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 Names Drake as Chief Compliance and Ethics Officer for OCIE
By Melanie WaddellOCIE director Carlo diFlorio says Paula Drake will help OCIE with the continued advancement of the national examination program, including leading the critical legal function, developing our national examination policy manual, and overseeing our internal compliance team.
July 06, 2012
Fed Again Asks Court to Dismiss Greenberg SuitThe Federal Reserve Board of New York again asked a federal court in Manhattan to dismiss a lawsuit filed by Maurice Greenberg related to how the government provided financial aid to American International Group in 2008.
July 06, 2012
Fed Again Asks Court to Dismiss Greenberg SuitThe Federal Reserve Board of New York again asked a federal court in Manhattan to dismiss a lawsuit filed by Maurice Greenberg related to how the government provided financial aid to American International Group in 2008.
July 05, 2012
Court OKs Greenberg's $25B AIG Suit Against Federal GovernmentEx-AIG head Maurice "Hank" Greenberg prevails in his quest to sue the federal government for what he considers an unlawful taking of AIG in 2008.
July 05, 2012
SEC, FINRA Enforcement Roundup: FBI Hunts Fugitive AdvisorIn recent enforcement actions, an advisor on the lam who defrauded clients of nearly $40 million had his assets frozen by the SEC, and FINRA launched a pilot program for large arbitration cases.
July 05, 2012
Crowdfunding: What Could Go Wrong?Is the JOBS Acts embrace of crowdfunding a good idea? Is it what Congress meant to protect investors?
July 05, 2012
Brokers, Get Ready: Suitability Rule Set to Take EffectFirms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.
July 05, 2012
Can Brokers Get Justice From FINRA?Where does an advisor go to get his reputation back? That is the heart of a complaint of a former broker suing FINRA to expunge damaging allegations from his CRD that have kept him from the industry for two years.