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.
New DOL Rule on Investment Advice
By Arthur D. PostalThe conclusion to a long-running effort to update fiduciary law will now allow agents to provide computerized investment advice to 401(k) beneficiaries, under certain conditions.
October 21, 2011
Fed Conflict of Interest Threatens Reputation: GAO ReportA new report from the Government Accountability Office, which details potential conflict of interest within the Federal Reserve, finds that the Fed is taking on additional risks to its reputation by allowing the banking industry to participate in choosing board members at the 12 regional Fed banks.
October 20, 2011
IRS Raises 401(k) Contribution Limits to $17,000 for 2012The Internal Revenue Service announced Thursday cost of living adjustments affecting contribution limitations for pension plans and other retirement-related items for fiscal year 2012.
October 19, 2011
Citigroup to Pay $285 Million to Settle SEC Charges on CDO DealThe SEC charged Citigroups principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.
October 17, 2011
On the Clock: Time Short for Tax Preparers to Meet e-File Registration DeadlineTime is short for any tax preparers who have yet to meet the January 2012 deadline to become Authorized IRS e-file Providers.
October 14, 2011
Federal Regulation of Insurance Under Consideration, Treasury Doc ShowsShould Treasury explore a federal insurance regulatory authority across many insurance lines? That is what the Federal Insurance Office is asking in the Federal Register.
October 14, 2011
Federal Regulation of Insurance Under Consideration, Treasury Doc ShowsShould Treasury explore a federal insurance regulatory authority across many insurance lines? That is what the Federal Insurance Office is asking in the Federal Register.
October 14, 2011
Medi-Scare: The Sequel (BenefitsPro.com)A much-debated topic on both sides of the political table, Medicare was protected from the late-summer debt-ceiling cuts, in part because the program impacts an influential group of voters. With round two of the talks fast approaching, however, it may soon be back on the chopping block.