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 Inks Deal With Direct Edge, Gains Oversight of 90% of Equity Trading Volume
By Melanie WaddellFINRA 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.
May 20, 2013
The Price of Everything: What’s the Value of Sound Advice?The SEC Regulatory Accountability Act is yet another attempt by the securities industry to shift attention away from the consumer protections of requiring brokers to put the interests of their clients ahead of their own, by focusing solely on the costs of doing so.
May 20, 2013
Bond Investors Must Prepare for Rate Spike: SEC’s WalterAt the FINRA conference, the former SEC chairwoman said that she continues to be disturbed by how the SEC has ignored the fixed-income market.
May 20, 2013
GOP hopes IRS scandal will snag PPACAThe head of IRS PPACA implementation efforts was the head of the tax-exempt division.