Law and regulation

Advisors can tell clients that the Fed will likely be very cautious in the months to come, says columnist Kimberly Foss.

The Financial Stability Oversight Council was characterized as an enigmatic interagency body that has not provided enough rationale for designating certain financial firms as a threat to the economy.

Scott Minerd, global chief investment officer at Guggenheim Partners, predicts 10% to 15% of junk bond funds may face high withdrawals as more investors worry about getting their money back.

As signs of stress mount in credit markets, a $788 million mutual fund is blocking clients from pulling their money so its holdings can be liquidated in an orderly fashion.

The advisor is asking a judge to spare him from prison, saying he took the data to analyze client information from home so he could do a better job.

It’s rare that advisors leave the Christian-oriented independent firm, a spokeswoman says.

A proposal to require the Labor Department to respond to the volumes of comment it received on the proposal would create a delay that fiduciary advocates say would run out the clock on a vital consumer protection.

Expect an "increasing adversarial relationship between industry and regulators" says MarketCounsel’s Andrew Wels.

A battle has erupted over a breakaway broker accused of breaching her contract with Oppenheimer when she solicited proprietary accounts after jumping to Ameriprise.

The credibility of the big banks is on the line while regulators face their own test in striking a reasonable balance between being too easy on the banks and unrealistic in their expectations.