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.
The SEC Begins Fiduciary Fact-Finding Mission
By Arthur D. PostalThe Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.
February 24, 2012
SEC’s Schapiro: ‘I Still Strongly Believe’ in Fiduciary Mandate for BrokersSchapiro also said its time for the agency to take the next step in reforming money market funds. Money market funds, she said, remain susceptible to runs; we need to move forward in addressing these structural risks.
February 21, 2012
Former EBSA Head Campbell Joins Drinker Biddle & ReathBrad Campbell, former head of the Department of Labors Employee Benefits Security Administration, has joined Drinker Biddle & Reath as counsel in the law firms Employee Benefits & Executive Compensation Practice Group in Washington.
February 16, 2012
DOL Deadline on Fiduciary IRA Request Set for Feb. 24The Department of Labors Employee Benefits Security Administration (EBSA) has given industry trade groups until Feb. 24 to fulfill the departments request regarding what impact the conflicts of interest faced by brokers who advise on IRAs have on IRA investors.
February 16, 2012
5 Regulatory Red Flags for Advisors Who Use Commodity ETFsA legal alert from the law firm Sutherland Asbill & Brennan lists the top issues that Gary Gensler's CFTC and the entire commodity ETF industry will need to address this year.
February 16, 2012
SEC Tightens Rule on Advisory Performance FeesThe SEC announced Thursday that it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees by excluding the value of the investors home from the net worth calculation.
February 13, 2012
Obama's 2013 Budget Calls for Stronger Defined Benefit Pension SystemThe President's 2013 budget proposal seeks to give the board of the Pension Benefit Guaranty Corp. (PBGC) authority to adjust premiums and evaluate risks, to keep it viable for the times when plans fail.
February 10, 2012
IRS: We'll Address Shared Responsibility SoonOfficials say in a response to frequently asked PPACA questions that they're still working on the answers.