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.
NASDAQ CEO Bob Greifeld Was MIA for Five Hours During the Facebook IPO Disaster (Business Insider)
By Staff WriterThinking he'd be needed in New York, Greifeld flew five hours on a flight that did not have a working armrest phone or Internet access.
June 06, 2012
SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-SponsorOpponents of Rep. Spencer Bachus bill calling for a SRO to oversee advisors had their hopes that the SEC would receive a boost in funding in order to thwart an SRO quashed on Wednesday.
June 06, 2012
Are Ketchum’s Arguments for SRO the Best FINRA Can Come Up With?My response to reading the FINRA chiefs testimony before Congress on advisor SRO: Really, dude?
June 05, 2012
Exclusive: Biggest SEC Enforcement Effort Is Advisor MisconductIn exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.
June 05, 2012
NAPFA: 8 Ways FINRA Oversight Will Hurt Indie AdvisorsNAPFA has sounded the alarm against House Financial Services Chairman Spencer Bachus bill calling for a SRO to oversee advisors.
June 05, 2012
FINRA Says Brookstone ‘Preyed on Elderly’ With Unsuitable CMOsFINRA hearing panel hits Brookstone, its CEO and a broker for $2.6 million in fines and restitution for fraudulent sales of packaged mortgages.
June 04, 2012
Greenberg Response to Fed AnswerLawyers for Maurice Hank Greenberg, former chairman and CEO of AIG, argue in a court filing that the Federal Reserve Bank did not have unlimited powers when it moved to aid AIG in late 2008 and that some of its actions breached its duty to AIG shareholders.
June 01, 2012
Nonbank SIFI “Dragnet” for Fed Supervision Targeted at Hill HearingMetropolitan Life Insurance Co., Americas, President William Bill Wheeler told a House panel in no uncertain terms that he does not believe insurers should be regulated like banks and warned against marketplace distortion should the final federal capital enhancement rules not be crafted well--or even if they are and insurers...