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.
SEC’s Gallagher Challenges Idea of FINRA as Advisor SRO
By Melanie WaddellShould FINRA be seeking to branch out into entirely new fields of responsibility, such as regulating investment advisors? a commissioner asks.
October 03, 2012
Under shadow of Volcker Rule, AIG looks to sell thriftAmerican International Group plans to sell its savings and loan out of concerns around restrictions imposed by the so-called Volcker rule, not federal regulation.
September 27, 2012
SEC, FINRA Enforcement Roundup: Merrill Slapped With $500,000 FineRecent FINRA actions include a $500,000 fine against Merrill Lynch for failing to file required reports, and a joint action with the SEC and the exchanges against Hold Brothers.
September 27, 2012
Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play ViolationsSEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.
September 26, 2012
HighTower Advisors: The New Face of Fiduciary?Does any advisor have "zero conflicts of interest?"
September 25, 2012
SEC Fiduciary Rule Stalled—But for How Long?A fiduciary rule from the SEC looks to be years away.
September 25, 2012
‘Wall Street, We’ve Got a Problem,’ Says Wall StreetWho thinks Wall Street has a reputation problem and that increased regulation is needed to restore trust in the financial services industry? Wall Street, thats who.
September 24, 2012
As Congress Keeps SEC Budget Flat, SRO Specter Still LurksBefore breaking for recess, Congress passed early Saturday a continuing resolution that would nearly flat-line the SEC's budget, renewing worries that a House bill calling for an SRO for advisors will be revived next year.