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.
FSI to FINRA: This Is the Wrong Time for Higher Fees
By Dale BrownPart of FSIs engagement with FINRA is to let them know when they have gone too far. That is clearly the case with the substantial fee increases the organization has proposed for broker-dealers and financial advisors, increases that would hit small firms the hardest.
July 24, 2012
Broker Suitability Rule Takes EffectA new FINRA rule on suitability of recommendations by brokerages and brokers to customersand to prospective customerstook effect on July 9, and with it come a number of issues of which firms and advisors alike need to be aware.
July 24, 2012
Borzi on the Hot Seat, AgainPhyllis Borzi is once again feeling heatthis time from House Democratsover her insistence on including individual retirement accounts (IRAs) in the Department of Labors reproposed fiduciary rule.
July 24, 2012
SEC, NASAA Tell Small Businesses: Wait to Join the ‘Crowd’The SEC and state regulators are warning small businesses and entrepreneurs to hold off on crowdfunding.
July 23, 2012
FSI Urges SEC: Don’t Let FINRA Raise FeesDale Brown worries about humongous compliance costs; group concerned over timing, context and size of fee increases.
July 23, 2012
Prosecutors, regulators close to making Libor arrests (Reuters)The charges would be in addition to regulators efforts to fine major banks, and could show the alleged activity was not rampant at the lenders.
July 20, 2012
Critics Slam SEC’s Municipal Advisor Plan in Dodd-Frank HearingOne expressed concern with the proposed rule is that it defines municipal advisor too broadly.
July 20, 2012
How did Canadians become richer than Americans? (The Week)One theory on how Canada pulled ahead of the U.S. is that for the last 20 years, Canada has pursued a hardheaded (even ruthless), fiscally conservative form of socialism.