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.
DOL Fiduciary Rule Will Accelerate Broker-Dealer Closings
By Jonathan HenschenThrow in continued stock market weakness and many BDs, especially smaller ones, will be forced to close their doors.
February 22, 2016
House OKs Broader Definition of ‘Accredited Investor’The bill, which is now in a Senate committee, reflects the House's impatience with the SEC's failure to update the definition, a law firm says.
February 19, 2016
DOL Investigating Fortune 500’s Pension Payment PracticesMany "missing" plan participants aren't tracked down when they reach age 70 and are owed benefit payments, Morgan Lewis & Bockius attorneys say.
February 19, 2016
SEC to Move Examiners From BDs to RIAs in 2016: Chief WhiteAt SEC Speaks, Mary Jo White talks about shifting 100 examiners to RIAs and says she'll continue to develop support for fiduciary rule.
February 18, 2016
FINRA to Examine BDs for Conflicts of InterestWith compliance costing the industry $300 billion since 2010, the self-regulator wants BDs to answer questions on "cultural values" in a targeted exam.
February 18, 2016
SEC Enforcement: Ex-Deutsche Bank Analyst Fined for Stock Rating He Didn’t Agree WithIn another action, a Massachusetts tech company and its Chinese subsidiaries will pay more than $28 million to settle a bribery case.
February 17, 2016
Chamber of Commerce May Sue Over DOL Fiduciary RuleThe lobbying group says it may sue or seek legislation if the final rule fails to address "significant concerns" raised during the comment period.
February 17, 2016
SEC Seeks Feedback on BD Liquidation RuleAdvisors and others have 60 days to share their thoughts on how failing broker-dealers should be liquidated.