Reuters Money: Wall St. watchdog to review its sanction guidelines: chief

	Click to View in Browser 06/17/2014 Wall St. watchdog to review its sanction guidelines: chief (Reuters) - Wall Street's industry-funded watchdog will review its guidelines for imposing fines in enforcement cases, its chief said on Monday. BofA's Merrill fined for mutual fund overcharges (Reuters) - Bank of America Corp's Merrill Lynch unit was fined $8 million and will reimburse $24.4 million to customers to settle allegations that it overcharged more than 47,000 retirement accounts and charities that invested in mutual funds. For U.S. retirement consultants, advisers disrupt the industry New York (Reuters) - The big retirement benefit consultants are facing increasing competition as financial advisers move in on their turf, according to Chip Castille, the head of BlackRock's U.S. retirement group. The score on Brazil as a long-term investment CHICAGO (Reuters) - The beginning rounds of the World Cup have offered thrills to global soccer fans. But what should excite investors about Brazil? Pimco's Ivascyn sees 'significant' opportunity in European bank assets NEW YORK (Reuters) - The expected unloading of roughly $1 trillion in assets by European banks represents a "significant investment opportunity" in residential and commercial real estate as well as corporate securities, Dan Ivascyn, one of Pimco's deputy chief investment officers, said on Monday. Why some bags are not going to fly this summer (Reuters) - Jamming as much as possible into carry-on luggage has become routine for travelers, considering the fees many airlines charge for checking baggage. But those bags may be barred from overhead bins this summer. Stock funds worldwide attract $11.4 billion over week: BofA NEW YORK (Reuters) - Fund investors worldwide poured $11.4 billion into stock funds in the week ended June 11, marking the biggest inflows into the funds since February after the European Central Bank unveiled new stimulus measures, data from a Bank of America Merrill Lynch Global Research report showed on Friday. SEC extends review of plan to ban broker settlement deals (Reuters) - The U.S. Securities and Exchange Commission has extended the deadline for its review of a proposal to ban a type of settlement in disputes between brokerages and investors that would make it easier for stock brokers to clear their records. Inherited IRAs in play for bankruptcy creditors: U.S. high court (Reuters) - The U.S. Supreme Court on Thursday said inherited individual retirement accounts are not protected from creditors in bankruptcy, in a ruling that impacts one of the most popular ways to save for retirement. U.S. securities watchdog optimistic on fraud intervention rule (Reuters) - Wall Street's industry-funded watchdog is optimistic that its plan to let securities arbitrators immediately report frauds they learn about in the middle of a case will finally take effect. Related Video Deals and politics drive stocks Stocks break weekly winning streak Business News Rising consumer prices point to uptick in inflation pressures U.S. housing starts, permits fall more than expected in May The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend