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 ‘Seriously Considering’ Simpler VA Prospectus
By Melanie WaddellInvestor demand for an alternative to the 150- to 300-page VA prospectus remains strong, according to a just-released survey by the IRI, and the SEC is seriously considering approving shorter documents.
June 21, 2012
SEC, FINRA, DOL Enforcement Roundup: Investment Advice From the HeavensRecent enforcement actions included an astrology-based Ponzi scheme, along with fines for Morgan Keegan, Edward Jones and Janney Montgomery Scott.
June 21, 2012
SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still pose a significant risk to the nations economy.
June 21, 2012
Advisors Beware: SEC’s Large Trader Rule Could Ensnare YouAdvisors who think compliance with the SECs large trader rule begins and ends with an ID number should think again.
June 20, 2012
SEC Directs Securities Exchanges to Adopt New Listing Standards on Pay CommitteesThe SEC approved Wednesday a rule that directs national securities exchanges to adopt listing standards for public company boards of directors and compensation advisors.
June 19, 2012
SEC’s Rominger to Retire in JulyThe director of Investment Management spoke about the importance of full disclosures in variable annuities in November.
June 19, 2012
SEC’s Rominger to Retire in JulyThe director of Investment Management spoke about the importance of full disclosures in variable annuities in November.
June 19, 2012
Fed Action on MetLife Sends Stock SoaringMetLifes stock price soared more than 5% today as a result of a decision by the Federal Reserve Board to give MetLife more time to resubmit a capital plan that failed a stress test in March.