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.
FSI Urges SEC: Don’t Let FINRA Raise Fees
By James J. GreenDale Brown worries about humongous compliance costs; group concerned over timing, context and size of fee increases.
July 20, 2012
How did Canadians become richer than Americans? (The Week)One theory on how Canada pulled ahead of the U.S. is that for the last 20 years, Canada has pursued a hardheaded (even ruthless), fiscally conservative form of socialism.
July 20, 2012
Resolved: FINRA Should Review These 10 Outdated RulesFINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.In response to the GAO recommendation,
July 19, 2012
IRS Guidance on $2,500 Health FSA Cap Update for 2013; IRS & Legislation May Change Use It Or Lose It RuleIRS Notice 2012-40 deals with the $2500 cap imposed by health care reform under 125(i) of the Internal Revenue Code on employee salary deferrals to a health FSA in 2013 and thereafter.
July 19, 2012
IRS Guidance on $2,500 Health FSA Cap Update for 2013; IRS & Legislation May Change Use It Or Lose It RuleIRS Notice 2012-40 deals with the $2500 cap imposed by health care reform under 125(i) of the Internal Revenue Code on employee salary deferrals to a health FSA in 2013 and thereafter.
July 19, 2012
SEC, DOL Enforcement Roundup: CDO Woes, Short-Selling Brothers, Amish FundRecent actions by the SEC and DOL included fines of $127.5 million for a securities firm over false CDO credit ratings and $14.5 million for two short-selling brothers, along with deferred prosecution for an Amish fund.
July 18, 2012
DOL to Offer Tool to Help Plan Sponsors Seek Fiduciary Relief Under 408(b)(2)The EBSA announced Wednesday that it will provide a Web-based tool for plan sponsors who wish to obtain fiduciary relief when a service provider fails to provide proper fee disclosures under the 408(b)(2) rule.
July 18, 2012
Fate of Dodd-Frank Likely Rests in Election ResultsWith the two-year anniversary of the passage of the Dodd-Frank Act on July 21, industry officials are weighing in on the laws progress.