Compliance

The Securities and Exchange Commission will kick off its much-awaited series of hearings on the municipal market this month, holding the first on Tuesday, Sept. 21, in San Francisco.

The Securities and Exchange Commission is likely to revise its approach to circuit breakers on the nation’s equities exchanges, to include a “careful review” of price bands that limit how far up or down the price of a stock can move at any given time.

Putnam Investments requested Congress pass two recently-introduced bills that would require employers to automatically enroll employees in a payroll-deduction IRA.

Represented by an influential lobbying group, broker-dealers are striking out against proposed regulations which would require them to adhere to an equal “fiduciary” standard with registered investment advisors in giving advice to retail investors.

Argues it wasn't the only money market fund to break the buck.only

Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.

Reserve Funds filed with the U.S. District Court for the Southern District of New York Friday to dismiss a class-action lawsuit originated by Third Avenue Managment over the Reserve Primary Fund. The Third Avenue Institutional Value Fund LP opposed the motion to dismiss on the grounds that Reserve misled investors into believing its once $62 billion Primary Fund was safe despite its $785 million exposure to Lehman Brothers paper.

John Harris wants the Securities and Exchange Commission to die. And the Texas native told it so, in no uncertain words, in a comment letter on August 12.

A closer look at the comments streaming in to the SEC regarding a new fiduciary standard.

Pinnacle Capital Markets has once again has been slapped with a fine for inadequate anti-money laundering and customer identification procedures involving foreign investors using its direct market access system.

The fallout from the financial reform bill is still up in the air, but the wealth management industry expects compliance and service costs to rise.

At a hearing on "too big to fail" institutions, commissioners questioned if the new systemic risk council would have the political will to break up risky firms and raised concerns about "living wills."

The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 in order to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.

SEC reprieve for money funds that would require them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Roughly two years after its near collapse, critical questions about the fall of Wachovia remain unanswered

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Two advisor trade groups - the Securities Industry and Financial Markets Association and Financial Planning Coalition, which consists of the Certified Planner Board of Standards, the Financial Planning Association and the National Association of Personal Financial Advisors - finally sent in their comment letters to the Securities and Exchange Commission regarding Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, or what the Commission should do about enforcing a blanket fiduciary standard for all financial advisers.

Members of the Financial Crisis Inquiry Commission sought to overturn the conventional wisdom that Wells Fargo's purchase of Wachovia was done without government assistance.

The Securities and Exchange Commission has charged two former senior accounting professionals at headphone maker Koss Corp. with accounting fraud, books-and-records violations, and related misconduct arising from the embezzlement of more than $30 million from the company.

The FDIC chairman said the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.