Compliance

Mary Jo White also said that the commission lacks sufficient resources to provide oversight of investment advisers.

A state court judge handed a partial victory to Gross in his document quest, while also placing limits on the information that Pimco must turn over.

Bats handles about a quarter of ETF trading volume in the U.S., giving CBOE a significant beachhead.

Even as more planners see opportunities in the rule, a large cohort are reconsidering their careers.

The industry organization also recognized the innovative work of money management firms at the 14th annual NICSA/NOVA awards last week in Boston.

The firms sent letters last week praising the Financial Stability Board for shifting its scrutiny of the industry to specific trading activities.

The SEC's allegations against David Paterson were tied to a proposal to build the largest movie studio in North America.

Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.

The bank and the RIA are feuding over alleged violations of a non-compete agreement and accusations of unfair competition.

PureFunds CEO Andrew Chanin discusses what differentiates his firm's novel offerings from the rest of the industry.

Focusing on profitability and management of expenses helps alternative asset managers proactively manage and support their infrastructure more effectively.

The Massachusetts senator and other politicians blast John Stumpf’s handling of the cross-selling scandal.

The Institute for the Fiduciary Standard says the SEC and CFP Board have failed to define true client-first service. It aims to fill that gap with a new list.

Lobbyists who’ve been bashing away at Washington’s latest effort to regulate Wall Street pay may find the lender just grabbed the hammer from their hands.

Only 18% of RIAs refrain from these key conflicts of interest, a new study by the Institute for the Fiduciary Standard found.

Additional guidance on the new regulations will come regularly, according to Deputy Assistant Secretary Timothy Hauser.

"A sooner-than-expected hike could result in these stocks trading up sharply, but the options market is largely discounting / overlooking this possibility," strategists wrote in a client note.

The bank’s president Tim Sloan has been meeting with members of Congress and their staffs in Washington, said people with knowledge of the discussions.

Charles Augustus Banks called San Antonio Spurs player Tim Duncan's claims against him "naïve and immature" last year. Now the former RIA is under indictment by a federal grand jury and faces SEC charges.

The firm failed to detect one of its registered representatives converting $370,000 in client funds for the rep's own use, according to the regulator.