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.
IRS sets 2016 LTCI tax deduction limits
By Allison BellThe amounts of premiums eligible will increase from 2.1 percent to about 2.8 percent.
October 20, 2015
Cetera, Commonwealth Among 12 Firms to Pay FINRA $6.6M Over UIT Sales Charges"Firms need to ensure that their registered representatives are providing customers the sales charge discounts to which they are entitled," says FINRA enforcement chief Bennett.
October 19, 2015
SEC Enforcement Chief Looks Back Over the Past YearAndrew Ceresney talks of "much improved analytical tools" and big cases against private equity firms, among other regulatory wins.
October 19, 2015
Advisor Admits to Stealing Nearly $2M From Elderly ClientsThe former president of Coastal Investment Advisors in Delaware used the money to pay for a golf club membership and private school, the SEC says.
October 19, 2015
SEC Fines UBS $17.5M for Failing to Disclose Fund’s Risky Strategy ChangeA fund advised by two UBS firms changed its investment strategy to include risky credit default swaps without adequate disclosure, the SEC says.
October 16, 2015
White Says Private Fund Data Gives SEC Truer Picture of Risk in SystemData suggests private funds are healthier operations with less leverage and more controlled risk profiles than was the case five years ago, SEC chief says.
October 16, 2015
DOL Chief: We Won’t Play ‘Gotcha’ With Fiduciary EnforcementLabor Secretary Thomas Perez signaled Friday that DOL expects a legal challenge to fiduciary rule but that it will work with stakeholders on compliance.
October 16, 2015
Spending Bill Rider May Be Best Way to Stop DOL Rule: Rep. Wagner AideLegislative staffer says adding rider to broader spending bill would keep the president from vetoing it. Failing that, there's the lawsuit option.