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 delays annuity summary plan
By Melanie WaddellSEC issues mutual fund summary prospectus that should be three to four pages in length.
July 09, 2014
FSI poll: 90% of advisors oppose DOL fiduciary redraftNinety-one percent of advisors said they opposed the DOL redraft in FSIs 2013 poll.
July 09, 2014
DOL Fiduciary Redraft Opposed by 90% of FSI Advisors: FSI PollAdvisors say the DOL should not redefine fiduciary under ERISA, according to an FSI poll. Most advisors also think the GOP will win the Senate.
July 08, 2014
Rengan Rajaratnam Cleared of Insider-Trading ConspiracyRengan Rajaratnam, the brother of Galleon Group co-founder Raj Rajaratnam, has been found not guilty.
July 08, 2014
SEC Issues Mutual Fund Prospectus Guide, Delays Annuity Summary PlanThe SEC says mutual fund summary prospectuses should be three to four pages long and written in plain English.
July 03, 2014
What advisors can learn from YelpA perfect storm of consumer preference, technology advancements and regulatory enabling will unleash a cacophony of consumer feedback in the months ahead.
July 02, 2014
FINRA Enforcement: Goldman Fined $800,000 for Trade-Through FailuresIn other actions, Morgan Stanley was fined $100,000 on private wealth management failures.
July 02, 2014
SEC Issues FAQ on Proxy Voting for AdvisorsThe core of the proxy guidance is that "advisors have a fiduciary duty to vote proxies in the best interests of their clients, IAA says.