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.
Insurer Settles With SEC Over Private Placement Arrangement
By Staff WriterA financial services company has agreed to pay $3.3 million to resolve charges that a subsidiary let a wealthy family make late variable universal life ...
August 02, 2007
IRS Completes One Trust Rule, Proposes AnotherThe Internal Revenue Service has published a final rule and a proposed rule of interest to estate planners and other advisors who deal with generation-skipping ...
August 01, 2007
IRS May Ease Asset Diversification RulesThe Internal Revenue Service wants to permit Section 529 college savings programs to invest in the same funds that variable life and annuity contracts use.The ...
August 01, 2007
The IRS Is Getting TougherActing IRS Commissioner Kevin Brown told Tax Talk Today viewers that the IRS has made significant progress in recent years in terms of enforcement: Overall revenues...
August 01, 2007
Closing the GapThe primary goal of the Internal Revenue Service is to collect the taxes that are owed to the federal government under current tax law. Reducing...
July 31, 2007
Show Me State Just Says No To PaperThe Missouri Insurance Market Regulation Division plans to digitize all insurance filings that come in on paper.Missouri officials will stop retaining the paper versions of ...
July 30, 2007
Federal Insurance Regulation?A bill was introduced into the House of Representatives on July 26 calling for the creation of an optional national regulator for the insurance industry. The House bill, which is companion legislation to The National Insurance Act of 2007 (S40), was introduced by Reps. Melissa Bean (D-Illinois) and Ed Royce...
July 27, 2007
IRS Revises Nonprofit Plan RulesThe Internal Revenue Service has published an extensive update of the regulations governing 403(b) retirement plans.The update, Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts, ...