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.
DOL Fines Sherwin-Williams $80M for Tax Violations
By Melanie WaddellThe agreement comes after the departments EBSA investigated whether Sherwin-Williams, seeking to take advantage of tax breaks, improperly managed the plan.
February 19, 2013
FINRA fines ING firms $1.2M for poor email practicesThe FINRA enforcement alleges broad, systemic failures by ING firms to properly retain and review email correspondence.
February 19, 2013
FINRA Fines Five ING Affiliates $1.2M for Email ViolationsFINRA announced Tuesday that it had fined five affiliates of ING $1.2 million for failing to retain or review millions of emails.
February 15, 2013
MetLife says it’s no longer bank holding companyThe company said it received approval for the status change from the FDIC and Fed.
February 14, 2013
Fiduciary rulemaking under ‘serious consideration’The SEC chairwoman told the Senate Banking Committee Thursday that the SEC is giving serious consideration to its rule to put brokers under a fiduciary.
February 14, 2013
State Regulator Blasts Arbitration Clause in RIA ContractsThe secretary of Massachusetts told the SEC on Wednesday to ban the use of mandatory pre-dispute arbitration clauses in the contracts of RIAs, saying that such clauses may not be in the best interests of clients.
February 14, 2013
FINRA Warns on Bonds’ Duration RiskFINRA issued an alert Thursday underscoring the importance of a bonds duration risk in the current low-interest-rate environment.
February 14, 2013
SEC’s Walter: Fiduciary Rule Under ‘Serious Consideration’"I think this [rulemaking] should be a priority because it is a benefit to investors," Sen. John Tester of Montana told the chairwoman during a Senate Banking Committee hearing on Thursday. "You should push it."