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 Brings Up Charges on Life Partners Holdings
By Elizabeth D. FestaThe SEC announced on Jan. 3 that disclosure and accounting fraud charges will be levied against Life Partners Holdings Inc., (NASDAQ GS: LPHI) a Waco-based, publicly traded life settlement firm that is considered a pioneer in the secondary market.
February 01, 2012
FINRA Files Complaint Against Schwab for Asking Customers to Sign WaiverFINRA announced Wednesday that it had filed a complaint against Charles Schwab & Co. charging the firm had violated FINRA rules by requiring its customers to waive their rights to bring class actions against the firm.
February 01, 2012
SEC Charges Former Credit Suisse Investment Bankers over Subprime Bond Pricing SchemeThe Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to fraudulently overstate the prices of $3 billion in subprime bonds during the height of the subprime credit crisis.
January 31, 2012
More Transparency, PleaseConsumer representatives to the NAIC say in a Jan. 16 letter to the Federal Insurance Office (FIO) that effective insurance regulation requires greater transparency and substantive regulation.
January 31, 2012
Scholars Blast PPACA Cost ProjectionsThe U.S. Department of Health and Human Services (HHS) and other agencies responsible for implementing the Patient Protection and Affordable Care Act of 2010 (PPACA) may not be doing such a great job of analyzing the effects of the PPACA regulations they are developing.
January 31, 2012
SEC Brings Up Charges on Life Partners HoldingsThe SEC announced on Jan. 3 that disclosure and accounting fraud charges will be levied against Life Partners Holdings Inc., (NASDAQ GS: LPHI) a Waco-based, publicly traded life settlement firm that is considered a pioneer in the secondary market.
January 31, 2012
SEC: Senior Management and Boards That Fail to Support Compliance Face Most ScrutinyCarlo di Florio, director of the SECs Office of Compliance Inspections and Examinations, said Tuesday that the SEC is bent on elevating the role of compliance by underscoring that it is not a responsibility that stops at the desk of the CCO."