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’s Plaze Defends Need for Money-Market Fund Reforms
By Melanie WaddellMoney-market fund reform is one of the areas of unfinished businesses leftover from the 2008 financial crisis, Robert PLaze told mutual fund directors at their annual policy conference.
June 15, 2012
IRS Rules on Key Point on 401(k) VestingThe agency weighs in on how breaks in service affect a participants vesting in a 401(k) plan.
June 15, 2012
SEC’s Rominger, Director of Investment Management, to Retire in JulyEileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere. Her practical insights and steady leadership served investors well, said SEC Chairwoman Mary Schapiro.
June 15, 2012
SEC Names Butler to Head New Office of Credit RatingsThe SECs Office of Credit Ratings was created by the Dodd-Frank Act and is responsible for overseeing the nine registered Nationally Recognized Statistical Rating Organizations (NRSROs).
June 15, 2012
DOL Enforcement Roundup: Two Accused of Misusing Pension FundsThe director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.
June 14, 2012
SRO Bill May See July Vote; SEC Gets Glint of Hope for Extra FundsDespite the fact that a late June markup of Rep. Spencer Bachus SRO bill was delayed, he still intends to move the bill forward through committee, says Dan Barry of FPA.
June 14, 2012
Waters Tries to Ice SRO BillLegislation has been proposed that would authorize the Securities and Exchange Commission to levy fees on investment advisors in order to pay for more diligent oversight of those registered as advisors.
June 14, 2012
GAO: IRS Needs to Plan Better for PPACAThe agency should decide who's going to review risk mitigation options, officials say.