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.
BlackRock says DOL rule against broker bias favors index funds
By Dave Michaels and Robert SchmidtThe plan questions whether there should be a broad exemption for sales of high-quality, low- fee investments, which BlackRock says would be index funds.
July 20, 2015
SIFMA, U.S. Chamber Barrage DOL as Fiduciary Rule Comment Deadline LoomsSIFMA, for its part, filed not just one comment letter but eight, along with two studies highlighting the fiduciary rule's challenges.
July 20, 2015
FINRA blasts DOL’s fiduciary redraft as ‘fractured, confusing’In its 21-page comment letter, FINRA tells DOL to modify its plan so that BDs do not abandon small accounts.
July 17, 2015
FINRA Blasts DOL’s Fiduciary Redraft as ‘Fractured, Confusing’In its 21-page comment letter, FINRA tells DOL to modify its plan so that BDs do not abandon small accounts.
July 17, 2015
SEC Awards $3M to Whistleblower Who Helped Crack ‘Complex Fraud’The whistleblowers specific and detailed information laid out a scheme that would have been very difficult to detect, the SEC said.
July 17, 2015
SEC Enforcement: Napkin-Eating Broker Settles; Ponzi Funds Used for PornAlso, a hedge fund manager admits to providing bad data, which affected recording of 552 million shares.
July 16, 2015
DOL Fiduciary Redraft Will Be Changed, Top Official SaysDOL is committed to fiduciary redraft but not wedded to any particular wording or text, says DOLs Hauser.
July 15, 2015
Yellen Upbeat on Economy Amid GOP AttacksYellen rejects more oversight of Fed as House Republicans criticize her.