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.
Playing With Fire: CCOs and Lawyers Who Got Burned by Regulators
By Melanie WaddellAfter analyzing disciplinary actions taken by the SEC and FINRA against CCOs and in-house counsel from June 2011 through June 2012, Sutherland found a slew of violations.
October 10, 2012
IRS’ Top 10 Richest Nonprofit CharitiesMore than 315,000 nonprofit charities reported nearly $2.5 trillion in assets for tax year 2008, according to the IRS, with universities and large hospitals dominating the top 10.
October 10, 2012
Oct. 15 Deadline Looms for 11 Million TaxpayersAutomatic extensions to file and in some instances pay income taxes expire Oct. 15, though some taxpayers will have more time.
October 09, 2012
IRS Deadline to Switch IRA Back From Roth LoomsThe deadline is set for Oct. 15, the same deadline for taxpayers who were granted an extension to file.
October 09, 2012
Can Advisors Have ‘Zero’ Conflicts of Interest? The Legal and Regulatory RecordThe CFP Boards director of investigations makes the case that there is no such thing as zero conflicts of interest and that the nature of material conflicts of interest is subject to change.
October 08, 2012
SEC’s Gallagher Challenges Idea of FINRA as Advisor SROShould FINRA be seeking to branch out into entirely new fields of responsibility, such as regulating investment advisors? a commissioner asks.
October 05, 2012
SEC Charges Four Brokers With Overcharging Customers $18.7 MillionThe SEC charged four brokers who formerly worked on the cash desk at a New York-based BD with using hidden markups and markdowns and secretly keeping portions of profitable customer trades.
October 05, 2012
DOL, SEC Enforcement Roundup: 401(k) Trustees Sentenced for EmbezzlementThe DOL and the SEC took action recently on a number of cases that included embezzlement and breach of fiduciary duty, illegal tips on M&As, failure to protect confidential information and fraud.