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.
MDRT Leaders Flag Government Regulations as Top Concern
By Warren S. HerschTo an extraordinary degree this year, one issue beyond the control of attendees will be of particular concern: the growing regulatory restrictions imposed by governments worldwide on advisors' businesses.
June 12, 2012
How the SEC could pursue a case against JPMorgan (Reuters)Experts say the best chance to bring an enforcement action will center on whether the bank should have disclosed sooner that it switched to a new risk model. But that, the experts say, could be difficult to prove.
June 11, 2012
NASDAQ CEO Bob Greifeld Was MIA for Five Hours During the Facebook IPO Disaster (Business Insider)Thinking he'd be needed in New York, Greifeld flew five hours on a flight that did not have a working armrest phone or Internet access.
June 11, 2012
SEC Seeks Comment on Security-Based Swap RulesThe SEC issued on Monday a policy statement describing the order in which the agency expects new rules regulating the derivatives market would take effect, and is requesting public comment on the statement.
June 08, 2012
At Pershing Insite, a Plea for BDs to Scrutinize Reps’ Outside DealingsJoan Schwartz of Pershing warns BD executives to better scrutinize such dealings, since this is how bad reps are stealing clients money.
June 06, 2012
SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-SponsorOpponents of Rep. Spencer Bachus bill calling for a SRO to oversee advisors had their hopes that the SEC would receive a boost in funding in order to thwart an SRO quashed on Wednesday.
June 06, 2012
Are Ketchum’s Arguments for SRO the Best FINRA Can Come Up With?My response to reading the FINRA chiefs testimony before Congress on advisor SRO: Really, dude?
June 05, 2012
Exclusive: Biggest SEC Enforcement Effort Is Advisor MisconductIn exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.