The Financial Stability Oversight Council will take a closer look at hedge funds’ use of leverage as it reviews potential risks to U.S. financial stability, according to an updated statement...
April 19, 2016 | 03:54 pm
Deborah Forbes announced her resignation as executive director of the Committee on Investment of Employee Benefit Assets on Monday.
April 18, 2016 | 02:55 pm
Nearly six years after the Obama administration introduced an expansion of who is considered an ERISA fiduciary, the final rule released this month was largely well-received in the defined...
April 18, 2016
The snakebit Sequoia Fund is warning investors that large redemptions may be paid in securities, rather than cash.
April 15, 2016 | 10:44 am
Khaled Bassily, former head of transition management at ConvergEx Execution Solutions, was charged by the SEC with concealing from customers that they were paying higher execution costs than were...
April 15, 2016 | 12:42 pm
As mutual fund companies continue to ponder the effects of the Department of Labor's fiduciary rule, Wall Street is weighing in as well. The early results aren't favoring broker-sold fund companies.
April 12, 2016 | 04:16 pm
Marshall S. Sprung, co-chief of the SEC enforcement division’s asset management unit, will leave later this month, the Securities and Exchange Commission announced Monday.
April 11, 2016 | 03:49 pm
Uncertainty over the outlook for the U.S. economy is higher than usual, which calls for a “cautious and gradual approach” to interest-rate increases, Federal Reserve Bank of New York...
April 08, 2016 | 10:22 am
MetLife Inc.'s designation by the Financial Stability Oversight Council as a non-bank systemically important financial institution was overturned for two reasons that could impact other designations, ...
April 07, 2016 | 04:23 pm
Federal Reserve policymakers last month debated an April interest rate hike, with several officials leaning against such a move because it would send the wrong signal and others saying it might be...
April 06, 2016 | 03:59 pm
U.S. federal, state and local pension funds combined face an estimated $7 trillion funding gap, said a new report from Moody's Investors Service.
April 06, 2016 | 03:44 pm
Advocacy groups are mostly in favor of the new fiduciary standard released Wednesday by the Department of Labor.
April 06, 2016 | 03:36 pm
A new fiduciary standard to be released Wednesday by the Department of Labor broadens the definition of fiduciary advice for anyone giving investment advice but allows plan sponsors and their...
April 06, 2016 | 06:00 am
Federal Reserve Bank of Chicago President Charles Evans said the U.K.’s “Brexit” vote and the U.S. presidential elections are fueling uncertainty, complicating decisions for policy...
April 05, 2016 | 10:12 am
As Puerto Rico faces upcoming deadlines for paying bondholders and other creditors, all eyes are turning to Washington with hopes that the White House, Congress or even the Supreme Court can work out ...