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.
Goldman Fined $36M for Using Secret Fed Data to Score Deals
By James J. GreenFed says former Goldman managing director Joseph Jiampietro used ill-gotten information to drum up investment banking business from clients and prospects.
August 02, 2016
DOL rule could erase indexed annuity gains next yearLIMRA Secure Retirement Institute expects strong Indexed annuity sales growth this year, followed by a downturn in 2017.
August 01, 2016
IRS fills ACA health coverage information holesThe Internal Revenue Service is getting ready to flesh out the rules that govern who tells the agency what kind of health coverage people have.
August 01, 2016
FINRA Accuses Rep of Fleecing Blind, Elderly WidowHank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
August 01, 2016
Celgene accused of using charities in ‘scheme to gain billions’Drug makers can help patient support charities, but they can't waive patients' drug co-pays.
August 01, 2016
DOL finalizes sweeping overtime pay changeThe salary threshold for those entitled to overtime pay will double under a new Department of Labor rule scheduled to go into effect in December.
August 01, 2016
Broker-Dealers Embrace DOL's Best Interest Contract ExemptionSeveral insurance carriers have indicated they will attempt to comply with the DOLs best interest contract exemption rather than exiting certain lines of business.
July 29, 2016
FINRA Reminds BDs of Arbitration Rights for Clients, RepsThe self-regulator puts firms on notice that customers and reps can't be forced to waive their FINRA arbitration rights.