Compliance

Doors to the first meeting of the Financial Stability Oversight Council will be closed, but rest assured improvements in the oversight of the financial services business are underway.

The advisor allegedly gained access and control over all the assets of an MSSB clients, a 98-year-old woman in failing health.

The new rules permit mutual funds to earn income from commodities.

The House Wednesday passed the Regulated Investment Company Modernization Act, which updates mutual fund tax regulations for the first time in more than 20 years.

At least two lenders — Popular and Huntington Bancshares — and possibly a third, U.S. Bancorp, are planning to cope with the high cost of regulation a different way.

FINRA is proposing all-public arbitration panels in a rule it’s filing with the Securities and Exchange Commission next month, following a two-year pilot program.

Putting advisors’ fate in the hands of non-industry participants is dangerous, some argue, while others say the process should be scrapped altogether.

President Obama signed the Small Business Jobs Act into law on Monday, providing $12 billion in tax breaks and a $30 billion lending fund for small businesses.

The move underscored the difficulty of implementing the Dodd-Frank regulatory reform law, which requires regulators to act independently and in concert with other agencies.

The designation’s enforcers admonish, suspend and bar advisors for transgressions that range from squalid to bizarre.

You can put compliance into your computing cloud. But the cloud can't do the compliance for you.

The combination of having at least three of the proposed 10 “industry” seats on its expanded board dedicated to nondealer muni advisors, along with the establishment of a council of advisors to bounce ideas off the board, will ensure that advisors are fairly regulated beginning Oct. 1, the Municipal Securities Rulemaking Board is insisting.

Rivals of BofA are expected to wait and see how the Charlotte company's moves sit with the public and with Elizabeth Warren, the special adviser who's setting up the CFPB.

To avoid a Lehman Bros. redux, federal regulators must prepare for the next crisis by obtaining blueprints for unwinding the largest financial companies.

Rep. Spencer Bachus came out swinging Wednesday against speculation he may not become chairman of the House Financial Services Committee if Republicans win control of the House in the midterm elections.

Just four days after being appointed to spearhead the creation of the new consumer bureau, Elizabeth Warren has hit the ground running.

The Commodity Futures Trading Commission will vote Oct. 1 on new rules for derivatives clearinghouses and a reporting deadline for outstanding swaps trades, CFTC Chairman Gary Gensler told the U.S. Chamber of Commerce Tuesday. The new rules would also apply to exchanges and swap trading platforms.

Financial Executives International has written to congressional leaders criticizing President Obama’s proposal to close foreign tax credit loopholes in exchange for making the research & development tax credit permanent.

The Securities and Exchange Commission approved the expansion of its post-Flash Crash circuit breaker program to include all stocks in the Russell 1000 Index and a test group of exchange-traded funds.

Even some of the commissioners who approved the proposal suggested it wasn't an ironclad obstacle to gussying up complex balance sheets.