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.
Barbara Roper, Investor Watchdog: The 2014 IA 25 Profile
By Savita Iyer-AhrestaniBusiness as usual on Wall Street is bad news for investors, according to the director of investor protection for the Consumer Federation of America.
April 30, 2014
Thomas Perez, DOL’s Cautious Fiduciary Advocate: The 2014 IA 25 ProfileLabor Secretary Thomas Perez is being credited with re-energizing the DOLs bid to amend the definition of fiduciary under ERISA. But he's proceeding carefully.
April 30, 2014
SEC Halts IRA Scam That Cost Investors $22 MillionUtah-based retirement plan administrator hid losses and allegedly used forged letters and signatures to funnel client money into high-risk investments, the SEC says.
April 29, 2014
LinkedIn compliance program offers SEC, FINRA helpHearsay Social and Smarsh are among the certified compliance partners.
April 29, 2014
SEC’s White Pleads for Advisor Exam Funds; Rep. Waters ‘Pushing Hard’ for User Fees BillIn 2004, the SEC had 19 examiners per trillion dollars in investment advisor assets under management, says White. Today, we have only eight.
April 29, 2014
Andrew Ceresney, SEC’s Enforcer: The 2014 IA 25 ProfileAndrew Ceresney says keeping up with the increased complexity of wrongdoing is among the biggest challenges for the enforcement division at the SEC.
April 28, 2014
Stop IRA Rollovers ‘Immediately,’ Expert Warns After Tax RulingIRA guru Ed Slott is warning advisors to notify their clients of the recent tax court ruling that says IRA holders can do only one IRA-to-IRA rollover per year, which runs counter to the IRS interpretation of the tax code.
April 28, 2014
Fiduciary Debate Turns to Impact on InvestorsThe latest debate over whether the SEC and the Department of Labor should issue fiduciary rules this year recently turned to whether investors could be harmed by DOL's rulemaking, or harmed by the lack of such a rulemaking by the SEC.