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.
Industry Groups to DOL: Fiduciary IRA Request 'Difficult'
By Melanie WaddellAfter a Tuesday meeting with DOL over its fiduciary IRA request, industry trade groups are still limited in how much help they can provide.
January 20, 2012
Fiduciary Duty Rule: A Status Report One Year LaterJanuary 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.
January 20, 2012
New Tool for BDs to Meet FINRA Rule 2111 on Suitability StandardsIpreo launches new compliance certificate to meet revised suitability standard, establishing a BD's ability to exercise independent judgment.
January 19, 2012
The Stanford Ponzi Scheme: A Big, Black Eye for the SEC?Allen Stanford will soon go on trial for a Ponzi scheme. At least one critic believes it will give the SEC and FINRA a bigger black eye than Madoff.
January 19, 2012
Congress’s Six-Figure Benefits Add to $674 Billion U.S. Pension Shortfall (Bloomberg)Almost 15,000 federal retirees, including former leaders of Congress, a university president and a banker, are receiving six-figure pensions from a system that faces a $674.2 billion shortfall.
January 18, 2012
FINRA Fines Citigroup Global Markets $725,000FINRA announced Wednesday that it has fined Citigroup Global Markets $725,000 for failure to disclose conflicts of interest in its research reports and research analysts' public appearances.
January 17, 2012
IRS Burdened by Inadequate Resources: Internal MonitorAmerican taxpayers face inadequate service, erosion of rights and reduced tax compliance because of the Internal Revenue Service's expanding workload and declining resources, according to a report by the IRS' internal monitor.
January 17, 2012
401(k)s: Average Small Plan Expenses Exceed Large Plans’ CostsAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.