Regulation And Legislation

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NEWS REGULATION AND LEGISLATION JAN 15, 2014
SEC on compliance: Do what you say you're doing

Exam chief Jane Jarcho gives tips on what advisers can expect.

NEWS PRACTICE MANAGEMENT JAN 14, 2014
Critics say House bill would create 'Wild West' for private placements

Legislation exempts from SEC registration small-business M&A brokers.

NEWS RIAS JAN 14, 2014
Bogle: Apply fiduciary duty to anyone 'touching other people's money'

Vanguard founder calls on the SEC and DOL to 'put the principle first and the carve-out second.'

NEWS REGULATION AND LEGISLATION JAN 14, 2014
SEC puts fiduciary duty on 2014 agenda as 'long-term action'

The Securities and Exchange Commission is pursuing a rule that would raise investment-advice standards for brokers — just not in the near future. But that's enough to give fiduciary-duty advocates hope.

NEWS REGULATION AND LEGISLATION JAN 13, 2014
SEC enforcement co-chief Canellos to leave

Implemented policy change forcing some defendants to admit wrongdoing in settlements.

NEWS EQUITIES JAN 12, 2014
Goldman calls stock market lofty by most measures

Today's Breakfast with Benjamin includes: Goldman's stock market call, a closer look at Fed policy, lawyers pick apart Volcker rule, retailers and cyber security, combining IRAs, and how not to ignore your client's wife.

NEWS REGULATION AND LEGISLATION JAN 12, 2014
Finra going after rogue brokers

NEWS REGULATION AND LEGISLATION JAN 12, 2014
SEC maintains hard line on conflicts

NEWS MUTUAL FUNDS JAN 10, 2014
Back to the basics on bond funds

Breakfast with (<i>InvestmentNews</i> senior columnist Jeff) Benjamin: Going back to basics with bond funds; breaking down the jobs report; Wall Street confronts a big mortgage settlement; Chinese exports falter; the polar vortex and natural gas prices; and retailers' bad holiday season.

NEWS EQUITIES JAN 10, 2014
Gold hits the skids and miners dig deep

Today's Breakfast with Benjamin shines a light on the slide in gold and its impact on miners, Volcker rule tweaks, Nasdaq settling its Facebook IPO glitch, the expected drop in oil prices, and quotes to ponder

NEWS EQUITIES JAN 10, 2014
Gold drops like a rock in latest signal of economic recovery

Gold dropping like a rock. Plus: Taper mania, SAC's Steinberg convicted, big government seen as big bad, investment tips for 2014, and if economists wrote Christmas cards.

NEWS REGULATION AND LEGISLATION JAN 09, 2014
Finra's proposed monitoring system could cost industry millions

Data collection could force clearinghouses to manage reams of new account information.

NEWS REGULATION AND LEGISLATION JAN 09, 2014
Wells Fargo to repurchase $94M in securities from family clients

A Finra arbitration panel has ordered the firm to buy back funds recommended by an adviser

NEWS REGULATION AND LEGISLATION JAN 09, 2014
There is a reason we hate the word 'fiduciary,' Helck says

Before he stepped down this week as chairman of the Securities Industry and Financial Markets Association, Chet Helck launched the organization's initiative to elevate customer care among its members to a best-interests standard. The effort, designed to help the financial industry regain investor trust, is modeled on a similar program at Raymond James Financial Inc., where Mr. Helck is the chief executive of the Global Private Client Group. He spoke to <i>InvestmentNews</i> at the SIFMA annual conference in New York this week.

NEWS REGULATION AND LEGISLATION JAN 09, 2014
Brokers: Put clients first, Chet Helck says at SIFMA meeting

The best way for the financial services industry to turn around negative public perception is to raise its standards for client care and elevate clients' interest above its own, the chairman of a major Wall Street trade association said Monday night.

NEWS REGULATION AND LEGISLATION JAN 08, 2014
Is the SEC's new enforcement zeal for real?

Taking the pulse of the securities regulator as chief Mary Jo White continues her charm offensive, in which she's hoping to prove that her agency is no longer the lap dog of Wall Street. Given the revolving door, proof will be in the pudding.

NEWS EQUITIES JAN 07, 2014
Goldman, JPMorgan advise ducking out of emerging markets

In today's Breakfast with Benjamin: Two big investment houses recommend exiting emerging markets. Also: Credit Suisse offloads risky assets, investment gurus get nervous about 2014, cold weather and a weak economy, and what will cost more this year.

NEWS WIREHOUSES JAN 06, 2014
Merrill Lynch in $132 million SEC settlement over faulty disclosures on derivatives

Wirehouse agrees to settle SEC charges that it failed to inform investors that a hedge fund influenced the selection of collateral backing two debt products it was selling.

NEWS REGULATION AND LEGISLATION JAN 02, 2014
SAC record $1.8B insider plea approved; caps 7-year probe

SAC Capital Advisors' landmark $1.8 billion settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund's role as a money manager and capping a decade of insider-trading cases.

NEWS REGULATION AND LEGISLATION JAN 02, 2014
Regulator pushes for more fee disclosure from 529 college savings plans

MSRB wants to learn more to help consumers become more informed.