Compliance

Settlement could give more weight to New York Attorney General suit.

Because neither Congress nor the Securities and Exchange Commission require hedge funds to register or reveal key information, Connecticut General Assembly Sen. Robert Duff (D-Norwalk) vows to reintroduce as many as three bills that would require them to reveal conflicts of interest, be licensed and disclose financial information to prospective investors.

The Securities and Exchange Commission plans to meet this Wednesday to consider a statement on International Financial Reporting Standards.

Market Groups to Press Dodd Panel

Experts say global response necessary for biggest firms

Judge Jed S. Rakoff says the law requires broad latitude be given to SEC.

Even those who have used a financial planner and think favorably of them support regulation.

MIAMI -- Nearly two years after the collapse of Bear Stearns tipped off a global financial crisis, many people are still frustrated, confused, afraid, angry or resentful. Investors, regulators, legislators and Wall Street executives occasionally look for someone to lash out at, but no one is sure whom to blame or how to prevent such a disaster from happening again.

Many financial institutions are significantly underestimating the impact that new cost-basis rules will have on them, according to a study by research group TowerGroup and technology vendor Scivantage.

Senate Banking Committee Chairman Chris Dodd is hoping to introduce a revised regulatory reform bill next week. But with the fate and makeup of a bill unclear, we offer the following frequently asked questions.

FINRA expands Broker Check service to provide more information on former brokers.

Cambridge Investment Research’s 1,600 financial advisors are independent contractors who run their own businesses nationally, but legislation introduced in both the House and Senate has threatened that model.

Many banks still suffer from chronic underinvestment in the analytical tools required for measuring risk, while others are still figuring out how to translate data into key decisions used in everything from the loan-approval process to executive pay practices.

WASHINGTON — Though regulatory reform has stolen center stage on Capitol Hill, the Obama administration remains intent on wiping out the Federal Family Education Loan Program, and its demise appears to be just a matter of time.

H&R Block was fined $200,000 and a broker suspended for improperly selling complex structured products.

SEC settlements nearly doubled in the first quarter, but the percentage of company settlements that included a monetary component declined to 41% from 56%.

WASHINGTON — Paul Nash walks a difficult line. As he provides lawmakers with continuing education about the Federal Deposit Insurance Corp., he finds it is hard at times not to be an advocate for an agency that has much to gain — or lose — during the financial reform debate.

WASHINGTON — The Federal Deposit Insurance Corp. suffered a rare court defeat Tuesday, as a federal judge sided with a bank that had challenged an enforcement order.

Sen. Sherrod Brown has introduced a bill that would tax more Wall Street bonuses than similar legislation introduced a week ago.

WASHINGTON — Creating the infrastructure for regulators to collect and analyze data necessary to monitor systemic risk is going to be costly and complicated, Federal Reserve Board Gov. Daniel Tarullo told Senate subcommittee members on Friday.