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 Charges ‘Tipper’ in SAC Capital Insider Trading Case
By Melanie WaddellAt SAC Capital, even the whistle-blower finds himself in the legal cross-hairs.
July 30, 2013
SEC’s White Pushing to Finish Fiduciary Proposal ‘Quickly’SEC Chairwoman Mary Jo White told lawmakers Tuesday that the agency is focused on completing rules covering fiduciary duty.
July 29, 2013
The Cost of a Fiduciary StandardA uniform fiduciary standard implemented by the Securities and Exchange Commission would cost brokers a total of $8 million in new compliance costs: $3 million to update their up-front disclosure documents and another $5 million for the initial build-out of compliance systems and training, according to the Securities Industry and...
July 29, 2013
Fiduciary Stumbling Blocks SurfaceSeveral potential stumbling blocks have surfaced in the past couple of months that could stymieor outright derailrelease of fiduciary rules by the SEC and DOL.
July 29, 2013
Compliance MattersSeveral notable compliance-related measures have been approvedor tabledby the Securities and Exchange Commission, Financial Industry Regulatory Authority and state securities regulators over the past couple of months that should be on advisors and brokers radar.
July 25, 2013
SEC, DOL Enforcement: Cohen’s SAC Capital Faces Criminal ChargesThe SAC Capital insider trading scandal featured in enforcement actions this week, along with SEC charges against the City of Miami and a DOL settlement with the trustee of a defunct garment companys pension plan.
July 25, 2013
Senate Panel Okays 33% SEC Budget Hike, Setting Up House TussleThe Senate Appropriations Committee approves 33% SEC budget increase, or $353 million, setting up a battle with the House, which only seeks a $50 million increase. At stake could be more RIA examiners.
July 25, 2013
AICPA attacks DOL fiduciary plan’s ESOP languageAICPA urges lawmakers to support bills that would ensure independent appraisers of ESOP are not designated as fiduciaries.