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.
New Hire Roundup: Beale, Kayajanian Join Security Benefit; DOL Picks New ERISA Council Members
By Marlene Y. SatterThis week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.
December 14, 2012
Sale of MetLife bank given the green lightMetLife has been given approval by federal regulators to sell its bank to GE Capital, a transaction likely to occur early next year.
December 14, 2012
As fiscal cliff nears, Democrats have public opinion on their sideU.S. adults say Obama is more serious about making a deal than Republican lawmakers are.
December 13, 2012
Poll Results: As SEC’s Schapiro Steps Down, Advisors Speak UpOur AdvisorOne survey found some sentiment for Sallie Krawcheck, but gave regulators overall poor marks for protecting consumers and providing a level playing field.
December 13, 2012
SEC Enforcement Roundup: Hedge Fund Manager Fined $44 Million in China SchemeAmong recent enforcement actions taken by the SEC were charges against a Miami-based entrepreneur for defrauding investors.
December 13, 2012
FINRA Clarifies ‘Customer’ and ‘Investment Strategy’ Terms Under Suitability RuleFINRA on Tuesday clarified what the terms customer and investment strategy mean under its suitability rule, which became effective on July 9.
December 12, 2012
Vow to Fight SEC Charges From Ex-Morgan Keegan Fund DirectorsEight former independent directors, who were charged by the SEC with overstating the value of their securities as the housing market was collapsing in 2007, say they will vigorously contest the charges.
December 12, 2012
In Giving Season, Reminders From IRS; Guidance From CFP BoardTimely reminders on smart client giving during the holiday season include IRS rules and suggestions from the CFP Board's Consumer Advocate Eleanor Blayney.