Regulation

F-Squared Investments settles with SEC over false advertising

F-Squared Investments settles with SEC over false advertising

F-Squared Investments will pay $35 million and admit wrongdoing to settle SEC charges of defrauding investors with false performance advertising of its flagship strategy, “AlphaSector,”...

December 22, 2014 | 03:23 pm
Congressional changes raise prospects for legislative action

Congressional changes raise prospects for legislative action

Retirement savings incentives and regulation of money managers will get a fresh look from federal officials in 2015, as Republicans gained control of both houses of Congress for the first time since...

December 22, 2014

Banks get two more years to divest private equity, hedge funds under Volcker rule

Banks will have two more years to divest themselves of private equity and hedge funds to comply with a Dodd-Frank Wall Street Reform and Consumer Protection Act provision known as the Volcker rule.

December 19, 2014 | 03:09 pm
FSOC designates MetLife as 'systemically important'

FSOC designates MetLife as 'systemically important'

MetLife Inc. was designated a non-bank systemically important financial institution by the Financial Stability Oversight Council on Thursday.

December 18, 2014 | 04:24 pm
More safeguards coming for money managers in 2015, SEC chairwoman says

More safeguards coming for money managers in 2015, SEC chairwoman says

The SEC will spend 2015 taking a closer look at risks in the money management industry, Chairwoman Mary Jo White said Thursday at an investor conference in New York.

December 11, 2014 | 03:17 pm
DOL asked to back off brokerage rules

DOL asked to back off brokerage rules

Defined contribution industry representatives are resuming efforts to convince Labor Department officials that more extensive regulation of self-directed brokerage accounts is unnecessary and...

December 08, 2014
Managers shifting to new reality of fixed income

Managers shifting to new reality of fixed income

The fixed-income trading desks of larger money managers are setting prices of trades instead of discovering them while applying the electronic trading skills of their equity brethren to adapt to the...

December 08, 2014
Firms prepare for money market changes

Firms prepare for money market changes

Managers such as BlackRock Inc., Vanguard Group Inc., J.P. Morgan Asset Management, Goldman Sachs Asset Management and RBC Global Asset Management Inc. are retooling their cash management businesses...

December 08, 2014
DOL fiduciary rule proposal on track for January

DOL fiduciary rule proposal on track for January

The Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.

November 25, 2014 | 01:45 pm
PBGC to finalize rollover rule

PBGC to finalize rollover rule

Participants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp., under a rule ...

November 24, 2014 | 03:25 pm

EU threat of soft-dollar ban still alive, raising questions for managers

The possibility of European regulations banning the use of soft dollars for third-party research is alive and well, despite talk in the U.K. and Europe that regulators would settle for something that ...

November 24, 2014
Fiduciary concerns, complexities with the SEC's pay-to-play rule

Fiduciary concerns, complexities with the SEC's pay-to-play rule

The Securities and Exchange Commission's recent announcement of its first enforcement action under the “pay-to-play” rule it adopted in 2010 demands the attention of those responsible for ...

November 24, 2014

GAO: Room for improvement in FSOC process

The Financial Stability Oversight Council process for designating systemically important non-bank financial institutions, or SIFIs, could have more accountability and transparency, said a report...

November 21, 2014 | 03:03 pm
SEC to require backup operational plans for large-volume trading venues

SEC to require backup operational plans for large-volume trading venues

The SEC on Wednesday approved requiring large-volume equity exchanges, alternative trading systems and dark pools to submit to the agency backup operational plans in case those venues' technological...

November 19, 2014 | 02:38 pm
FSOC process necessary, Dodd says

FSOC process necessary, Dodd says

The Financial Stability Oversight Council's mission to identify systemically important non-bank financial institutions is necessary, former Sen. Christopher J. Dodd said Tuesday at an event marking...

November 18, 2014 | 02:37 pm