Washington

Steven Mnuchin to work on retirement reforms, revisit Dodd-Frank regulations if confirmed

Steven Mnuchin to work on retirement reforms, revisit Dodd-Frank regulations if confirmed

Steven Mnuchin, the nominee for Treasury secretary, said that if confirmed he will work with Congress on retirement reforms including ways to spur retirement savings by simplifying the tax code, and...

January 24, 2017 | 03:39 pm
SEC expected to come out of gate slowly

SEC expected to come out of gate slowly

The sizable learning curve of the likely next chairman of the Securities and Exchange Commission plus vacancies on the commission and in several key agency divisions should add up to an extended...

January 23, 2017
CFTC extends comment period on Reg AT proposal

CFTC extends comment period on Reg AT proposal

The Commodity Futures Trading Commission on Monday extended to May 1 the comment period for its supplemental Regulation Automated Trading proposal.

January 23, 2017 | 03:28 pm
Investors mixed on how markets react to Trump

Investors mixed on how markets react to Trump

The election of Donald Trump late last year marred the long-awaited rebound in emerging markets, seen early in 2016 after years of underperformance.

January 23, 2017
Investors urged to look hard at routing

Investors urged to look hard at routing

Recent settlements over market makers providing misleading information on equity trades have put institutional investors on notice that they need to take a closer look of how their trades are routed.

January 23, 2017
Dollar's rise puts currency hedging  on the table again

Dollar's rise puts currency hedging on the table again

The dollar's rise is bringing the issue of currency hedging back into some institutional investors' conversations.

January 23, 2017
Seeing a light where others mostly predict dark clouds

Seeing a light where others mostly predict dark clouds

An industry veteran argues that Donald Trump's maverick victory is helping in part to set the stage for great opportunities in emerging markets.

January 23, 2017
Financial industry expects quick action from Donald Trump to delay DOL fiduciary rule

Financial industry expects quick action from Donald Trump to delay DOL fiduciary rule

Financial industry lobbyists on Friday were expecting quick action by the Trump administration to delay a Labor Department investment advice rule.

January 20, 2017 | 03:50 pm
New administration's environmental policies unlikely to undermine investor ESG focus

New administration's environmental policies unlikely to undermine investor ESG focus

There has been considerable speculation about the effect of Donald Trump's presidency on U.S. environmental policies regulating greenhouse gas emissions, clean air, contamination and impacts to water ...

January 20, 2017 | 12:01 am
Judge allows fiduciary breach case against Franklin Templeton 401(k) plan to continue

Judge allows fiduciary breach case against Franklin Templeton 401(k) plan to continue

A District Court judge has refused a request by Franklin Resources and its Franklin Templeton 401(k) Retirement Plan to dismiss claims of ERISA violations by a former plan participant.

January 19, 2017 | 03:50 pm
Ex-Visium manager found guilty of fraud in about 90 minutes

Ex-Visium manager found guilty of fraud in about 90 minutes

Stefan Lumiere, a onetime portfolio manager for hedge fund firm Visium Asset Management, was convicted of federal securities fraud charges in the culmination of a three-year case that included the...

January 19, 2017 | 05:28 pm
Elizabeth Warren asks financial firms whether they support delaying fiduciary rule

Elizabeth Warren asks financial firms whether they support delaying fiduciary rule

BlackRock and Vanguard Group were among 33 financial firms Sen. Elizabeth Warren has asked to declare whether they support efforts to delay or roll back the Department of Labor's fiduciary rule.

January 19, 2017 | 04:08 pm
Steven Mnuchin says he will tackle tax loopholes, protect retirement savings

Steven Mnuchin says he will tackle tax loopholes, protect retirement savings

Steven Mnuchin, the nominee for Treasury secretary, tells a Senate confirmation panel that if confirmed he would work to simplify the tax code, including closing tax loopholes that permit offshore...

January 19, 2017 | 03:38 pm
CFTC enforcement division director to leave Feb. 3

CFTC enforcement division director to leave Feb. 3

Aitan Goelman, director of the CFTC's enforcement division, will step down from his post Feb. 3, the regulatory agency says.

January 19, 2017 | 01:24 pm