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.
State Regulator Blasts Arbitration Clause in RIA Contracts
By Marlene Y. SatterThe secretary of Massachusetts told the SEC on Wednesday to ban the use of mandatory pre-dispute arbitration clauses in the contracts of RIAs, saying that such clauses may not be in the best interests of clients.
February 13, 2013
FINRA Warning on BDCs Doesn’t Stop Market Vectors’ ETF DebutDespite FINRA's January warnings on high-risk business development companies, Market Vectors has launched the first-ever ETF to offer pure-play BDC exposure.
February 12, 2013
FINRA Up to Its Old Tricks With SRO Strategy ShiftFINRA's apparent strategic shift over an SRO for advisors to the Senate is the latest in a series of moves it's made over the decades to protect the brokerage model.
February 07, 2013
SEC Enforcement Roundup: Husband and Wife Charged in Charity Fraud Against SeniorsAlso among recent enforcement actions was the sentencing of an insider trading informant who managed to avoid prison time for his cooperation.
February 07, 2013
TD’s Schweiss Keeps Tabs on Hot-Button Regulatory IssuesFar from dying on the vine, the SEC fiduciary issue will remain in play, TD's Skip Schweiss says.
February 07, 2013
FINRA quietly shifts SRO efforts to SenateFINRA has set its sights on the Senate to push a bill that would give it the authority to become the SRO for advisors.
February 07, 2013
FINRA Shifts SRO Fight to Senate, as House Effort FaltersWith the House unlikely to pursue an SRO bill this year, FINRA has set its sights on the Senate to push a bill that would give FINRA the authority to become the SRO for advisors.
February 06, 2013
S&P Lawsuit Raises Questions About Feds’ MotivationsQuestions are being raised as to why only S&P is targeted in the suit, since it could be said that Fitch and Moodys assigned inflated ratings as well.