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.
Slight Growth in RIAs
By Kara P. StapletonThe universe of registered investment advisors grew only slightly during the past year, according to National Regulatory Services and the Investment Adviser Association's seventh annual...
October 01, 2007
Making Compliance HeadwayFour years since the passage of the SEC's "compliance program rule"--requiring registered investment advisors to adopt and implement compliance policies and procedures, appoint a chief...
October 01, 2007
Difference of OpinionKnut Rostad is the compliance officer for Rembert Pendleton Jackson, an independent advisory firm in Falls Church, Virginia, with $700 million in AUM. Over the...
September 27, 2007
IRS Cancels VA RulingThe Internal Revenue Service has decided to rescind recent advice it gave concerning variable annuity separate account reserve accounting.The IRS is suspending IRS Revenue Ruling ...
September 27, 2007
FINRA Settles with Morgan StanleyMorgan Stanley & Co. will pay the Financial Industry Regulatory authority (FINRA) a total of $12.5 million on behalf of its "former affiliate" Morgan Stanley Dean Witter, (MSDW)according to a FINRA statement.
September 26, 2007
IRS Cancels VA RulingThe Internal Revenue Service has decided to rescind recent advice it gave concerning variable annuity separate account reserve accounting.The IRS is suspending IRS Revenue Ruling ...
September 26, 2007
Ratings Agencies Culprits in Subprime FiascoThe nation's credit ratings agencies did indeed have a role to play in the subprime lending fiasco, members of the Senate Committee on Banking, Housing and Urban Affairs said during a hearing September 26.
September 21, 2007
SEC Changes Principal Trading RuleThe SEC announced September 20 a temporary rule regarding principal trades with investment advisory accounts, Section 206(3) of the Advisers Act, which is intended to make October 1 compliance with the rollback of the Broker/Dealer Exemption Rule, which exempted brokers from regulation as an investment advisor even when they were...