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.
The DOL fiduciary rule, duties to consumers, and the Best Interest Contract Exemption
By The American College of Financial ServicesUnder the new rule, advisors will need to document their advice and how it will help the client.
July 04, 2016
After the DOL Fiduciary Rule, Enter the Fee-Based Variable AnnuityThe long-suffering product class may be ripe for a comeback as hefty VA commissions are frowned upon under the DOL rule.
July 04, 2016
The DOL fiduciary rule, duties to consumers, and the Best Interest Contract ExemptionUnder the new rule, advisors will need to document their advice and how it will help the client.
July 01, 2016
FINRA Execs Continue to Earn Big BucksIncoming FINRA CEO Robert Cook, from law firm Cleary Gottlieb, won't take as drastic a pay cut as a transition to public service often entails.
July 01, 2016
Enforcement: 'Frack Master' Charged With Taking $30M From InvestorsMeanwhile, an Omaha advisor was suspended and charged in a scam involving annuities.
June 30, 2016
Perez Shrugs Off DOL Fiduciary Rule Lawsuits, Vows Continued Outreach to IndustrySome folks in the industry want a Best Interest Rule as long as its not enforceable, the Labor secretary said.
June 30, 2016
FINRA Posts Loss for 2015 as Costs Rise, Fines Drop 30%Revenue from fines weakened to $93.8 million, while costs grew to over $1 billion on technology projects.
June 30, 2016
Ex-billionaire Wyly’s Dallas mansion slipping away in courtWyly wants to keep the property under a Texas homestead law intended to keep people from winding up homeless after filing for Chapter 11 protection.