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.
Canellos Departs SEC, Leaving Ceresney to Lead Enforcement
By James J. GreenAs was expected, the co-director of Enforcement will leave agency after 4 1/2 years, leaving Chairwoman Whites longtime lieutenant to lead the division.
January 02, 2014
Nuns take contraceptive mandate to High CourtThe Christian Brothers Employee Benefit Trust, the administrator, serves about 500 religious groups.
January 02, 2014
Advisors brace for more exams, ‘game changer’ on horizonAdvisors anticipate the arrival of fiduciary advice rules, and will watch for user fees bill, money-market and target-date fund rules.
December 27, 2013
One Month and Counting Till Tax Time: IRSReturns for 2013 cant be filed until Jan. 31, giving taxpayers time to review recent tax changes with advisors, accountants and attorneys.
December 27, 2013
FINRA Floats System to Automatically Flag Problems With Broker Sales PracticesRegulator seeks comments on proposed CARDS system that would gather data from firms and send to FINRA before conducting onsite exams.
December 26, 2013
What Goes Up: 4 Trends That Will Affect Advisors in 2014What likely won't happen: another 25% rise in the stock market. What likely will happen: further advances in advisor tecchnology, a bigger focus on Obamacare and regulation. As for the CFP Board...
December 23, 2013
Advisors, Gear Up for a ‘Difficult Filing Season’Tax experts warned advisors to be aware of the 57 federal tax provisions that expired at year end, which include the deduction for state and local sales tax, the above-the-line deduction for tuition and tax-free distributions from IRAs for charitable purposes.
December 23, 2013
DOL Seen as First Mover on FiduciaryThe SEC will let the DOL move first in releasing its fiduciary redraft, which the DOL said wont come until August, two industry officials predicted.