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.
What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing
By David TittsworthWhat are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.
March 14, 2013
SEC, FINRA Enforcement Roundup: Phony Broker Charged for Soliciting $500MAmong recent actions by the SEC and FINRA were charges against a private equity firm, a former executive and an unregistered broker over some $500 million in improper investment solicitations.
March 14, 2013
FINRA Fines Jump in Suitability, Due DiligenceFines issued by FINRA last year totaled $78.2 million, a 15% jump from the $68 million levied in 2011, according to the law firm Sutherland Asbill & Brennan.
March 13, 2013
ESOPs: Great Tax-Wise for Business Owners, but Beware the DOLYour small-business-owning clients may be looking for ways to reduce or defer the taxes they will incur should they sell their business. An ESOP strategy can work well, but be wary of DOL inquiries.
March 12, 2013
Mary Jo White Commits to Reviewing Fiduciary CommentsMary Jo White told the Senate Banking Committee on Tuesday that she would commit to reviewing the request for public comment on the agencys fiduciary rule before releasing a proposal.
March 11, 2013
New Hampshire House to vote on Medicaid expansion banGov. Hassan says expansion could cut the number of uninsured to 71,000, from 170,000.
March 11, 2013
Mary Jo White to Focus on Fiduciary Issue at SECMary Jo White plans to testify before Senate Banking on Tuesday that regulating advisors and BDs is an "important" issue that she intends to focus on as SEC chairwoman.
March 11, 2013
SEC Charges Illinois With Pension Funding FraudThe SEC on Monday charged the state of Illinois with securities fraud for misleading municipal bond investors about the states approach to funding its pension obligations.