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.
SEC Slams RIA for 12b-1 Violations
By Melanie WaddellAdvisors at Everhart Financial Group "nearly always" invested non-retirement individual advisory accounts in shares that charged a 12b-1 fee, the SEC says.
January 14, 2016
Goldman Fined $15M by SEC Over Reg SHO Violations"The requirement that firms locate securities before effecting short sales is an important safeguard against illegal short selling," said SEC's Ceresney.
January 12, 2016
DOL Fiduciary Rule Heading to OMB as Obama Gives Final State of the UnionAn expedited OMB review of DOL's rule could put it out before April. Legal challenges are already being prepared.
January 12, 2016
Bernanke: ‘Audit the Fed’ Bill Wouldn't Audit at AllThe bill doesn't actually deal with reviewing the Feds financial assets and liabilities, records and operations, Bernanke writes in his Brookings blog.
January 12, 2016
Oops: IRS Wrongly Gave Tax-Exempt Status to Many EZ FilersA Taxpayer Advocate study found that 37% of 501(c)(3) groups that had filed the shortened IRS form didn't satisfy the required organizational test.
January 11, 2016
SEC’s Top Exam Priorities for 2016SEC examiners will zero in this year on several new areas.
January 11, 2016
FINRA's top exam priorities for 2016FINRA CEO Richard Ketchum says that one of the top goals for the year is managing brokers' conflicts of interest.
January 08, 2016
Here's how much the DOL fiduciary rule may cost the industryFocusing only on the cost of implementing the proposed rule 'vastly' underestimates its potential impact.