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 out by May 2016
By Melanie WaddellDOL will run out of time if the redraft is still 'outstanding' by Jan. 20, 2017, and a Republican candidate wins White House.
June 05, 2015
SEC Enforcement: Court Fines Advisor for Misleading Clients Into Switching FirmsMeanwhile, SEC charges four with posing as portfolio managers to steal inside information and then trading on it.
June 04, 2015
GOP Lawmakers Demand More Info on DOL, SEC Fiduciary Collaboration (Again)Two House Republicans say they haven't received "compelling information from DOL that meaningful coordination has taken place" between Labor and the SEC on fiduciary.
June 04, 2015
Mercatus’ Peirce Said to Be Leading Candidate for SEC SeatHester Peirce, a fellow at George Mason Universitys Mercatus Center, is the leading candidate to replace Commissioner Daniel Gallagher, sources say.
June 03, 2015
SEC Warns of Advisors Duping Investors With Fake CredentialsThe SEC warned investors Wednesday to perform thorough background checks and brought two actions against advisors for falsifying credentials.
June 03, 2015
SIFMA, FSR Propose ‘Uniform Best Interests’ Standards for BDsSIFMAs CEO, Ken Bentsen, says its legal standard would protect investors and avoid separate and inconsistent fiduciary policymaking at DOL and SEC.
June 02, 2015
Sen. Warren Slams SEC Chief for ‘Broken Promises’Sen. Elizabeth Warren, D-Mass., lambasted SEC Chairwoman White in a 13-page letter about her broken promises of agency action on major consumer protection issues.
June 02, 2015
Warren says SEC chair White’s tenure ‘extremely disappointing’White has failed to address conflict-of-interest concerns related to her husbands work as an attorney, Warren wrote.