The disclosure requirement is proving to be problematic.

At the top is the “Focus Five:” Millennium, Citadel, Surveyor Capital, Point72 and Carlson Capital

(Bloomberg) -- Yale University’s endowment earned $2.6 billion in investment gains in fiscal 2015. A proposed bill in the Ivy League school’s home state of Connecticut is eyeing a share of the bounty as a source of revenue...

• New proposed regulations relating to basis reporting—The Treasury has issued proposed regulations under Internal Revenue Code Sections 1014 and 6035 (among others) relating to basis reporting (T.D. 9757, March 3, 2016). These...

Money is flowing to Dublin. | Copyright Chris Jackson, Getty Images Overall, 2015 global asset flows were muted at $949 billion, down from $1.4 trillion in 2014, according to Morningstar’s annual Global Asset Flows Report. In 2014, the lar...

“Wealth management may benefit even more from using technology than investment banking.”

(Bloomberg) -- Morgan Stanley was ordered to pay more than $34.4 million to the estate of Roy Speer, co-founder of Home Shopping Network, over accusations its stockbrokers took advantage of him with unauthorized trades...

Going after Wedbush. Wedbush Securities is getting fined for yet more regulatory failures. FINRA and the Nasdaq Stock Market on Monday jointly censured the California-based firm, levying a $675,000 fine for failing to supervise its cleari...

“You can use smart beta smartly or you can use smart beta stupidly.”