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.
POGO Assails House Financial Services Committee's SRO Bill
By Arthur D. PostalIn a letter to the chairman and ranking minority member of the House Financial Services Committee, the Project On Government Oversight raised serious concerns about H.R. 4624, a bill that would authorize one or more SROs to oversee the investment advisor industry.
May 29, 2012
Why FINRA Is the Right SRO for RIAsFSI Chairman Joe Russo lays out the FSIs arguments for FINRA as the best SRO for RIAs, and says 75% of FSI advisor members concur with the group's position.
May 25, 2012
SEC Charges N.Y. Fund Manager in Fraudulent LP DealThe SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would purportedly maximize their profits but instead spent their money in unauthorized ways.
May 24, 2012
SEC, FINRA Enforcement RoundupBroker-dealer Cadaret, Grant fined; alleged $60 million Ponzi scheme targeted; Morgan Stanley in hotseat.
May 24, 2012
Hearing Set on SRO ProposalThe House Financial Services Committee will hold a hearing on either June 6 or 7 on proposed legislation that would establish a self-regulatory organization for investment advisors.
May 23, 2012
Who Writes a 51-Page Client Questionnaire?The Center for Plain Language honored good communicators with its ClearMark awards, but also extended its booby prize, the WonderMark award, for writing that could utterly confuse a reader.
May 22, 2012
The SEC Sure Isn’t Describing the Mark Spangler I KnowA cautionary tale or a rush to judgment? Why I'm giving the benefit of the doubt to the former NAPFA chairman.
May 22, 2012
Bachus Reintroduces SRO BillHouse Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.