Legal

Financial firms such as hedge funds and asset managers should and could be doing more, Lew said.

The SEC commissioner opined that the root cause of the financial crisis was failed federal housing policy and loose monetary policy, none of which was addressed in Dodd-Frank.

BP Plc employees can sue managers of the companys retirement savings plan over losses related to the 2010 Gulf of Mexico oil spill, a U.S. appeals court said.

In a survey released this week of over 400 American expat clients, deVere Group found 79 percent of respondents said they had actively considered, were thinking about, or had explored the options of renouncing U.S. citizenship.

The U.S. Securities and Exchange Commission should act immediately to eliminate two stock market pricing models that create conflicts of interest for brokers, Senator Carl Levin said in a letter to SEC Chair Mary Jo White.

The California Democrat has co-authored legislation that would authorize the SEC to collect user fees from advisors to improve examination frequency.