Law and regulation

Economist Milton Friedman once famously quipped that price deflation can be fought by "dropping money out of a helicopter."

The SEC named Norm Champ director of the agency’s division of investment management, replacing Eileen Rominger, who is retiring.

The SEC approved a pilot plan that will allow some orders to go undisplayed on the New York Stock Exchange as a way for the biggest stock trading venue to attract individual investors.

The Board of Trustees of the JPMorgan Asia Equity Fund has approved the liquidation of the fund, effective July 20, according to a Securities and Exchange filing.

A federal appeals court struck down Goldman Sachs’ appeal of a $20.6 million arbitration award decision on Tuesday, holding up the original 2010 decision in favor of creditors of the Bayou Group.

An investment management firm now owned by Wells Fargo has agreed to pay $25 million to settle claims that it misled investors about the makeup of a mutual fund it once marketed.

Ken Joseph will take over the role of regional director of the examination program for the New York Offices of the SEC

William Blair & Company has turned off the spigot on the William Blair International Growth Fund and Institutional International Growth Fund, effective June 30.

On July 3, 2012, Last month, the Board of Trustees of John Hancock Funds II - International Opportunities Fund approved Invesco Advisers, Inc. as the new subadviser effective July 20, according to a Securities and Exchange Commission filing.

Large arbitration cases of $10 million or more can now create new processes to fit a case and go around certain established rules under a new pilot program launched today by the Financial Industry Regulatory Authority, or FINRA.

Higher operating costs, increases in employee compensation and losses in equity markets took their toll on the regulator’s books.

How often have sponsors had to intervene to prop up money market funds?

How often have sponsors had to intervene to prop up money market funds?

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers, who argue it will raise capital requirements, increase compliance costs and curb lending.

When do you have to be forthcoming about a civil action coupled with a bankruptcy?

Revision aligns with FINRA's new rule on suitability.

How often have sponsors had to intervene to prop up money market funds?

On June 29, 2012, Last week, the Board of Trustees of Trust for Professional Managers approved a reorganization of the Marketfield Fund, an equity and fixed income long/short mutual fund, into the MainStay Marketfield Fund, a newly created series of MainStay Funds Trust.

The regulatory board has revised its fees for various services in order to keep up with resource demands.

Hundreds of delinquent medium-sized RIAs must register with their respective states by today’s SEC deadline or face the prospect of being de-registered as early as Sept. 1.