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.
Schwab Launches Compliance Solutions Program
By Melanie WaddellThe program combines capabilities of Schwab Designated Brokerage Services and Compliance 11 to help untangle and monitor regulatory and trading issues.
November 16, 2012
SEC Keeps Up Blistering Pace of Enforcements Against Advisors, BDs in 2012The SEC filed 147 enforcement actions against advisor and investment companies in 2012, one more than last years record number, and the number of actions this year against BDs jumped significantly.
November 16, 2012
SEC Enforcement Roundup: BP to Pay Third Largest Penalty in SEC HistoryAs part of the $4.5 billion settlement with the U.S., BP admitted to misleading investors about the rate of the oil flow in the Deepwater Horizon disaster in the Gulf of Mexico in 2010.
November 15, 2012
BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge PenaltyBritish oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SECthe third largest penalty ever assessed by the SECover the oil spill in the Gulf of Mexico.
November 15, 2012
SEC socks MassMutual with $1.6 million VA penaltyThe SEC charged the insurer for failing to sufficiently disclose the potential negative impact of a "cap" on complex variable annuity products.
November 15, 2012
FINRA Boosts Transparency in TBA MarketFINRA has begun disseminating transaction information for the TBA market, which represents more than $270 billion traded on an average daily basis in 8,400 trades.
November 15, 2012
SEC Socks MassMutual With $1.6 Million VA PenaltyThe SEC on Thursday charged Massachusetts Mutual Life Insurance Co. with securities law violations for failing to sufficiently disclose the potential negative impact of a cap it placed on a complex investment product that investors were planning to use for retirement.
November 14, 2012
SEC, DOJ Release Foreign Corrupt Practices Act GuideThe Securities and Exchange Commission and the Department of Justice released Wednesday A Resource Guide to the U.S. Foreign Corrupt Practices Act, a 120-page guide providing a detailed analysis of the U.S. Foreign Corrupt Practices Act and closely examines the SEC and DOJ approach to FCPA enforcement.