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.
Resolved: FINRA Should Review These 10 Outdated Rules
By Brian Rubin, Deborah Heilizer and Susan KrawczykFINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.In response to the GAO recommendation,
July 19, 2012
SEC, DOL Enforcement Roundup: CDO Woes, Short-Selling Brothers, Amish FundRecent actions by the SEC and DOL included fines of $127.5 million for a securities firm over false CDO credit ratings and $14.5 million for two short-selling brothers, along with deferred prosecution for an Amish fund.
July 18, 2012
DOL to Offer Tool to Help Plan Sponsors Seek Fiduciary Relief Under 408(b)(2)The EBSA announced Wednesday that it will provide a Web-based tool for plan sponsors who wish to obtain fiduciary relief when a service provider fails to provide proper fee disclosures under the 408(b)(2) rule.
July 18, 2012
Fate of Dodd-Frank Likely Rests in Election ResultsWith the two-year anniversary of the passage of the Dodd-Frank Act on July 21, industry officials are weighing in on the laws progress.
July 12, 2012
The Silver Lining Behind Increased RegulationA new wave of regulations has hit the financial services industry. Here's why that might be a good thing.
July 12, 2012
SEC, FINRA Enforcement Roundup: Doctors Fined for Insider TradingRecent actions also include fines for a medical device company accused of bribing the Mexican government and a suit filed by an investment company against breakaway brokers.
July 12, 2012
Royce Demands FIO Probe of NAICA senior member of the House Financial Services Committee this week asked the Federal Insurance Office to conduct a comprehensive review of the operations and structure of the National Association of Insurance Commissioners.
July 12, 2012
Royce Demands FIO Probe of NAICA senior member of the House Financial Services Committee this week asked the Federal Insurance Office to conduct a comprehensive review of the operations and structure of the National Association of Insurance Commissioners.