Compliance

The legislation by Rep. Scott Garrett, R-N.J., would establish a regulatory framework for covered bonds, including a regime to handle the failure of a bond issuer.

Sometimes regulatory changes that are meant to benefit investors end up taxing industry professionals, though this does not appear to be the case for the Securities and Exchange Commission's new format for investment company brochures.

Is perception reality? A balance sheet or a SEC filing snapshot says it is.

Crooks are using social media sites to promote illegitimate high yield investment programs (Hyips), the U.S. Financial Industry Regulatory (FINRA) warned last week.

WASHINGTON-The mutual fund and brokerage industries are revisiting their sales loads structure following the Securities and Exchange Commission's unanimous decision last Wednesday to revamp the 12b-1 sales and distribution fees that have become so prevalent in the industry and to provide better disclosures of these charges to investors.

The Financial Industry Regulatory Authority announced Wednesday it fined Deutsche Bank Securities Inc. $7.5 million for negligently misrepresenting delinquency data in connection with the issuance of subprime securities.

When the European Markets in Financial Services Directive was adopted three years ago, fund managers appeared content. After all, more competition in markets would mean their broker-dealers would get a "better deal" for their firms and their clients.

Is perception reality? A balance sheet or a SEC filing snapshot says it is.

The Treasury Department unexpectedly announced it would not pick Julie Williams, the No. 2 at the OCC, to serve as acting head of the agency when John Dugan leaves next month.

For as much press as the recent financial reform bill has received, the majority of financial advisers apparently are unaware of its importance on their business and clients.

The SEC follows up its proposal to whittle down 12b-1 fees with a plan to remake the Form ADV, Part 2. Emphasis on Plain English is back.

For as much press as the recent financial reform bill has received, the majority of financial advisors apparently are unaware of its importance.

Trades were made in UITs, closed-end and mutual funds by two Maryland brokers on behalf of 10 customers, FINRA charges.

As federal regulators begin implementing regulatory reform, at least one agency plans to step up its disclosure of private meetings with industry insiders.

Sometimes regulatory changes that are meant to benefit investors end up taxing industry professionals. That does not appear to be the case with the Securities and Exchange Commission’s (SEC’s) new requirements for Form ADV, Part 2.

The Financial Industry Regulatory Authority Thursday ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million for making trades on behalf of customers that were not suitable for them.

WASHINGTON — The Municipal Securities Rulemaking Board is considering temporarily expanding its 15-member board, possibly by two to four members, as it transitions to majority-public membership by Oct. 1 to comply with the new financial regulatory reform law.

President Obama's signing of regulatory reform legislation Wednesday signaled the official end of a hard-fought legislative battle but just the beginning of the tougher task of implementing the new law.

WASHINGTON — President Obama's signing of regulatory reform legislation Wednesday signaled the official end of a hard-fought legislative battle but just the beginning of the tougher task of implementing the new law.

WASHINGTON-The Securities and Exchange Commission voted unanimously Wednesday to propose new rules designed to revamp the 12b-1 sales and distribution fees some mutual funds charge and to provide better disclosures of them to investors.