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.
First Investor Protection Test for SEC’s White: FINO Over Fiduciary?
By Knut A. RostadThe Institute for the Fiduciary Standard argues that SEC assumptions would usher in the era of the FINOfiduciary in name only.
April 15, 2013
SEC, DOL must collaborate on ‘overlapping’ IRA fiduciary standards: attorney MasonThe two agencies are "constrained by and must follow very different statutory mandates," says Tittsworth of IAA.
April 15, 2013
Trader Caught in Apple Stock ScamThe SEC on Monday charged a former employee at a Connecticut-based brokerage firm with placing unauthorized orders to buy nearly $1 billion in Apple stock, ultimately causing the firm to cease operations.
April 15, 2013
SEC, DOL Must Collaborate on ‘Overlapping’ IRA Fiduciary Standards: Attorney MasonThe failure of the SEC and DOL to collaborate on their overlapping fiduciary rules on IRA advice will render the SECs current cost-benefit analysis worthless, says Kent Mason of Davis & Harman.
April 12, 2013
Firm Accused of Bilking NFL, NBA PlayersFINRA said Thursday that it had levied a temporary cease-and-desist order against Success Trade Securities and its CEO for fraud involving 58 investors, many of them current or former NFL and NBA players.
April 12, 2013
Ex-KPMG Partner Accused of Trading Insider Tips for ‘Bags of Cash and a Rolex’The SEC on Thursday charged the former partner in charge of KPMGs Pacific Southwest audit practice and his friend with insider trading.