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.
Does fiduciary coverage for rollovers lie ahead?
By Melanie WaddellThe GAO said the DOL and IRS should reduce the waiting period to roll over into a 401(k) plan and improve the asset verification process.
April 01, 2013
White Pledges to Weigh Cost of Fiduciary Rule as Ketchum Revives SRO FightJust as incoming Securities and Exchange Commission (SEC) Chairwoman Mary Jo White has pledged to lawmakers that she would carefully weigh the costs of a fiduciary rulemaking, Richard Ketchum, CEO of the Financial Industry Regulatory Authority (FINRA), is renewing his call for a self-regulatory organization to oversee advisors.
March 29, 2013
SEC, FINRA Enforcement Roundup: Hedge Fund Analyst, 2 Friends Charged With Insider TradingAmong other recent actions were sanctions and fines for HSBC and Scottrade.
March 29, 2013
Former Morgan Keegan Fund Directors Settle With SECThe Regions Morgan Keegan Funds were charged by the SEC with overstating the value of their securities as the housing market was collapsing in 2007.
March 28, 2013
One Advisor, Two Trials: Does News on One Taint the Other?The SEC told a judge in Boston on Tuesday that a news release it issued on an advisor accused of a fake hedge fund scheme would not taint the advisor's separate criminal trial on a tax matter.
March 28, 2013
Black Caucus Members Balk at DOL Fiduciary RuleThe Congressional Black Caucus is warning the DOL that its plan to extend ERISAs fiduciary standard to IRAs will hurt African-American savers.
March 27, 2013
Top 12 Tax Scams: IRS’ Dirty Dozen for 2013The IRS is onto these fraudsters, from sophisticated computer scammers to opportunists posting fliers on church bulletin boards.
March 27, 2013
Final Days for Advisors to Voice Fiduciary Attitudes and PracticesAs the fiduciary debate returns to front burner, this is the last week for advisors to share their opinions and actions on the third annual fiduciary survey by AdvisorOne and fi360.