Compliance

A supplier of risk management software to bulge bracket firms on Wall Street has proposed that the Securities and Exchange Commission rely on real-time data stored in a nationwide cloud of computing power and networks to create an effective audit trail of stock market activity.

Morgan Stanley & Co. has been fined $800,000 by FINRA for failing to make public disclosures required by the agency’s rules governing research analyst conflicts of interest.

FINRA fined the financial services company for deficient conflict of interest disclosures in equity research reports and public appearances.

WASHINGTON — Four major municipal market groups are urging the Treasury Department to issue guidance confirming that the existing regulatory framework on issue price for tax-exempt bonds also applies to Build America Bonds and stating that if issuers follow certain long-standing practices, they can be confident they are complying with the rules in this area.

Although the Obama administration sought to avoid granting carve-outs as part of the regulatory reform bill, the final law is riddled with them.

Major Wall Street, business, political and consumer finance magazines are warning investors about hidden 12b-1 and 401(k) fees, various share classes and the loads ascribed to them.

Fund Manager Sentenced Six Years on Tax Charges

WASHINGTON — Regulators are poised next week to start moving away from reliance on the tarnished credit rating agencies in the supervisory process, but finding other options likely will be difficult.

Law curtails regulator's powers, requires radical transparency

The founder and principal manager of a bogus foreign exchange fund that effectively operated like a Ponzi scheme has been sentenced to nearly six years in prison on tax charges.

The founder and principal manager of a bogus foreign exchange fund that effectively operated like a Ponzi scheme has been sentenced to nearly six years in prison on tax charges.

Every time you think you’ve got a handle on how to manage and benchmark the performance of the funds you invest, markets blow up and you have to start all over again.

Pennsylvania regulators have filed civil complaints against TD Ameritrade over its sale of the Reserve Yield Plus fund and auction-rate securities to investors across the nation.

Transparency seen as reviving ABS markets.

The Securities Industry and Financial Markets Association (SIFMA) said it supported changes in Securities and Exchange Commission rules that would improve disclosure and reporting on asset-backed securities.

The Securities and Exchange Commission wants mutual funds, exchange-traded funds and other registered investment companies to improve how they disclose their use of derivative contracts in their registration statements, shareholder reports and financial statements.

The Securities and Exchange Commission on Tuesday asked the financial services industry to comment over the next 30 days on whether there should be different sets of rules for broker-dealers and investment advisors vis-à-vis personalized investment advice to retail investors.

Bernie Madoff and financiers of his ilk have changed the landscape for hedge fund managers forever.

The Securities and Exchange Commission has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

Following the SEC's unanimous vote to shed light on 12b-1 fees, the consumer press is now running with the story. An Associated Press story over the weekend provides something of a "crib sheet" on how the fees were first instituted in 1980, and how much investors are unwittingly paying for the services these fees cover.