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.
Borzi: DOL to offer new version of fiduciary rule in "several months"
By Melanie WaddellThe Department of Labor plans to repropose its controversial rule to amend the definition of fiduciary under ERISA in several months, Phyllis Borzi said on Friday.
December 07, 2012
Borzi: DOL to Offer New Version of Fiduciary Rule in ‘Several Months’The DOL plans to repropose its controversial rule to amend the definition of fiduciary under ERISA in several months, Phyllis Borzi the DOLs EBSA, told AdvisorOne on Friday.
December 07, 2012
Stadion Offers TDFs With ERISA 3(38) ProtectionStadion Money Management, an asset manager based in Watkinsville, Ga., announced Tuesday that it is offering ERISA 3(38) fiduciary management on its target-date funds.
December 07, 2012
SEC, FINRA Enforcement Roundup: Insider Trading Ring Busted; Raymond James HitAmong recent actions taken by the SEC and FINRA were the breakup of an insider trading ring; Raymond James getting fined and censured; and proceedings over securities law violations by the Big Four accounting firms' China affiliates.
December 06, 2012
CFA’s Roper Calls Claim She Bullied Schapiro ‘Absurd’A Wall Street Journal editorial says because SEC's Schapiro was quaking in fear of Roper, she killed a Commission rule to lift ban on hedge fund, other private placement advertising.
December 05, 2012
IRS completes health research fee regulationsSelf-insured plan sponsors can use any reasonable method to count average covered lives.
December 05, 2012
As Schapiro’s Departure Nears, Other SEC Execs ResignWithin the last two days, three top executives at the agency have announced their planned departures: Robert Cook, Meredith Cross and Mark Cahn.
December 04, 2012
SEC will pursue Fiduciary Rule in 2013The SEC plans to move forward next year with a uniform fiduciary standard rule for advisors and brokers when providing personalized investment advice.