Compliance

Nearly half of the nation's chief financial officers and senior controllers polled by global CPA and business advisory firm Grant Thornton say that the U.S. should not adopt international Financial Reporting Standards until after U.S. GAAP and IFRS have converged to the point where the differences are inconsequential - a time frame of between five to seven years.

Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

Sen. Christopher Dodd said the work is far from done in terms of regulatory reform.

The Financial Industry Regulatory Authority said it fined Goldman, Sachs & Co. $650,000 for failing to disclose that two of its registered representatives had received Wells Notices, which indicate that investigations of operating practices are under way.

FINRA sanctioned the New York-based company with a $650,000 fine and ordered it to review its procedures and systems and document corrective measures

“We have just established a framework,” the Connecticut Democrat said at SIFMA's annual conference on Monday. “The rest is up to regulators and many in this room. It is the government’s duty to set the parameters and remain a vigilant watchdog.”

In another outgrowth of the May 6 Flash Crash, the Securities and Exchange Commission Monday approved rules that would effectively prohibit "stub quotes" in the U.S. equity markets.

NEW YORK-The financial services industry actually embraces the Dodd-Frank Wall Street Reform Act and related rules and regulations, as a means of restoring faith in its part of the economy, the heads of private client service and capital markets firms said Monday.

As the mutual fund industry faces potentially huge changes to the way it does business, BlackRock is pressing the Securities and Exchange Commission to take measured steps to ensure that smaller investors do not get shut out of whatever marketplace emerges from the new policies.

The Securities and Exchange Commission has to get to the bottom of what its chairman, Mary L. Schapiro, called "loose" capital markets on Monday.

“Financial institutions and Wall Street’s favorability rating is below Congress, which is a feat unto itself right now,” a speaker at SIFMA’s annual conference said Monday.

The Securities and Exchange Commission Wednesday unanimously voted to ban 'naked access' to stock markets by unregistered entities.

The Republicans rule the House now and all signs show that they can’t wait to make their mark on financial regulatory reform—if they can.

It sounds like the name of an honored Transatlantic ship, but this time the QE2 stands for the Federal Reserve Board’s second attempt at an economic stimulus with the name Quantitative Easing. Will this new round help keep the economy afloat and chugging toward an expansion?

According to BlackRock, if broker-dealers end up losing money on those fees, they will eventually compensate by serving clients on advisory programs called wrap accounts.

The Securities and Exchange Commission is seeking public comment on its proposed "whistleblower'' program, which is to provide financial reward to individuals who provide tips that lead to successful enforcement actions.

Rep. Ed Royce clearly sees himself as a stronger leader at a critical time for his party and the financial services industry.

WASHINGTON — Two different interpretations of this week's historic midterm elections emerged on Wednesday, with both sides competing to say how the vote would impact the financial services world.

Two different interpretations of this week's historic midterm elections emerged, with both sides competing to say how the vote would impact the financial services world.

The Securities and Exchange Commission Wednesday unanimously voted to ban ‘naked access’ to stock markets by unregistered entities.