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.
SEC’s Gallagher, Aguilar to Depart as Agency Crafts Fiduciary ‘Term Sheet’
By Melanie WaddellTwo commissioners are planning to exit as the agency drafts a term sheet on what a fiduciary rule should look like.
May 15, 2015
Forget Fiduciary: Real Battle Coming Over HarmonizationSEC "hasnt been doing its job for a long time," MarketCounsel CEO Brian Hamburger says, and the DOL fiduciary controversy obscures a bigger fight ahead.
May 14, 2015
Nationwide settles claim it manipulated fund orders for 15 yearsNationwide agreed to pay $8 million to end the case, the U.S. Securities and Exchange Commission said Thursday.
May 14, 2015
SEC Fines Nationwide $8M for Delaying Mailed Customer OrdersFor more than 15 years, Nationwide intentionally delayed delivery of untracked mail containing orders from customers, SEC says.
May 14, 2015
Is Fiduciary Sales an Oxymoron?DOL and SEC need to make the distinction between sales and advice clearand stop letting anyone other than an RIA call themselves an advisor.
May 14, 2015
New Hire Roundup: SEC Names Grim Director of Investment ManagementMeanwhile, Merrill has created a retirement income and investment team and a Mercatus fellow has been named chief economist for House Financial Services.
May 13, 2015
IRS sets 2016 HSA limitsThe IRS quietly announced that it is raising the maximum allowable contribution to an HSA but only for families.
May 13, 2015
Top GOP Senators Press DOL to Extend Fiduciary Comment PeriodMajority Leader Mitch McConnell and HELP Committee leader Lamar Alexander were among those sending the letter asking for a 45-day extension.