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.
FINRA Whacks Wells Fargo, Merrill Lynch $5M Over Unsuitable Floating-Rate Bank Loan Funds
By Melanie WaddellFirms were fined $2.15 million and ordered to pay $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds.
May 31, 2013
15 Best Finance Tweets of the Month: MayPIMCOs Bill Gross, Zero Hedge and others weigh in on Fed Chairman Ben Bernankes congressional testimony; Ron Rhoades tells us what he really thinks about FINRA; and more in your May dispatch from the Twittersphere.
May 30, 2013
SEC to push money fund reform plan next weekAs SEC Chairwoman Mary Jo White warned in early May, the agency is poised next week to propose further changes.
May 30, 2013
SEC to push money fund reform plan next weekAs SEC Chairwoman Mary Jo White warned in early May, the agency is poised next week to propose further changes.
May 30, 2013
SEC Enforcement: Oil Firm Busted for Bribing Iran Official; Goldman VP Settles Pay-to-Play ChargeAmong recent actions by the SEC were charges against a French oil and gas company for bribery and against a Dallas-based trader for front-running. Also, a former Goldman Sachs vice president agreed to settle earlier pay-to-play charges.
May 30, 2013
SEC to Push Money Fund Reform Plan Next WeekAs SEC Chairwoman Mary Jo White warned in early May, the agency is poised next week to propose further changes to money-market funds.
May 30, 2013
Michigan annuity producer sentencedA Williamsburg insurance agent was sentenced to serve 60 months in prison for defrauding elderly clients.
May 29, 2013
SEC, DOL approach fiduciary standard from different anglesThe long, drawn-out process could eventually lead to big changes.