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 Issues Mutual Fund Prospectus Guide, Delays Annuity Summary Plan
By Melanie WaddellThe SEC says mutual fund summary prospectuses should be three to four pages long and written in plain English.
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.
July 01, 2014
White House Getting Involved With DOL Fiduciary RedraftThe White Houses National Economic Council will be performing industry outreach regarding the DOL's fiduciary redraft, according to industry officials.
June 30, 2014
SEC Charges Wedbush Securities With Violating Market Access RuleThe Securities and Exchange Commission announced charges in early June against Los Angeles-based Wedbush Securities Inc. and two officials accused of violating the agency's market access rule that requires firms to have adequate risk controls in place before providing customers with access to the market.
June 30, 2014
Cybersecurity: The SEC’s Critical InitiativeHere are some questions to be prepared for in an SEC exam and some things to keep in mind when making cybersecurity policies.
June 30, 2014
High Court issues narrow Hobby Lobby birth control rulingClosely held corporations have religious rights for contraceptives but maybe not for vaccinations.
June 30, 2014
FINRA Unveils Trade Prices in $1.5 Trillion Private-Bond MarketInvestors have access to public price information in the $1.5 trillion market for privately sold corporate bonds beginning today.
June 27, 2014
Watchdog Suing for Easier Access to Nonprofits’ Tax FormsA judge ruled against the IRS' motion to dismiss a lawsuit by an advocacy group aiming to make nonprofits' Form 990s more accessible.