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.
Kitces on Top 3 Topics for Advisors in 2013—Topic 1: Fiduciary and SRO
By Michael E. KitcesFirst up in an intense year for advisor regulation: movement from the DOL on its fiduciary rule.
January 07, 2013
FINRA Advances Bonus Disclosure Plan for BrokersFINRA fulfilled its promise to seek comments on its controversial plan to require brokers to disclose their pay packages.
January 07, 2013
SEC Names Aronow as General CounselGeoffrey F. Aronow replaces Mark Cahn, who left the agency last week.
January 04, 2013
GAO to IRS: Shift Taxpayer Exam PrioritiesCorrespondence exams of individual returns provide far more bang for the buck than broader and more complex field exams, the GAO found in a review.
January 03, 2013
SEC, FINRA Enforcement Roundup: Eli Lilly to Pay $29M to Settle Foreign Bribery ChargesThe SEC recently charged Eli Lilly for violations of the FCPA and barred an Arizona-based fund manager from the industry after the funds collapse. FINRA ordered Pruco Securities to pay $10.7 million.
January 02, 2013
BDs Bear Burden of New SEC Rules on Lost Security HoldersThe SEC approval, which was unanimous, requires broker-dealers to conduct searches for holders of securities with whom they have lost contact.
January 01, 2013
Federal court lets N.Y. benefits case move forwardFederal courts should put off looking at employer challenges to the birth control benefits mandate, because the U.S. Department of Health and Human Services (HHS) and other departments will be releasing new regulations designed to address religious employers objections by August 1, 2013, according to lawyers for the government.
January 01, 2013
IRS posts PPACA employer mandate draftRegulators hope to keep the "shared responsibility" rules from eliminating full-time employees.