminate conflicts of interest.

The House Financial Services capital markets subcommittee was expected to pass as early as late Tuesday eight bills intended to jump-start reform of the government-sponsored enterprises despite efforts by Democrats to oppose the measures.

A Financial Industry Regulatory Authority hearing panel expelled a California broker-dealer from the securities industry, for failing to implement and enforce an anti-money laundering program.

A New York judge has dismissed a class action lawsuit against State Street as the sponsor of a mutual fund, saying that even though the mutual fund misrepresented its risks, investors were not harmed. That's because the fund correctly calculated its net asset value.

Certified financial planners, instructors, sponsors and those looking to become certified this week are getting their first look at the updated requirements mandated by the Certified Financial Planners Board of Standards for the organization's ethics continuing education programs.

PALM DESERT, Calif.-Eileen Rominger, in her first appearance before a gathering of members of the mutual fund industry's largest trade group, said that compliance with existing and forthcoming rules as well as robust regulation of these is essential to achieving and maintaining the trust and confidence of investors.

PALM DESERT, Calif.-At the start of 2010, the Securities and Exchange Commission established a specialized unit within its Enforcement Division devoted to the looking for fraud and other perfidies in the $40 trillion field of asset management

Fund managers who think that only brokerage firms and banks should worry about the operational and technological changes being wrought by the Dodd-Frank financial reform legislation had better think twice.

Capitol Bancorp said its annual report that it was notified on March 30 that it would receive a subpoena from the SEC's Chicago office concerning its third-quarter reporting.

Self-regulatory officials may assess fees on municipal advisors based on their advisory activity and are focused on disclosure to retail muni investors.

Frustrated by the lack of progress with a global settlement between the 50 state attorneys general and the top mortgage servicers, federal banking regulators are expected to move forward with their own enforcement actions against 14 servicers as early as next week.

Supporters argue the new agency has unprecedented power that needs to be checked, but others contend the GOP simply wants to undercut an agency it never liked to begin with.

Experts predict that social media may be the next area of scrutiny for the self-regulatory organization.

Our legal expert answers your questions about providing disclosure of potential conflicts of interest.

The Managing Director and Chief Market Strategist for U.S. Trust discusses the Middle East and its impact on financial advisors.

One of the most interesting things to come out of this conversational thread about the regulators is the amount of fear advisors are expressing about speaking openly.

Robert M. Jaffe has been ordered to pay $1.1 million plus interest to Turbo Investors LLC

Regulators and small bank advocates seem to be losing the psychological battle over the Dodd-Frank Act, despite recent efforts to calm bankers.