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.
IRS Offers Amnesty for Registered Reps Classification
By Robert Bloink, William H. ByrnesIf your firm has misclassified employees as independent contractors, the IRS is giving you a chance to come clean. But states may hit you up for back taxes and penalties.
October 06, 2011
Treasury Set to Issue Lifetime Income Guidance; DOL to FollowThe Treasury Department plans to release soon guidance for employers on how best to integrate lifetime income products into 401(k)s and other employer-sponsored retirement plans, while the Department of Labor plans to follow with similar guidance early next year.
October 05, 2011
IRS Clarifies Life Settlement RulesA recent ruling by the IRS confirms its official position on certain key tax issues regarding life settlements, as per a request from officials in Luxembourg
October 05, 2011
FSI Members Storm Congress to Lobby for Advisor SROAdvisors and broker-dealer representatives descended on Capitol Hill on Wednesday to urge about 260 members of Congress to support Rep. Spencer Bachus draft legislation calling for one or more SROs to oversee investment advisors.
October 01, 2011
SRO Bill May Arrive This FallLawmakers and industry officials debated the merits in mid-September of whether there should be a self-regulatory organization (SRO) for advisors, and at least one industry official says to expect SRO legislation from the House this fall.
September 30, 2011
Despite a rate hike, nearly half of federal employees kept their LTCI.46% of enrollees in a federal LTCI program opted to keep their policies following a premium hike.
September 30, 2011
IRS Posts Estate Tax Portability GuidanceYou wanted portability; for now, you've got it.
September 28, 2011
Charles Schwab Bashes Buffett Rule, Obama PoliciesCharles Schwab, founder of the investment company that bears his name, took to the pages of The Wall Street Journal to denounce President Obama's stimulus spending and raising taxes on the rich.