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.
William Galvin: The 2013 IA 25 Extended Profile
By Melanie WaddellSince taking on an additional 139 advisors with $6.6 billion in assets under the Dodd-Frank switch, Massachusetts has been able to do what the Securities and Exchange Commission hasnt.
May 22, 2013
FINRA Inks Deal With Direct Edge, Gains Oversight of 90% of Equity Trading VolumeFINRA announced Wednesday that Direct Edge, the third-largest stock exchange operator in the U.S., has made a deal with FINRA to provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges.
May 21, 2013
FINRA’s Ketchum to SEC: Act Now on Fiduciary, or We’ll Make Our Own Disclosure RulesKetchum said, that without action, FINRA would look hard at issuing an additional disclosure rule with respect to broker-dealer firms.
May 21, 2013
Inexperienced Plan Sponsors Need a Little Love From Fund WebsitesFund firms managing employee retirement accounts make it needlessly difficult for plan sponsors to fulfill their fiduciary obligations, a new Dalbar study has found.
May 21, 2013
Most advisors view regulations in negative lightMore than 7 in 10 financial service sales professionals identify rigid legal, regulatory or oversight rules as the two top negative elements of their job, according to a new report.
May 21, 2013
FINRA Fines LPL $9M for Failing to Monitor EmailsFINRA announced Tuesday that it fined LPL for 35 separate, significant email system failures, and for making material misstatements to FINRA during its investigation.