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.
SEC, FINRA: Beware pension, settlement income stream deals
By Melanie WaddellIn a joint alert, investors were warned about what to do before buying or selling pension or settlement income streams.
May 10, 2013
IRS: Blues shouldn't put quality in MLR tax calculationsThe proposed regulations would affect use of a special nonprofit plan tax deduction.
May 10, 2013
SEC, FINRA: Beware Pension, Settlement Income Stream DealsIn a joint alert issued Thursday, the SEC and FINRA provide investors with information about what to do before buying or selling such rights and urge them to proceed with caution.
May 09, 2013
SEC Enforcement Roundup: Harrisburg, Pa., Charged With Securities FraudThe city was charged with making misleading public statements. Meanwhile, the SEC charged four traders with bribing a Venezuelan official.
May 09, 2013
NASAA Joins FINRA in Fight Against Schwab Class-Action RulingState securities regulators are throwing their support behind FINRA in its battle to overturn a decision by its hearing panel that allowed Charles Schwab & Co. to block customer participation in class-action lawsuits.
May 08, 2013
MSRB (Still) Awaits SEC Muni Advisor Rule; Plans EMMA 2.0Three years after passage of the Dodd-Frank Act, the Municipal Securities Rulemaking Board is still waiting for the SEC to issue its rule defining who is a municipal advisor.
May 08, 2013
FINRA Slams Three Firms for Anti-Money Laundering ViolationsFINRA announced Wednesday that it has fined three firms a total of $900,000 for failing to establish and implement adequate anti-money laundering programs and other supervisory systems to detect suspicious transactions.
May 07, 2013
SEC chief defends budget request to skeptical lawmakersSEC Chairwoman Mary Jo White told a House panel on Tuesday that the agencys $1.67 billion budget request for 2014 would help the agency fulfill one of its top priorities: adding 250 examiners for advisors.