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.
Dimon on Volcker Rule
By Arthur D. PostalJPMorgan Chase Chairman Jamie Dimon acknowledged under intense questioning today that it is possible that the trades that led to a multi-billion dollar loss by the firm would have been banned if the so-called Volcker Rule had been in effect.
June 27, 2012
SEC Charges Falcone, Harbinger Capital With FraudThe charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.
June 27, 2012
FINRA and SEC Warn About Annuity RisksFINRA is looking closely at disclosure, suitability and yield-chasing practices associated with VAs.
June 26, 2012
Time’s Up on DOL’s 408(b)(2) DeadlineThe July 1 compliance date for the Department of Labors (DOL) final 408(b)(2) fee disclosure rule has finally arrived, and even though the final rule was a long time coming, covered service providers have been ramping up their compliance efforts for months.
June 26, 2012
SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-SponsorIndustry trade groups and consumer advocates opposed to House Financial Services Committee Chairman Spencer Bachus bill calling for a self-regulatory organization (SRO) to oversee advisors had their hopes quashed that the Securities and Exchange Commission (SEC) would receive a boost in funding in order to thwart an SRO.
June 26, 2012
The Heat Rises on FINRA as Advisor SROJust as a government watchdog is pressuring the Securities and Exchange Commission (SEC) to beef up its oversight of the Financial Industry Regulatory Authority (FINRA), Congress is mulling whether to give FINRA the power to oversee advisors.
June 26, 2012
Ex-EBSA Head Sees No Fiduciary Plan Before ElectionBrad Campbell, the former head of EBSA, predicted Tuesday that the DOL wont release its reproposed fiduciary rule until after the presidential election in November.
June 26, 2012
FINRA and SEC Warn About Annuity RisksFINRA is looking closely at disclosure, suitability and yield-chasing practices associated with VAs.