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.
Deflategate: One bad ethics decision is one too many
By Lynn Brackpool GilesGraying the edges of an ethical decision wont put most of us on the front page of every major newspaper, but it can create an unintentional pattern or consequence.
May 26, 2015
Deutsche Bank Hit With $55M SEC Fine for Misstating Financial ReportsDuring the financial crisis, Deutsche Banks financial statements did not reflect the significant risk in large, complex illiquid derivative positions, says SEC's Ceresney.
May 26, 2015
JPMorgan’s guilty plea puts wealth unit in spot with regulatorsJP Morgan needs the DOL's permission to keep managing money in the $8 trillion private pension market.
May 22, 2015
SEC, FINRA Enforcement: BHP Billiton to Pay $25M Over Olympics InvitesMeanwhile, FINRA has censured and fined EDI Financial Inc. for failing to have supervisory procedures in place for sales of private placements.
May 21, 2015
SEC Charges Atlanta Advisor With Defrauding Police, Firefighter Pension PlansFirm breached its fiduciary duty by selling unsuitable investments to pension funds for the citys police, firefighters and transit workers, the SEC says.
May 20, 2015
SEC Wants Big Form ADV ChangesThe SEC has approved a plan to require advisors to provide more data on separately managed accounts, branch offices and social media on Form ADV.
May 20, 2015
Taking stock of the DOL’s fiduciary rule proposalAbsent revisions to the DOL's proposal, the added burden could prompt an exodus of commission-based brokers.
May 19, 2015
NAIFA’s McNeely sees a ‘glimmer of hope’ on the fiduciary ruleA more informed reading of the existing product suitability standard should surmount the DOL's concerns, says McNeely.