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.
When SEC and FINRA Strike, Sometimes It Pays to Strike Back
By Melanie WaddellBDs and reps who sue regulators may be rewarded with dismissed charges and smaller fines.
July 30, 2012
To Thwart SRO, Rep. Waters Introduces User Fee BillAs she said she would, Rep. Maxine Waters, D-Calif., introduced on Wednesday the Investment Adviser Examination Improvement Act of 2012, which would allow the Securities and Exchange Commission (SEC) to collect user fees from advisors to fund their exams in lieu of a self-regulatory organization (SRO).
July 30, 2012
To Thwart SRO, Rep. Waters Introduces User Fee BillAs she said she would, Rep. Maxine Waters, D-Calif., introduced on Wednesday the Investment Adviser Examination Improvement Act of 2012, which would allow the Securities and Exchange Commission (SEC) to collect user fees from advisors to fund their exams in lieu of a self-regulatory organization (SRO).
July 30, 2012
When SEC and FINRA Strike, Sometimes It Pays to Strike BackA just-released annual study by Sutherland, Asbill & Brennan finds that sometimes it pays for reps and BDs to litigate against regulators instead of settling.
July 30, 2012
Robert Miller: Educating the SECRobert Miller has spent his one-year term as NAIFA president informing the SEC about the potential unintended consequences of a universal fiduciary standard. Will these efforts be enough to preserve commission-based compensation?
July 30, 2012
Robert Miller: Educating the SECRobert Miller has spent his one-year term as NAIFA president informing the SEC about the potential unintended consequences of a universal fiduciary standard. Will these efforts be enough to preserve commission-based compensation?
July 27, 2012
Consumer Group Rails Against House Passage of Red Tape Reduction ActThe Consumer Federation of America is up in arms over a bill the House passed Friday that halts most new regulations for two years or until the unemployment rate falls below 6%.
July 27, 2012
SEC, FINRA Enforcement Roundup: $268M Insider Trading Scheme BustedCharges of insider trading in a secondary stock offering, accounting violations and efforts by a phony company president to push a fake penny-stock investment were among enforcement actions taken by the SEC.