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 Keeps Up Blistering Pace of Enforcements Against Advisors, BDs in 2012
By Melanie WaddellThe 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 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.
November 14, 2012
What’s Next for IRS and Tax Planning? Commissioner’s Remarks Offer Some HintsDouglas Shulmans farewell speech at AICPA conference suggests what advisors and clients may expect from the IRS in the near future.
November 13, 2012
Bruce Bent Cleared in SEC Fraud ChargesBruce Bent, founder of the first money market fund, was cleared of fraud charges Monday after the SEC alleged that he deceived investors leading up to the Primary Reserve Fund breaking the buck.
November 13, 2012
FINRA keeping busy with enforcing annuity sales misdeedsThe Financial Industry Regulatory Authority has been actively enforcing all manner of annuity transaction misdeeds nationwide.