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.
HHS OIG: Many Nursing Homes Lack Serious Disaster Plans
By RICARDO ALONSO-ZALDIVAR, Associated PressInvestigators call for feds to replace recommendations with specific planning and training requirements.
April 13, 2012
Bachus to Introduce SRO Redraft Early Next Week: Industry OfficialsHouse Financial Services Chairman Spencer Bachus (left), R-Ala., plans to introduce a redraft of his bill calling for a self-regulatory organization for advisors early next week, according to three top industry officials in Washington.
April 12, 2012
FINRA, SEC Fine Goldman $22M for ‘Trading Huddles’The firm settled over failure to supervise research analysts who met with traders and clients, and to monitor possible subsequent firm and client trading, said FINRA's head of enforcement, Brad Bennett.
April 12, 2012
SEC Fraud Cases: ‘Next Google’ IPO; China Market Manipulation; Florida Ponzi PlayIn Silicon Valley, a fake IPO fleeces investors for $7 million, and in Florida, an advisor targeting gays over-promises and under-delivers
April 12, 2012
Bachus to Introduce SRO Redraft Early Next Week: Industry OfficialsRep. Bachus' revised bill comes despite economic analysis saying SRO would cost twice as much as funding the SEC.
April 12, 2012
FINRA Proposes New Way to Expunge Names of Reps in ArbitrationsRegistered reps who are involved, but not named, in customer-initiated arbitration cases may have a new means of clearing those allegations, if proposed new rules go into effect. Comments due May 21.
April 10, 2012
Fierce Opposition to Labor Department’s Fiduciary ProposalAs comments from the House committee hearing over the redefinition make clear, opposition to the DOLs redefinition of fiduciary is bipartisan and fierce.
April 10, 2012
IRS Targeting Smaller Businesses--Here's How to Fight Back (Forbes)The IRS is also targeting households with income over $1 million; audits increased 156% from 2008 to 2011.