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.
Sale of MetLife bank given the green light
By Arthur D. PostalMetLife has been given approval by federal regulators to sell its bank to GE Capital, a transaction likely to occur early next year.
December 13, 2012
SEC Enforcement Roundup: Hedge Fund Manager Fined $44 Million in China SchemeAmong recent enforcement actions taken by the SEC were charges against a Miami-based entrepreneur for defrauding investors.
December 13, 2012
FINRA Clarifies ‘Customer’ and ‘Investment Strategy’ Terms Under Suitability RuleFINRA on Tuesday clarified what the terms customer and investment strategy mean under its suitability rule, which became effective on July 9.
December 12, 2012
Vow to Fight SEC Charges From Ex-Morgan Keegan Fund DirectorsEight former independent directors, who were charged by the SEC with overstating the value of their securities as the housing market was collapsing in 2007, say they will vigorously contest the charges.
December 12, 2012
In Giving Season, Reminders From IRS; Guidance From CFP BoardTimely reminders on smart client giving during the holiday season include IRS rules and suggestions from the CFP Board's Consumer Advocate Eleanor Blayney.
December 11, 2012
Even FCC thinks in-flight gadget bans are dumbMany of us have suspected it all along: The bans against using technical devices during take-off and landing don't have a lot of data to back them up.
December 11, 2012
Schapiro’s Senior Advisor, McHugh, Moves Over to Investment ManagementOne of SEC Chairwoman Mary Schapiros senior advisors, Jennifer McHugh, was named as senior advisor to Norm Champ, the director of the SECs Division of Investment Management.
December 11, 2012
DOL Proposes Streamlining Bankrupt Companies’ Plan DistributionsEBSA issued a proposed rule and a related class exemption designed to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies retirement plans.