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.
CFP Board Extends Compliance Date for New Ethics Standards
By Melanie WaddellAligning the enforcement date with that of the SEC's Regulation Best Interest is "helpful" to CFP professionals given the "significant overlap in the two sets of standards," said CFP Board Chair Susan John.
July 12, 2019
DOL Fiduciary Rule Hangs in Balance as Labor Secretary Acosta ResignsAcosta's resignation "will affect the development of any guidance that could be controversial," says lawyer Fred Reish.
July 11, 2019
FINRA Clarifies What 'Extraordinary Cooperation' Really MeansNew guidance tells firms how they can reduce penalties by going beyond the basic requirements when being investigated.
July 10, 2019
Is There Magic in the Term 'Fiduciary'?Two SEC officials, including Investment Management Director Dalia Blass, have differing opinions on this question.
July 09, 2019
FPA Calls for CFP Board to Delay Enforcement of New Ethics StandardsCFPs shouldn't have to make two separate sets of changes, the group argues.
July 09, 2019
DOL, IRS Must Collaborate on Prohibited IRA Transactions: GAODOL and IRS need to set up a memorandum of understanding or other mechanism to collaborate on oversight of such transactions.
July 08, 2019
Fed Stands by Openness to Cut Rates in Semiannual ReportThe report was completed before the release of the stronger-than-expected May jobs report.
July 08, 2019
SEC, FINRA Clarify Broker-Dealer Custody of Digital AssetsFor one thing, BDs with custody of these assets must comply with the Customer Protection Rule.