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.
Fed wins AIG suit
By Arthur D. PostalA federal district court judge in New York today dismissed as not plausible a lawsuit alleging that the Federal Reserve Board acted against the interests of American International Group and its shareholders when it bailed out the company starting in September 2008.
November 30, 2012
Tom Giachetti’s 10 Blunt Compliance WarningsThe federal compliance picture: What SEC examiners want. The local compliance picture: State examiners "are not your friends."
November 29, 2012
SEC, FINRA Enforcement Roundup: Fund Execs First to Face Charges of Overvaluing AssetsThree top executives of KCAP Financial Inc., a New York-based publicly traded fund being regulated as a business development company, have been charged by the SEC with overstating the funds assets during the financial crisis.a complaint against the president and owner of a Polish-born brokerage firm for targeting the Polish...
November 29, 2012
FINRA to Mull Broker Compensation Disclosure RuleDecember Board meeting will consider several rule proposals and amendments, chief among them a proposal that would require broker-dealers to disclose compensation packages to customers.
November 28, 2012
Sen. Collins says Dodd-Frank amendment should lighten up on insurersCollins chimes in, as lobbyists had hoped, a day before a hearing on Basel III capital standards implementation.
November 28, 2012
Evans: Fed should keep rates low until unemployment hits 6.5 percentCiting a need for even more economic stimulus, the president of the Chicago Federal Reserve makes the case for continued near-zero interest rates.
November 26, 2012
Obama Names SEC’s Walter as Schapiro’s ReplacementWhile Elisse Walter, an SEC commissioner, was selected by President Obama to succeed Schapiro, industry officials speculated that Walter will serve as an acting chairman until the president selects a permanent chairman at a later date.
November 26, 2012
Court keeps PPACA challenge aliveLiberty University is challenging the constitutionality of coverage mandate provisions.