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 Inspector General Kotz Leaving Agency
By Melanie WaddellThe SEC on Tuesday said that its inspector general, H. David Kotz, will leave the agency at the end of January to become the managing director in the Washington office of the private investigative services firm Gryphon Strategies.
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.
January 13, 2012
Class Action Suit Brought Against MetLifeAllegations of misleading statements to investors by certain officers and directors brings a class action suit against the insurance giant.
January 13, 2012
SIFMA’s Ryan, Bentsen: Fiduciary, SRO Action on Horizon in 2012, but Not 12b-12012 will be the year of finalizing Dodd-Frank implementation, adds SIFMAs Ryan.
January 12, 2012
Providers of 403(b) Plans Gear Up for Regulatory ChallengesProviders of 403(b) plans that are subject to ERISA will face regulatory challenges this yearnamely complying with the Department of Labors fee disclosure rule as well as the expanded Form 5500 reporting requirements.
January 11, 2012
IRS Reopens Offshore Tax Disclosure ProgramWealthy get a third chance to come clean, after previous programs collected more than $4.4 billion.
January 09, 2012
SEC Changes Policy on Admission of Guilt in Fraud CasesThe new policy, according to the SEC, does not require admissions or adjudications of fact beyond those already made in criminal cases, but eliminates language that may be construed as inconsistent with admissions or findings that have already been made in the criminal cases.
January 09, 2012
The Costs of FINRA Oversight of RIAs: Running the SRO NumbersAt last, credible information on the costs of having an SROor notto oversee advisors, and what each scenario would cost RIAs in dollars and cents.