Proprietary traders who use computers to buy and sell stocks in milliseconds would have to register with the agency under chair's recommendations.
There are four essential starting-point considerations for every adviser deciding which alternative investments they might offer, and under which compensation arrangement.
The segment is growing in importance among your future top clients.
Facing new pressure to overhaul trading after Michael Lewis's book "Flash Boys," the regulator may require brokers to reveal exactly where stock trades are executed. The change would limit deals brokers make with exchanges at the expense of investors' interests.
<i>Breakfast with Benjamin:</i> Don't look now, but wage growth (for dishwashers, for example) is on the radar. Plus: The SEC's half fix for money funds, a golden cross for Goldman, judge blocks 'Wall Street Wolf's' sucker list, and big city life can be a drag.
High-yield bond funds suffer major withdrawals; Pimco ETF loses most money ever.
On today's <i>Breakfast with Benjamin</i> menu, global markets feel the pressure of an uptick in geopolitical risk, as oil prices move higher. Plus notes on where to go when volatility rises, and more.
On today's <i>Breakfast with Benjamin</i> menu, Pres. Obama pushes for tighter border rules for U.S. companies trying to exit for tax purposes, asset managers unprepared for a bear market, and more.
Legg Mason Inc. is firing 62 Batterymarch Financial Management employees as it combines the affiliate with QS Investors, the global quantitative equity firm it's purchasing this year.
On Friday's menu: Barclays hits back on dark pool charges. Plus: Seeing the markets through the eyes of regular investors, why young folks should embrace bear markets, discount retailers set to shine, another cheap swipe at mortgage interest deductions, and the SEC hasn't forgotten about those pesky high-speed traders.
Split SEC votes 3-2 to pass rules on money market funds that end four-year struggle to toughen regulations.
New deals are being announced, while others are being completed.
Under new rules, prime money funds to float $1 share price, investors to be charged for withdrawals sometimes.
Big ETFs from Vanguard, BlackRock attract more than $7 billion combined since end of March.
One year after the SEC proposed new protections for money-market mutual funds, support is eroding for the agency's plan to rein in the riskiest of them. Dissent among the five commissioners has raised the possibility that a vote on the proposal, currently targeted for late July, could be delayed.
The ex-wirehouse executive is throwing her weight and her money behind a revived mutual fund that invests in publicly traded companies that have greater numbers of women in management positions, saying values and returns can align when advisers invest in gender diversity.
