Law and regulation

Robert Khuzami, the former head of enforcement at the U.S. Securities and Exchange Commission, is joining Kirkland & Ellis LLP.

Increased demand for due diligence on hedge funds -- if not for the funds themselves -- may be the initial impact of the SEC's recent ruling lifting an 80-year-old ban on advertising for private offerings.

The newly released 2013 Responsible Investment Report highlights TIAA-CREF’s responsible investment strategies throughout the asset classes in which it invests. The report also points out the company’s socially responsible investing portfolios.

One service provider is looking to take advantage of the migration of hedge funds into the mutual funds space by offering its hedge fund clients its Investment Company Compliance Services offering.

The Senate Banking Committee unanimously agreed to recommend the full Senate confirm Kara Stein and Michael Piwowar as Securities and Exchange Commission members and approve chairman Mary Jo White to serve a full term.

Readers reacted loudly to news that the CFP Board sanctioned former chairman, Alan Goldfarb for selecting “fee only” and, later, “salary” to describe his income on a form on the FPA website.

Sen. Elizabeth Warren, the Massachusetts Democrat credited with conceiving the Consumer Financial Protection Bureau, said confirmation of a director for the agency is both a major step and a call to vigilance.

The Senate Banking Committee will meet Thursday to vote on whether to recommend the Senate confirm two nominees to the Securities and Exchange Commission.

Kenneth R. Lench, the chief of the structured and new products unit at the SEC’s division of enforcement, is leaving at the end of the month.

Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.

A Financial Industry Regulatory hearing panel has suspended former broker Anthony Grey for two years, fined him $30,000, and ordered him to disgorge $16,000 in ill-gotten gains for routing muni bond trades through his personal accounts before selling them, through his firm, to retail customers at excessive markups.

Four key senators introduced a bill Thursday that would effectively reinstate a Depression-era law that separated the investment and commercial sides of U.S. banks.

Sen. Elizabeth Warren and her colleagues are working to drum up support for a new bipartisan bill that would bring back a Depression-era law separating commercial and investment banks.

Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space.

The Hartford is liquidating its Money Market Fund on September 27, according to the firm.

The industry group plans to unveil recommendations for restoring confidence in the markets at its annual conference scheduled for November.

Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year, financial regulators plan to tell lawmakers at a hearing today on the 2010 law.

Investment pitches by entrepreneurs and hedge funds may get a higher public profile on television, through social media and even at sporting events following the lifting of an 80-year-old rule by U.S. securities regulators.

Dozens of lawmakers are urging House leaders to reject proposals to eliminate or cap the exclusion for tax-exempt bonds.

Massachusetts sent subpoenas to 15 brokerages including units of Bank of America Corp., Morgan Stanley and Wells Fargo & Co. as it investigates alternative- investment sales to seniors.