Regulation

Regulators levy $4.4 billion in fines on banks for forex manipulation

Regulators levy $4.4 billion in fines on banks for forex manipulation

Citibank, HSBC, J.P. Morgan Chase, Royal Bank of Scotland and UBS received a combined $3.4 billion in penalties from U.S., U.K. and Swiss regulators for manipulating foreign exchange benchmark rates...

November 12, 2014 | 09:55 am

First fines in forex probe expected Wednesday

U.S., U.K. and Swiss authorities are preparing to levy the first penalties over foreign-exchange manipulation against at least six banks on Wednesday.

November 11, 2014 | 04:24 pm
Critics strike back at tick-size pilot program

Critics strike back at tick-size pilot program

The inclusion of a trade-at provision in the SEC's proposed small-cap tick-size pilot program is proving controversial, with debate centering on whether it unfairly targets dark pools and makes the...

November 10, 2014
GOP Congress might revisit tax incentives for retirement plans

GOP Congress might revisit tax incentives for retirement plans

As Republicans prepare to take control of the 114th Congress in 2015, their agenda could change the tax incentives for retirement plan sponsors and participants. Money managers could also see changes ...

November 10, 2014
Target-date fund outcomes expose fiduciaries to risk

Target-date fund outcomes expose fiduciaries to risk

TDFs are often black boxes, so many fiduciaries don't realize they do not have a rigorous conceptual basis — as demonstrated by the dramatic variation in the returns and asset allocations of...

November 10, 2014

CFTC collects $3.27 billion in sanctions in fiscal 2014

The Commodities Futures Trading Commission collected a total of $3.27 billion in monetary sanctions from enforcement actions in the 12 months ended Sept. 30, the CFTC’s fiscal year.

November 06, 2014 | 03:56 pm
SEC releases tick size pilot program plan for comment

SEC releases tick size pilot program plan for comment

The SEC late Monday released for public comment its plan to do a one-year pilot program to widen minimum tick sizes for small-cap stocks.

November 04, 2014 | 12:06 pm
Precision, flexibility vital for DC plans, say speakers at P&I conference

Precision, flexibility vital for DC plans, say speakers at P&I conference

Defined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions &...

October 29, 2014 | 01:24 pm
DOL looking at conflicts of interest for consultants

DOL looking at conflicts of interest for consultants

Labor Department officials are scrutinizing potential conflicts of interest when pension consultants with fiduciary responsibilities also manage a plan’s assets or recommend themselves for that ...

October 28, 2014 | 04:08 pm
Pact raises caution flag on swaps

Pact raises caution flag on swaps

Asset owners that use swaps could ultimately face losses and added risk as a result of an agreement among 18 major global banks.

October 27, 2014
Managers more serious about compliance

Managers more serious about compliance

Private equity and hedge fund managers, prodded by their institutional clients, are taking compliance more seriously as federal examiners and enforcers up their game targeting practices they say put...

October 27, 2014
ERISA at 40: Stewards reflect on good, bad

ERISA at 40: Stewards reflect on good, bad

Reflecting back on ERISA's first 40 years, the people who've administered it say there were some hits and some misses.

October 27, 2014

ETP traders not responding to exchange overtures

All too often, exchange-traded products are described as mutual funds that trade like stocks. A closer look reveals that not to be the case. To the surprise of many, ETP traders are comfortable in...

October 27, 2014

Daughters of Charity Health System church plan challenged

Another church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

October 24, 2014 | 02:29 pm
Money managers to redraw battle plans after SEC nixes batch of nontransparent ETFs

Money managers to redraw battle plans after SEC nixes batch of nontransparent ETFs

Active fund managers will have to redraw battle plans in their years-long push to bring new products to exchanges after regulators delivered a public rebuke to two proposals for so-called “non-...

October 24, 2014 | 01:42 pm