Career News 24/7: Reuters Money: SEC examiners to review how asset managers fend off cyber attacks

Friday, January 31, 2014

Reuters Money: SEC examiners to review how asset managers fend off cyber attacks

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01/31/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

SEC examiners to review how asset managers fend off cyber attacks

WASHINGTON (Reuters) - U.S. regulators said Thursday they plan to scrutinize whether asset managers have policies to prevent and detect cyber attacks and are properly safeguarding against security risks that could arise from vendors having access to their systems.

U.S. fund firms add slightly to stocks as market falls: Reuters poll

NEW YORK/BANGALORE (Reuters) - U.S. fund managers added slightly to their equity holdings and cut back on cash in January despite the biggest stock market fall in a year, a Reuters poll showed on Friday.

Enrolling in Medicare: Your boss doesn't always know best

(The opinions expressed here are those of the author, a columnist for Reuters.)

Wearing two hats triggers compliance headaches for advisers

(Reuters) - Brokers who want to set up their own advisory businesses have a lot of compliance issues to consider, especially when they plan to hold licenses through both of the top U.S. securities regulators instead of just one.

Deep-pocketed foundations pledge to divest from fossil fuels

WASHINGTON (Reuters) - More than a dozen foundations representing more than $2 billion in assets said Thursday they will stop investing in fossil fuel companies as both the World Bank and United Nations chiefs strengthen calls for divestment from "high carbon" assets.

Bankers anxious over anti-money-laundering push to go after individuals

NEW YORK (Reuters) - A new push by regulators and lawmakers to hold individuals, rather than just institutions, accountable for regulatory violations involving money laundering is spooking members of the U.S. financial industry, an executive of retail broker E*Trade Financial said on Thursday.

U.S.-based emerging markets stock funds post $2.6 billion outflow: Lipper

(Reuters) - Investors in funds based in the United States pulled $2.6 billion from emerging markets stock funds in the week ended January 29, marking their biggest net outflow since February 2011, data from Thomson Reuters' Lipper service showed on Thursday.

China Tobin tax, shadow banking and moral hazard: James Saft

(Reuters) - Sometimes it can be hard to understand just what exactly China's regulators are trying to achieve.

E*Trade to give clients access to IPOs from Jefferies

NEW YORK (Reuters) - The baby in E*Trade TV commercials may soon boast that he got in on a hot Wall Street IPO.

Fidelity Contrafund gets big lift from Facebook surge

(Reuters) - Fidelity Investments' $111 billion Contrafund received a big lift on Thursday from its $2 billion stake in Facebook Inc after the shares surged 18 percent on better-than-expected revenue results.