Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
Senate Gets Annuity Bill
By Allison BellSenate members have introduced S. 1389, a bill that could reverse efforts by the U.S. Securities and Exchange Commission to claim jurisdiction over indexed annuities.
June 26, 2009
Northwestern Mutual Sued Over PayThree former sales and financial representative for Northwestern Mutual Life Insurance Company are suing the company.
June 25, 2009
Fund Firms Get Ahead of Summary Prospectus DeadlineSEC likely to request variable annuity summary prospectus soon
June 25, 2009
Hartford Concludes Bank AcquisitionThe Hartford Financial Services Group Inc. says it has completed its acquisition of Federal Trust Corporation for $10 million in cash.
June 25, 2009
NAVA testimony questions added industry regulationSpeaking before the House Financial Services Committee on June 24, NAVA president and CEO Cathy Weatherford offered her organization's input on President Obama's proposals to reform the regulation of the financial services industry
June 25, 2009
SEC takes on money market fundsThe Securities and Exchange Commission is rewriting rules that would make money market funds safer for investors, the New York Times reports. The Commission is proposing that retail funds be required to keep "at least 5 percent of their assets
June 24, 2009
NAVA testimony questions added industry regulationSpeaking before the House Financial Services Committee on June 24, NAVA president and CEO Cathy Weatherford offered her organization's input on President Obama's proposals to reform the regulation of the financial services industry
June 22, 2009
More Madoff Fraud Charges LeviedThe Securities and Exchange Commission on June 22 charged a broker/dealer and four individuals with securities fraud, alleging that they collectively raised billions of dollars from investors for Bernard Madoff's Ponzi scheme.