Compliance

The Securities and Exchange Commission voted unanimously on Wednesday to propose limits on mutual fund distribution fees and provide more transparency for investors.

The regulator said the company made negligent misrepresentations related to subprime securitizations.

The Securities and Exchange Commission is considering holding five field hearings between September and January as part of a nationwide inquiry on the municipal market that is expected to lead to recommendations for statutory and regulatory changes to better protect investors.

New authority granted to the Federal Reserve by the Dodd-Frank Act embodies a significant change in the thinking about, and approach to, functional oversight.

Not-So-Fab: Fabrice Tourre, the Goldman Sachs bond trader at the center of the government's fraud probe against the firm, denied charges that he misled investors.

In five years as comptroller of the currency, John Dugan did not draw the limelight shined on other regulators. But as he gets ready to depart, there is no shortage of opinions on his tenure.

Goldman’s settlement with the U.S. government comforted some Wall Street analysts who track the bank on Friday and news of the settlement spurred at least one of them to change their outlook on the company.

July 22 - PennNYC Event: Midsummer Soiree With MIT & Yale - 6:30 p.m. - 9:30 p.m. The Highbar, 251 West 48th Street (between Broadway and Eighth Avenue, closer to 8th). RSVP: Marjoree.Chee.c02@alumni.upenn.edu More information: http://www.pennnyc.org/article.html?aid=361&nl=106

The DOL issued an interim final rule on 401(k) plan fee disclosure early Thursday.

The Securities and Exchange Commission said Thursday that Goldman Sachs agreed to pay $550 million and reform its business practices to settle charges that the securities firm misled investors in a subprime mortgage product

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The day after Congress voted 60 to 39 to pass the historic overhaul of financial rules, Wall Street - the mutual fund and hedge fund industries included - is already bucking up for the corrections bill.

WASHINGTON — Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The Senate voted 60 to 39 this afternoon to approve sweeping changes to the financial regulatory system designed to address the causes of the 2008 financial crisis.

If your clients are confused on the current process, it sounds like the communication between you and them could do with some improvement too.

No one’s said anything yet about it, but a fiduciary standard will mean not just keeping an investor’s interests ahead of one’s own. It will also mean making sure that customer knows what that is costing.

Sens. Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., have introduced a proposal to reform the federal estate tax, which temporarily expired this year but is slated to increase to up to 55 percent next year for estates over $1 million.

The reform bill, which the Senate could pass tomorrow, would give the central bank expansive new powers, but also heaps additional responsibilities on it.

In its long-awaited concept release on the proxy “plumbing” process, the Securities and Exchange Commission on Wednesday sought public comment on making changes to the proxy voting and distribution system but fell far short of advocating any major overhaul.

In its long-awaited concept release on the proxy “plumbing” process, the Securities and Exchange Commission on Wednesday sought public comment on making changes to the proxy voting and distribution system but fell far short of advocating any major overhaul.