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.
Ken Fisher’s 401(k) Unit Says DOL Fiduciary Plan Limits Investment Advice
By Melanie WaddellSmall plans could be hurt; DOL must also make clear some marketing activities are not fiduciary activity, Fisher unit said in comment letter.
August 10, 2015
Panelists say DOL arbitration provision must goThe first morning of the Department of Labors public hearing on its proposed conflict-of-interest rule brought attention to a provision that could protect advisors from the plaintiffs bar.
August 10, 2015
DOL Tackles Key Fiduciary Plan Proposals at HearingsFirst round of DOL hearings prompts discussions on Best Interest Contract Exemption, mandatory arbitration as well as whether the proposed plan would spur lawsuits.
August 10, 2015
Guggenheim Unit to Pay SEC $20M Over Compliance FailuresThe group failed to disclose an executives $50 million loan from a client; staff took dozens of trips on clients planes.
August 07, 2015
SEC, FINRA Enforcement: 2 Busted for Selling Fake ‘Charitable Gift’ AnnuitiesMeanwhile, the SEC busted a $114 million Ponzi scheme involving driver safety technology.
August 06, 2015
Democratic Senator Criticizes DOL Fiduciary Rule as Hearings NearSen. Claire McCaskill of Missouri says she's worried about access to advice for small investors; Washington Analysis gives its prognosis for the rule.
August 06, 2015
How the DOL proposal could impact youInsights from NAFA's Chip Anderson at the 2015 Advisor Network Summit.
August 06, 2015
Lawmakers push for PPACA antidiscrimination regulationsRosa DeLauro says even HHS has been vague about Section 1557.