Law and regulation

The U.S. economy, while not poised to grow as rapidly as emerging nations and saddled with a $1.4 trillion a year deficit, has the fundamentals in place and “the resiliency and strength” to reclaim its position as the leading economy of the world, Treasury Secretary Timothy Geithner told attendees at the Investment Company Institute’s General Membership Meeting here Wednesday.

Marty Gruenberg, the No. 2 at the Federal Deposit Insurance Corp. is expected to be nominated shortly as the agency's chairman, according to several sources.

WASHINGTON - UBS Financial Services, Inc has agreed to pay $160 million to settle securities fraud and other charges with the Securities and Exchange Commission, Internal Revenue Service and 25 state attorneys general over alleged fraudulent bidding practices and kickbacks involving muni investment and financial contracts.

The head of the American Bankers Association on Tuesday quickly reneged on his endorsement of Elizabeth Warren as director for the Consumer Financial Protection Bureau.

The timing of such a nomination could not be better for the president, who is now flush with political capital after the death of Osama bin Laden.

Banks continued to ease lending standards over the first quarter due in part to increased competition and a less uncertain economic outlook, a Fed survey found Monday.

Emotions are mixed near the site of Sept. 11.

For the financial services industry, for Wall Street, the impact has special meaning.

Brokerage firms will likely step up their own diligence when it comes to private placements

Our legal expert answers your questions about interstate licensing.

The CEO and executive director of the Investment Management Consultants Association (IMCA) shares his thoughts on his organization's changing population.

A FINRA arbitration panel awarded $1.76 million to an investor group who participated in Madoff feeder fund Rye Select Broad Market Fund and other investments.

A federal judge has permanently barred Richard Goble, president of a defunct clearing firm and a one-time member of the board of the Financial Industry Regulatory Authority, from the securities industry and ordered him to pay a fine of $7,500.

A House Ways and Means Committee panel plans to hold a hearing next Thursday on a bill that would prohibit state and local governments from issuing tax-exempt bonds unless they meet certain pension disclosure requirements.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

Regulatory reform was on the top of everyone’s minds at the Women Advisors Forum in New York City on Thursday.

Fed Chairman Ben Bernanke broke with tradition on Wednesday, offering a rare glimpse into how the central bank conducts monetary policy, a process usually kept secret.

Market participants slammed the Municipal Securities Rulemaking Board’s new draft Rule G-43 for broker’s brokers, calling it everything from irresponsible to anti-competitive.

Bank executives are sounding considerably less positive about Basel III than they did when global regulators announced final international capital and liquidity standards last year.

The Securities and Exchange Commission said it has started enforcement proceedings against a St. Louis-based registered investment advisor and its president for using a broker-dealer to artificially inflating the prices of thinly executed stocks to report inflated performance to clients.