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.
New rules for IRA rollovers coming
By Allen GreenbergThe DOL is likely to hold broker-dealers who chase IRA rollovers to the same fiduciary standards that retirement advisors must meet.
October 16, 2014
DOL Advisor Crackdown Is ‘Out of Control’: Benefits LawyerThe DOL conducted more than 3,600 audits of qualified retirement plans last year. Settlements related to violations totaled $1.7 billion in plan reimbursements and fines.
October 15, 2014
Wells Fargo Compliance Officer Altered Doc After Insider Trader Slipped Through Cracks: SECDocument was changed to cover mistakes in reviewing brokers illegal Burger King trades, SEC says.
October 15, 2014
RIA Assets Jumped 12.6% in 2014: IAA/NRS StudyRegulatory assets held by advisors registered with the SEC increased by $6.9 trillion from last year, according to an analysis of filings.
October 14, 2014
Federal agencies pan PPACA employee counting rulesOPM officials tell them they have to set a good example for private-sector employers.
October 14, 2014
Rep. Garrett to FINRA: Hold Off on CARDSAfter a preliminary reading of the proposed rule, I remain far from convinced that this new, costly and burdensome proposal is needed, Rep. Garrett says.
October 14, 2014
The Bizarre Recruiting Case of Alfonso MontoyaA $150 million book of business Wells Fargo promised him never materialized and then the wirehouse took him to arbitration.
October 10, 2014
Fiduciary September and What’s PossibleWhat we learned during Fiduciary September from John Bogle, John Taft, Barbara Roper, Troy Paredes and Robert Plaze.