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.
IRS Issues Guidelines for Health Care Flexible Spending Accounts
By Michael S. FischerThe IRS has issued guidelines on the $2,500 cap imposed on health care flexible spending accounts as part of the Patient Protection and Affordable Care Act.
May 30, 2012
POGO Assails House Financial Services Committee's SRO BillIn a letter to the chairman and ranking minority member of the House Financial Services Committee, the Project On Government Oversight raised serious concerns about H.R. 4624, a bill that would authorize one or more SROs to oversee the investment advisor industry.
May 30, 2012
POGO Assails House Financial Services Committee's SRO BillIn a letter to the chairman and ranking minority member of the House Financial Services Committee, the Project On Government Oversight raised serious concerns about H.R. 4624, a bill that would authorize one or more SROs to oversee the investment advisor industry.
May 29, 2012
Bachus’ SRO Bill Blasted by Government WatchdogThe nonpartisan Project on Government Oversight told Reps. Spencer Bachus and Barney Frank in a letter on Tuesday that it opposes Bachus bill to create an advisor SRO.
May 29, 2012
FINRA Hits Back in Battle Over Advisor SROFINRA is now refuting a review, done by Boston Consulting on behalf of several investment advisory trade groups, that challenged FINRAs cost estimates in assuming an SRO role.
May 29, 2012
Why FINRA Is the Right SRO for RIAsFSI Chairman Joe Russo lays out the FSIs arguments for FINRA as the best SRO for RIAs, and says 75% of FSI advisor members concur with the group's position.
May 25, 2012
SEC Charges N.Y. Fund Manager in Fraudulent LP DealThe SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would purportedly maximize their profits but instead spent their money in unauthorized ways.
May 24, 2012
SEC, FINRA Enforcement RoundupBroker-dealer Cadaret, Grant fined; alleged $60 million Ponzi scheme targeted; Morgan Stanley in hotseat.