Compliance

House Financial Services Committee chairman Spencer Bachus, R-Ala., is warning the Securities and Exchange Commission that he does not support its proposed rules for a municipal advisor registration system because they are too broad and do not reflect congressional intent.

A House subcommittee hearing is scheduled for Wednesday that will focus on how the Dodd-Frank Act is affecting community banks and small business.

Nearly seven months after passing a bill that included a measure to limit interchange fees on debit cards, lawmakers were expressing buyer's remorse.

Our legal expert answers your questions about clients who brag about their other accounts.

A step in the right direction - or just a cost increase?

The director of the MIT AgeLab discusses the new era for dealing with the Baby boomer set.

Lincoln Financial Group says it took swift action to safeguard private consumer information and beef up its security policies, after it discovered vulnerabilities in a Web-based system that stored consumer account records for two of its business units.

In an effort to prevent a recurrence of past abuses by broker's brokers, the Municipal Securities Rulemaking Board has issued a new draft rule that details what they must do to comply with pricing, fair-dealing, and transaction rules.

It seems we have reached the absolute bottom of the barrel in terms of regulatory efficiency. If the SEC is spending weeks on trivial issues and completely missing Bernie Madoff then it is clear that something is seriously broken.

How you assess the banking industry's health from the Federal Deposit Insurance Corp.'s latest earnings report may depend on which page you turn to.

Dodd-Frank contains a series of ambitious deadlines requiring regulators to complete 170 or so new rules by July. But it's become clear the agencies are going to miss many targets.

A Florida retiree who gave her Wachovia broker a second chance "to do a better job" with her IRA investments has filed claim against Wells Fargo after suffering losses, again.

Funding consideration were part of the reason that the SEC decided to shift oversight of smaller advisors to states. With soaring deficits, how will the states handle the added responsibility of supervising financial advisors?

Senior ranking brokerage operations and operational risk executives beware: the Securities and Exchange Commission says the buck now stops with you when it comes to proving you have sound procedures in place.

Four bank failures book-ended the country on Friday. Collectively, they had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million.

The former management of a Denver thrift is suing federal regulators over its seizure last month, saying the agencies closed it while it was still a viable institution and arguing it should be reopened.

The Securities and Exchange Commission is looking into whether municipal bond funds may have overstated the value of their high-yield holdings, The Wall Street Journal reports.

Lincoln Financial Group says it took swift action to safeguard private consumer information and beef up its security policies, after it discovered vulnerabilities in a Web-based system that stored consumer account records for two of its business units.

The regulator said the companies had failed to adequately safeguard non-public customer information.

James Shorris is set to return to the private sector in April after more than seven years in enforcement leadership roles at the organization.