Law and regulation

Goldman Sachs has agreed to pay a $22 million fine and accept other penalties to resolve charges from the SEC that the firm lacked adequate policies and procedures to address the risk that during weekly meetings, known as “huddles,” its analysts could share important non-public information about upcoming research changes.

FINRA is taking comments on its proposal to change the rules for its current procedures for removing complaints about advisors from a central database. But time is running out, as the comment period ends May 21.

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The first criminal trial involving muni market executives accused of bid-rigging is scheduled to begin next week in a federal court in New York City, unless they enter into plea agreements.

It's not every day that you see a shot in the seeming dark come to be, in a matter of weeks.

After taking public comment, CFP Board announced new changes to its rules and procedures in three areas, including the way it handles bankruptcies among certificants and applicants.

A FINRA hearing panel has fined Syosset, N.Y.-based David Lerner Associates Inc. $2.3 million and suspended head trader William Mason for six months with a $200,000 fine for charging excessive markups on municipal bond and collateralized mortgage obligation transactions over a two-year period.

The CFTC is expected to file a civil case against JPMorgan. The bank is expected to settle the Lehman matter and pay a fine of about $20 million, the paper reports.

A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.

An arbitration panel has ordered Stifel Nicholas & Co. to pay $70,000 out of a more than $7 million claim brought against the firm by Wachovia Securities for allegedly unfairly raiding one of its Oklahoma offices.

The Federal Reserve's stress tests and capital decisions help clarify who can afford to buy, how much they can pay and who might need to sell.

Our legal expert marks an anniversary.

Investors are going to demand adherence to international financial standards.

Two federal civil suits against UBS will explore whether clients can legally rely on their private bankers' assertions that there is no need to disclose the accounts on their tax returns or sign required disclosures.

In an effort to break a deadlock in the SEC’s effort to adopt a uniform fiduciary standard, a group of seven influential consumer groups and industry organizations – including the FPA, NAPFA and CFP Board – have provided the commission with a proposed roadmap for resolving the debate.

Nearly three-fourths of marketing execs surveyed are confident that new laws will help their firms regain clients' trust.

FINRA began its inquiry after the Credit Suisse-managed VelocityShares Daily 2x Short-Term exchange-traded note, or ETN, lost half its value in just two days earlier this month.

Mutual fund families routinely, and on purpose, use the capital in affiliated funds as “insurance pools” to offset or prevent cash shortfalls in other funds within family, according to research released by the Kelley School of Business at Indiana University.

Hedge fund managers are increasingly nervous about getting a knock on the door from U.S. securities regulators now that a new rule that requires them to register as investment advisors and provide lots of data about their inner workings takes effect Friday.

A former Bank of America Merrill Lynch financial advisor and a 'business associate' were hit with a federal criminal complaint that they fraudulently wired $2.2 million from an account of the Indianapolis Colts' defensive end.