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.
Deutsche Bank Fined $41M for Money-Laundering Lapses
By Jesse Hamilton & Steven AronsFederal Reserve sanctions lenders U.S. banking operations; bank accused of "unsafe and unsound" practices in Fed order.
May 30, 2017
Wall Street May Get New Chance to Gut DOL Fiduciary RuleUnder pressure from Congress, the SEC may be preparing to review the responsibilities that brokers have to their clients.
May 30, 2017
Former Obama Counsel Williams Joins Kirkland & Ellis Reg PracticeErica Williams becomes partner in Government, Regulatory & Internal Investigations Practice Group while Marian Fowler becomes a partner in the Investment Funds Group.
May 29, 2017
When Do Advisors Have Custody Relief?On Feb. 21, the SEC released guidance clarifying when advisors will be deemed to have custody with respect to standing letters of authorization (SLOA).
May 29, 2017
DOL’s (Possible) Loss Could Be Your GainMany advisors are lamenting attempts to dismantle Labors new fiduciary rule. Bob Clark has a different take.
May 29, 2017
Destination Unknown: The 2017 Broker-Dealer Presidents PollDespite the complexity and ambiguity of Labor's fiduciary rule, broker-dealer leaders remain cautiously upbeat.
May 29, 2017
Financial Choice Act Faces Uncertain FutureWhile the Financial Choice Act of 2017 passed out of the House Financial Services Committee in early May, chances of getting it through the Senate fully intact are unlikely.
May 29, 2017
Wirehouses Keep Tweaking Plans, Policies Ahead of DOL DeadlineAfter discussing the possibility that advisors could keep commissions in some retirement accounts, Merrill Lynch has given its roughly 14,500 advisors more details.