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.
Fiduciary Rule to Snag BDs on IRA Rollovers
By Allen GreenbergThe DOL is likely to hold broker-dealers who chase IRA rollovers to the same fiduciary standards retirement advisors must meet, ERISA attorney Fred Reish says.
October 17, 2014
SEC, FINRA Enforcement: HFT Firm Charged With Manipulating Closing PricesIn another action, FINRA slapped TD Ameritrade for a recordkeeping failure.
October 17, 2014
IRS redesigns PPACA coverage notice draftsIn one change, officials have split advice for plans from advice for enrollees.
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.