The Securities and Exchange Commission voted unanimously to issue a statement affirming support for a single set of high-quality globally accepted accounting standards and ongoing consideration of incorporating International Financial Reporting Standards into the financial reporting system for U.S. issuers.

The Baltimore fund company is considering fixed income and equity strategies and is not planning on cloning any existing funds.

"Almost Hard to Fathom," Mier Said.

WASHINGTON — A day after the release of regulatory data that showed the worst decline in lending in 67 years, lawmakers pressed Federal Reserve Board Chairman Ben Bernanke Wednesday on what he and the other agencies were doing to reverse the trend.

Legislation would create powerful new regulator

The Securities and Exchange Commission has received just over 200 comment letters since it posted its proposed roadmap for transitioning to International Financial Reporting Standards on its Web site in 2008, and it’s now receiving some extra suggestions as it prepares to publicly deliberate Wednesday on the roadmap.

WASHINGTON — The worst of the financial crisis has passed for most institutions, but new Federal Deposit Insurance Corp. data shows aftershocks are still being felt.

Settlement could give more weight to New York Attorney General suit.

Because neither Congress nor the Securities and Exchange Commission require hedge funds to register or reveal key information, Connecticut General Assembly Sen. Robert Duff (D-Norwalk) vows to reintroduce as many as three bills that would require them to reveal conflicts of interest, be licensed and disclose financial information to prospective investors.

The Securities and Exchange Commission plans to meet this Wednesday to consider a statement on International Financial Reporting Standards.

Market Groups to Press Dodd Panel

Experts say global response necessary for biggest firms

Judge Jed S. Rakoff says the law requires broad latitude be given to SEC.

Even those who have used a financial planner and think favorably of them support regulation.

MIAMI -- Nearly two years after the collapse of Bear Stearns tipped off a global financial crisis, many people are still frustrated, confused, afraid, angry or resentful. Investors, regulators, legislators and Wall Street executives occasionally look for someone to lash out at, but no one is sure whom to blame or how to prevent such a disaster from happening again.

Many financial institutions are significantly underestimating the impact that new cost-basis rules will have on them, according to a study by research group TowerGroup and technology vendor Scivantage.

Senate Banking Committee Chairman Chris Dodd is hoping to introduce a revised regulatory reform bill next week. But with the fate and makeup of a bill unclear, we offer the following frequently asked questions.

FINRA expands Broker Check service to provide more information on former brokers.

Cambridge Investment Research’s 1,600 financial advisors are independent contractors who run their own businesses nationally, but legislation introduced in both the House and Senate has threatened that model.

Many banks still suffer from chronic underinvestment in the analytical tools required for measuring risk, while others are still figuring out how to translate data into key decisions used in everything from the loan-approval process to executive pay practices.