Compliance

Evidently, less is not more when it comes to investment advice in 401(k) plans.

New rules and technology, trends among Baby Boomers and the Great Recession have led to a burst in Roth individual retirement account conversions.

As the Securities and Exchange Commission is moving quickly to impose new regulations on derivatives in mutual and exchange-traded funds, it is important to know that derivatives have become an important tool, said F. William McNabb II, president and chief executive officer of Vanguard Group.

The Securities and Exchange Commission's (SEC) suit against Goldman Sachs centers on the allegation that the Wall Street firm failed to disclose to investors the role an opportunistic hedge fund, Paulson & Co., played in choosing the assets underlying a CDO, before betting against it.

WASHINGTON—The Financial Industry Regulatory Authority is preparing to take enforcement action against certain firms for selling municipal bonds to retail customers without disclosing material information, including that the bonds’ credit ratings had been spiraling downward, a FINRA official said Thursday.

PALM DESERT, Calif.—The Securities Industry and Financial Markets Association is in discussions with the Securities and Exchange Commission and the Financial Industry Regulatory Authority to establish the first-ever licensing, training and continuing education program for operations executives at financial firms.

In the aftermath of the global recession, regulators from developed nations are working with financial industry leaders to build a new foundation for a more balanced global economy less susceptible to worldwide crises.

Donohue: ‘We are moving quickly.’

Add target-date funds to the list of headaches for advisers and investors.

Like it or not, and most large banks don't, the Volcker Rule to ban proprietary trading is now all but certain to be enacted in regulatory reform.

WASHINGTON -- The Securities and Exchange Commission is embarking on a nationwide inquiry into municipal securities that will lead to specific recommendations for changes to laws and regulations to better protect investors and the market.

WASHINGTON - Securities and Exchange Commission Chairman Mary Schapiro today said the SEC is embarking on a nationwide inquiry into municipal securities that will lead to specific recommendations for changes to laws and regulations to better protect investors and the market.

FINRA said Thursday that it has ordered Los Angeles-based Westpark Capital to pay $400,000 for supervisory system failures, and has suspended two officers for failing to supervise brokers who churned customer accounts and committed other violations.

Macaskill: "We didn't really understand what we owned."

The Financial Industry Regulatory Authority is preparing to take enforcement action against certain firms for selling municipal bonds to retail customers without disclosing material information, including that the bonds’ credit ratings had been spiraling downward, a FINRA official said Thursday.

Loan-level data about the mortgages pooled in those MBS was available to investors in Abacus and other such deals throughout the frothy heyday of CDOs

Though it was clear from the start that a Republican alternative on the consumer bureau was going to fail, GOP lawmakers dragged out the debate rather than allowing the measure to be voted on and moving on to some of the roughly 140 other amendments still to be considered.

Charles Schwab will pay an additional $35 million on top of the $200 million settlement announced April 20 in the District Court, Northern District of California case against the Schwab YieldPlus fund.

In an effort to help advisors meet regulatory requirements, State Street Corp. launched a suite of money maket funds services.

The staff of the Securities and Exchange Commission will hold a public seminar next month to help mutual funds comply with new electronic filing requirement that take effect next year.