Rep. Maxine Waters has asked the SEC to levy fees on investment advisors to pay for more thorough oversight, rather than putting FINRA in charge.

The Systemic Risk Council has been created to monitor and encourage regulator reform of U.S. capital markets, in light of recent financial system crashes.

The sale of AIG stock is just the latest in a series of steps that signal the once-troubled insurer's eventual escape from the shadow of its near-collapse in 2008 and 2009.

The legislation was introduced despite studies showing an SRO would cost twice as much as funding the SEC to examine advisors.

Speculation surrounding industry giant Aviva's potential departure from the U.S. annuity business has prompted competitors to prepare to fill the void.

Industry insiders press Ways and Means committee to retain tax incentives to continue public participation in retirement plans, many of which date back to the Bush Administration.

Top sales officials from Invesco and Protective Life will be joining a former Goldman Sachs executive in a new unit seeking growth in institutional markets.

Health insurers and HMOs in Connecticut have agreed to begin notifying their individual and small group policyholders each time they submit a rate request to the state Insurance Department for review.