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.
Unchartered waters: Why this IMO is seeking FI status under DOL rule
By Warren S. HerschThe DOL fiduciary rule will likely mean cuts in commissions, and more standardized payouts, for agents and advisors, says Clarity 2 Prosperity CEO Jason Smith.
August 10, 2016
IMOs take on enhanced sales role under the new DOL ruleThe Department of Labor's new fiduciary standard recognizes independent marketing organizations (IMO)s that broker financial products. But so far, only six IMOs have applied to be such "financial institutions."
August 10, 2016
SEC Charges Ex-NFL Player With Defrauding Former Coaches, ElderlyThe player cheated seniors and coaches, donors, alumni and employees of schools out of $10 million, the SEC said.
August 10, 2016
SEC Names Snyder Co-Head of Advisor ExamsSynder joins Jane Jarcho in OCIE to help oversee more than 520 lawyers, accountants and examiners.
August 10, 2016
FINRA Floats Rule Changes on Gifts, Noncash CompThe proposed changes "make sense" as some of the current rules, especially on business entertainment, are "too subjective," Cipperman Compliance Services says.
August 09, 2016
Fight Brews in Kansas, Texas Courts Over DOL Fiduciary RuleA fight is brewing in Kansas and Texas courts over whether to allow advocates and opponents of the DOL's fiduciary rule to state their case.
August 09, 2016
Advisor’s Challenge to SEC In-House Judges Fails in DC CircuitA federal court on Tuesday rejected an investment advisors challenge to the constitutionality of the SEC's administrative law judges.
August 08, 2016
Morgan Stanley to Pay Fired Rep $2.4M, Clear His RecordFINRA arbitration panel rules the wirehouse made "defamatory statements" to clients of a Florida advisor let go in 2014.