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.
KPMG to Pay SEC $8.2M to Settle Independent Auditor Violations
By Melanie WaddellKPMG broke auditor independence rules by providing prohibited non-audit services to affiliates of companies whose books they were auditing.
January 23, 2014
Staying SEC-Compliant on Books & Records: Electronic RecordkeepingFor your SEC compliance pleasure, a plain-English translation of the Advisers Acts requirements on how you should maintain your records and provide them to examiners.
January 23, 2014
SEC, DOL Enforcement: Big Four Accounting Firms Must Disclose China-Related RecordsMeanwhile, DOL wins a $10 million settlement in ESOP case and Massachusetts bars an advisor for fraudulent, unethical activities.
January 22, 2014
IRS puts off PPACA discrimination testingThe IRS started asking for comments on the rules in 2010.
January 17, 2014
SEC, FINRA, DOL Enforcement: $2 Million Restored to U.S. Postal Drivers’ 401(k)sMeanwhile, SEC announces settlements in penny stock shell packaging scheme and agency wins on front running, loses on insider trading in Illinois case.
January 17, 2014
Top 3 Issues Advisors Will Face in 2014, Part 2: The Fiduciary IssueResolution of the fiduciary rulemaking by DOL and the SEC is possible, but more definite is an increase in RIA exams.
January 16, 2014
Banned Stocks Held by SEC Employees Trigger Agency Ethics ReviewSEC attorneys are reviewing the stock holdings of about 3,400 employees after some New York staffers were found to own securities prohibited by ethics rules.
January 16, 2014
VP in Conflicts Office at J.P. Morgan Securities Barred for Leaking Inside InfoGutman had the keys to the kingdom through his position at J.P. Morgan as a gatekeeper with special access to material, nonpublic information, FINRA says.