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, Congress Tussle Over Private Fund Advisor Registration
By Melanie WaddellSEC Commissioner Daniel Gallagher told chief compliance officers on Thursday that he sees cases where the securities regulator can grant exemptive relief for private fund advisors that must register with the agency as mandated by Dodd-Frank.
March 07, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.
March 07, 2012
House GOP Rejects Frank Measure for SEC Funding BoostRepublican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obamas proposed budget increase for the Securities and Exchange Commission in 2013.
March 07, 2012
SEC’s Schapiro in Dust-Up Over Money Market ConferenceThe refusal by the agency's chairman to attend a major money market industry conference in Orlando next week is raising concerns that the coming proposal will be sweeping and severe.
March 06, 2012
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans have joined 30 House Democrats in requesting that the Department of Labor significantly narrow its definition of fiduciary in a rule the agency is currently drafting that would impact the sale of retirement products.
March 06, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.
March 06, 2012
Allen Stanford Found Guilty of $7 Billion Ponzi SchemeFormer billionaire Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme. He was found guilty on 13 counts of a 14-count criminal indictment, including fraud and conspiracy.
March 05, 2012
IRS’ Top 12 Tax Law Changes for 2012Although the current tax law situation can probably reasonably be compared to a liquid rather than a solid, since at least in the minds of legislators it is quite fluid, the IRS has compiled a list of changes governing how youll pay your taxes this year.