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.
House GOP Rejects Frank Measure for SEC Funding Boost
By Melanie WaddellRepublican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obamas proposed budget increase for the Securities and Exchange Commission in 2013.
March 06, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.
March 06, 2012
Allen Stanford Found Guilty of $7 Billion Ponzi SchemeFormer billionaire Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme. He was found guilty on 13 counts of a 14-count criminal indictment, including fraud and conspiracy.
March 05, 2012
IRS’ Top 12 Tax Law Changes for 2012Although the current tax law situation can probably reasonably be compared to a liquid rather than a solid, since at least in the minds of legislators it is quite fluid, the IRS has compiled a list of changes governing how youll pay your taxes this year.
March 02, 2012
Brookstreet CEO Fined $10 Million for Selling Risky CMOs to SeniorsA federal judge has ordered the former CEO of Brookstreet Securities to pay a $10 million penalty for selling risky and illiquid collateralized mortgage obligations to seniors during the financial crisis.
March 02, 2012
IRI, SIFMA and FSR Rip Fiduciary StandardThree financial services industry trade groups are signaling to the Department of Labor (DOL) that they will fight tooth-and-nail to sustain the current exemption of the sale of retirement investment products from a fiduciary standard.
March 02, 2012
IRI, SIFMA and FSR Rip Fiduciary StandardThree financial services industry trade groups are signaling to the Department of Labor (DOL) that they will fight tooth-and-nail to sustain the current exemption of the sale of retirement investment products from a fiduciary standard.
March 02, 2012
At SSG, a Focus on Compliance, Including Expert Advice for State- and SEC-Registered RIAsSome states are shifting field examiners to handle registration duties for the Big Switch, says Chris Winn of AdvisorAssist; states reaching out to RIAs, says NCS Kellli Capitano.