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.
Advisors May Still Lose Right to Earn Commissions on IRA Advice
By Dale BrownThe Department of Labor will likely issue a reworked version of its fiduciary proposal in late Q1 or early Q2, and concerns about its potential impact remain very real.
January 14, 2013
MetLife completes sale to GE CapitalMetLife started the selling process after the Fed believed the insurer was inadequately capitalized following a stress test.
January 11, 2013
What’s Behind FINRA’s Newfound Move on Disclosing Broker Bonuses?A cynical observer might think the impetus for the newly "fiduciary conscious" FINRA's proposed rulemaking was to discourage brokers from demanding bonuses when they switch broker-dealers.
January 11, 2013
The thrill of victory, the agony of defeatWhether you win a client or lose one, you should take it in stride, act like youve been there before and reach out to that next prospect.
January 11, 2013
Local regs key reason for severing client relationshipsManagers in the financial services sector say they would end client relationships over local regulatory requirements and their global consequences.
January 11, 2013
FINRA-Ordered Restitution Saw Big Jump in 2012The jump, to $34 million in 2012 from $19.4 million in 2011, was one highlight of FINRA's recently released annual review.
January 11, 2013
Top 7 Biggest Bank FinesAdvisorOne finds that all of the biggest bank penalties have been levied in the last 10 years, with most of them since the financial crisis started in 2008.
January 10, 2013
SEC, FINRA Enforcement Roundup: Shareholder Suit Against UBS ReinstatedIn recent enforcement news, an appeals court reinstated a suit against UBS subsidiaries by two Puerto Rico-based pension funds over a $757 million bond purchase.