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.
Hearing Set on SRO Proposal
By Arthur D. PostalThe House Financial Services Committee will hold a hearing on either June 6 or 7 on proposed legislation that would establish a self-regulatory organization for investment advisors.
May 22, 2012
Bachus Reintroduces SRO BillHouse Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.
May 22, 2012
FINRA Fines Citigroup for Inaccurate Mortgage DataFINRA announced Tuesday that it had fined Citigroup Global Markets $3.5 million for providing inaccurate mortgage performance information, supervisory failures and other violations related to mortgage-backed securities.
May 22, 2012
SEC Budget Stretched as More Execs Fight LawsuitsExecutives are calling their bluff, and the agency is struggling with a surge of companies willing to defend themselves.
May 21, 2012
SEC Names Two to Trading and Markets Division, Appoints New Deputy Chief of StaffThe SEC recently announced three executive appointments, including a new post, managing executive of the Division of Trading and Markets.
May 21, 2012
FINRA CEO: BrokerCheck Revamp Won’t Include Test ScoresAt FINRA's annual conference, Richard Ketchum on Monday addressed concerns from brokers and advisors over test scores on the revamped BrokerCheck and other key issues.
May 18, 2012
PPACA: IRS Releases Final Health Tax Credit RegulationsHSA and HRA contributions won't affect affordability; workers with affordable, self-only group coverage might get credits for family members.
May 18, 2012
Ways and Means Eyes Tax-Exempt HospitalsA witness says hospitals still need guidance from the IRS on how to handle patients who can't pay their bills.