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.
FINRA Disciplines Merrill, LPL, National Financial, Van Kampen
By Marlene Y. SatterFINRA took disciplinary action against Merrill Lynch, LPL Financial, National Financial Services and Van Kampen Funds. Merrill was censured and fined $400,000 on findings that it failed to enforce its anti-money laundering rules.
September 26, 2011
SEC May Seek Legal Action Against S&PAn issue over the rating of a collateralized debt obligation from 2007 prompted the SEC Thursday to send a so-called Wells notice to McGraw-Hill, the parent company of Standard and Poors.
September 23, 2011
UBS Board Pondering Fate of Banking Giant, CEOThe board of UBS met in Singapore on Friday to consider what will be the future of the Swiss giant after trader Kweku Adoboli allegedly lost $2.3 billion in fraudulent activities. The future of its CEO, Oswald Greubel, also hangs in the balance.
September 23, 2011
Dodd-Frank’s Call for a Federal Insurance RegulatorAre life insurance and annuities in line for federal regulation under Dodd-Frank?
September 23, 2011
Taking on the SEC and FINRA—Sometimes It PaysNew research from the law firm Sutherland shows that it pays to litigate against the SEC and FINRA, particularly when it comes to fraud cases.
September 22, 2011
IRS Establishes Church Plan ProceduresChurch plans will have to notify plan participants before asking the Internal Revenue Service to provide private letter rulings confirming the plans' status.
September 21, 2011
Pension Plans: Don't Let the Foxes Pick the Henhouse GuardsPublic pension plan administrators say proposed swap advisor sophistication rules could backfire and put the plans at the mercy of the swap dealer.
September 21, 2011
While Bachus Pushes Advisor SRO Bill, Sen. Johnson Isn't Quite ReadyBachus has warmed up to more SEC funding because he sees that it would help the SEC with its oversight of any advisor SRO.