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.
A Cure for the Virus
By Bill CoffinRaj Rajaratnam's 11-year sentence for insider trading is the heaviest yet thrown down for a crime some say has no clear victim. But is 11 years in prison for $75 million a fair trade or a short sell?
October 13, 2011
Harmonizing Advisor, BD Rules Back Burner Issue for SEC: fi360's Thompson SaysHarmonization of advisor and broker rules is an issue thats lower on the totem pole for the SEC now, Duane Thompson, senior policy analyst with fi360, said on Thursday. However, there are clearly areas where harmonization needs to occur.
October 13, 2011
Volcker Fallout? Morgan Stanley, Goldman Might Exit Bank BusinessSusquehanna Financial Group analyst David Hilder says Goldman Sachs and Morgan Stanley may consider dropping their status as bank holding companies to avoid increased costs related to the 'Volcker rule,' the latest fallout from the proprietary trading proposal released earlier this week.
October 13, 2011
New Hire Roundup: Conley Rises at SECThis week in new hires, Michael A. Conley was named deputy general counsel in the SECs office of general counsel. Also, Scott L. Lummer was named CIO and head of Savant Investment Groups new Santa Rosa office.
October 11, 2011
Federal Regulators Re-Propose SIFI CriteriaAs the Financial Stability Oversight Council re-proposes the criteria it will use to determine whether an insurer is systemically important enough to merit additional federal regulation, an uneasy industry prepares for the worst.
October 10, 2011
ACLI Urges SEC to Target Life Settlement IndustryThe ACLI requests that the SEC outlaw virtually the entire secondary insurance market in the biggest broadside against the life settlement industry in months. How will the life settlement industry respond?
October 07, 2011
For YOUR Own GoodDodd-Frank does not require a rule, just the already-completed study. But internal pressure from the advisory and retail investment world is mounting for clarity and a standard ruleas has interest among private firms advisors and some consultantsfor those selling life/annuity insurance and other investment products in the broker channel to...
October 07, 2011
‘Volcker Rule’ Leak Prompts Wall Street Scandal (AdvisorOne)Wall Street was in a frenzy on Thursday, following a leak late Wednesday night of language for the proposed "Volcker rule," a regulatory measure named for former Fed Chairman Paul Volcker, who famously proposed a ban on proprietary trading by banks.