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.
SEC’s Schapiro Opposes Stopping Money Market Reforms
By Melanie WaddellDespite the deluge of comments opposing the SECs plans to soon issue a rule to further reform money market funds, SEC Chairman Mary Schapiro insisted Thursday that the funds still have structural flaws that must be addressed.
March 15, 2012
SEC Adds 130 Examiners for ‘Priority’ Areas: Exam Chief di FlorioCarlo di Florio, director of OCIE, told CCOs that the SEC has hired 130 new examiners over the last 18 months and that the agency is focusing on three 'priority' areas when it comes to advisory firms.
March 15, 2012
What’s Behind Congressional Freeze on SEC Funding?In part one of a two-part series on the Bizarro World inside the beltway, a skeptical observer suggests theres a method to the madness of starving the SEC of what it needs to do its job.
March 14, 2012
MetLife Fails Federal Reserve "Stress Test"MetLife was one of four large financial institutions late Tuesday deemed to have failed a stress test imposed on large banking institutions by the Federal Reserve Board, a decision roundly criticized by MetLife and insurance analysts.
March 13, 2012
Likely on Its Way: Greater Compliance Burden for AdvisorsA little historical perspective on investment advisor registration: past is prologue.
March 13, 2012
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary RedraftThe Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a progress report on the departments redrafting of its rule amending the definition of fiduciary under ERISA.
March 13, 2012
Split-Interest Trusts Had $121B in Assets at End of 2010: IRS BulletinIn Filing Year 2010, nearly 119,000 Split-Interest Trust Information Returns were filed for charitable remainder trusts, charitable lead trusts and pooled income funds, according to the IRS Statistics of Income Bulletin: Winter 2012.
March 13, 2012
JOBS Bill Under Fire by SEC, NASAA, Consumer AdvocatesA bill that started out as seven separate pieces of legislation intended to benefit business startups and stimulate job creation is coming in for criticism as it heads to the Senate, as opponents say that it does away with consumer protection.