Law and regulation

Large banks need to provide better information on these complex securities sold to the wealthy, regulator says.

Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people familiar with the matter.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

The Financial Industry Regulatory Authority has updated its guidance for individual municipal bond investors by urging them to ask brokers questions about issuer disclosures and bond insurer ratings.

Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.

The Wilmington Multi-Manager International Fund (GVIEX) has one less sub-advisor as of April 24.

Invesco shareholders have approved the reorganization of three Invesco funds.

The Financial Industry Regulatory Authority has temporarily withdrawn a controversial proposal to require advisors, brokers and firms to incorporate links to the BrokerCheck database when they post content to social media sites.

Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world’s best-known bond investor and adding pressure on its rising stars to live up to his legacy.

An arbitration panel has ordered Wells Fargo to pay Stifel $800,000 in the latest dispute over alleged raiding of former A.G. Edwards advisors.

Advisors need to be well-versed in cybercrime to protect themselves and their clients. Check out six tips from the FBI.

Credit Suisse Securities LLC sued to block a Financial Industry Regulatory Authority arbitration, arguing that the investors who initiated the claim don’t fit the Finra definition of “customer” required for the dispute- resolution process.

From fiduciary rules to state tax strategies, regulatory issues continue to be on the front burner for the industry, the CEO of Raymond James Financial’s Global Private Client Group told advisors Tuesday.

George Canellos and Andrew Ceresney have been named co-directors of enforcement at the Securities and Exchange Commission.

Succession planning, regulatory and technological issues will be the main focus for Raymond James Financial Services over the next year, according to Scott Curtis, the firm's president.

The regulator seeks to change the way customers select arbitration panels.

Denver, CO-based Transamerica Asset Management is making a sub-advisory switch for its Transamerica Partners Mid Growth Portfolio.

The SEC has charged the CEO of Simran Capital Management with defrauding the largest public pension in the United States, among other clients.

The ranking Democrat on the House Financial Services Committee is making another push to charge advisors for SEC examinations.

Nuveen Asset Management is making a sub-advisory change to the Nuveen Multi-Manager Large-Cap Value Fund (NNGAX).