Law and regulation

The former First Tennessee Bank adviser defrauded numerous customers to satisfy a gambling addiction that started when he was in college, according to court documents.

It allows more flexibility than some may think, according to executives from the two firms.

Approximately $4,500 was used to sponsor a cricket club via a shell company, authorities say.

The pro athlete met the adviser through his college business professor, authorities say.

Compliance may ring up some $2 billion in costs, restricting everything from research budgets to high-speed trading and dealing in wheat and oil.

Critics say the option to back out of trades can be misused, allowing some firms to glean the intentions of other participants.

The need for more sophistication in fund reporting is higher than ever.

Despite leading a business with more than $480 billion in AUM, the Wells Fargo Asset Management CEO admits she never had a grand plan for her career.

Analysis from a Symmetry Partners research executive questions whether higher risk really leads to higher returns.

There is "no principled legal basis" to do so, Labor Secretary Acosta says.