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.
ASPPA to DOL: Extend Fee Disclosure Rule Deadline
By Melanie WaddellThe American Society of Pension Professionals and Actuaries (ASPPA) is urging the Department of Labor to extend the deadline for complying with fee disclosure regulations as the department has yet to issue final guidance on either.
December 19, 2011
Year-End Giving Tips, Compliments of the IRSAs individuals and businesses rush to make charitable contributions at this busy time of year, the IRS has issued several tips as reminders of tax law provisions that have taken effect in recent years.
December 16, 2011
SEC to Get $136M Increase Under New Spending Bill for 2012Bipartisan deal to avert government shutdown includes $1.3 billion in funding for the SEC in 2012, but $25 million cut from Dodd-Frank reserve fund; extension of payroll tax cut still up in the air.
December 16, 2011
SEC Charges Ex-Fannie, Freddie CEOs with FraudThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
December 16, 2011
SEC Charges Ex-Fannie, Freddie CEOs with FraudThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
December 15, 2011
Advisor SRO Would Cost Twice as Much as Funding SEC ExamsThe report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.
December 12, 2011
Why Schapiro’s ‘Business-Model Neutral’ Fiduciary Approach Shouldn’t Be NewsDespite the ruckus over SEC Chairman Schapiro's comments on a 'business-model neutral' fiduciary standard, it shouldn't be a big deal if SEC rule-making remains true to Dodd-Frank and the plain meaning of its plain language.
December 08, 2011
PPACA: HHS Completes CO-OP RegulationsA new type of health insurer is supposed to be spawning. It could get up to 25% of its funding from ordinary health insurers.