Funds would have to maintain a minimum cushion of cash or cash-like investments that can be sold within three days. Funds also could charge investors who pull their money on days of elevated withdrawals.

SEC claims First Eagle Investment improperly used mutual fund assets to pay for the marketing and distribution of fund shares.

The industry regulatory organization remains close to hitting a historic high on financial penalties. Regulator is focusing on "bread-and-butter type issues," says expert, who expects more cybersecurity and anti-money laundering fines.

Industry regulator proposes to give brokers safe harbor from legal liability if they delay a transaction when they suspect the client is the victim of abuse.

SEC claims First Eagle Investment improperly used mutual fund assets to pay for the marketing and distribution of fund shares.

A judge also ordered Andrew Parish to pay $341,000 in restitution and a $10,000 fine.

The advisor opted not to fight FINRA, saying the allegation against him is without merit.

The accused broker worked at Oppenheimer & Co. when the scheme began in 2009.

Why some analysts say the proposed fiduciary standard could mean fewer and more costly investment choices for clients; Plus, five money milestones for clients to hit in their 40s.

The former wirehouse advisor declined to participate in the arbitration case filed against her by the firm.

Once a source of agita mainly for commercial banks and credit card companies, hackers are now training their sights on investment firms, broker-dealers and hedge funds.

Panel envisions a recognizable credential that would help investors distinguish between financial professionals committed to clients' best interest and those pushing products.

Heightened demands for data from regulators has meant the past practice of using spreadsheets to collect information is not only outmoded, but could leave a firm exposed to liabilities.

The wirehouse recruited two Morgan Stanley advisors, one of whom was previously terminated by Merrill in 2001, according to FINRA records.

Experts say the Fed is likely to kick the can down the road once more on rate hikes, setting up December as the next likely time for action.

Bennett and her firm claimed to be managing more than $2 billion in assets when the real number was no more than one-fifth of that amount, the SEC alleges.

Though technical issues with Bank of New York Mellon's fund accounting system left an estimated 10% of U.S. ETFs and some mutual fund providers unable to accurately price their products for nearly a week, the bank's custody business is expected to remain intact.

Three-quarters of economist surveyed by Bloomberg in August say the Fed will lift the upper bound of its target rate to 0.5 % at its Sept. 16-17 meeting.

The firm suffered another arbitration loss this week to clients seeking damages related to the firm's closed-end funds of Puerto Rico municipal bonds.

Industry arguments against the DoL’s fiduciary rule proposal do not consider the digital revolution in financial advice.