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.
Congress’s Six-Figure Benefits Add to $674 Billion U.S. Pension Shortfall (Bloomberg)
By Staff WriterAlmost 15,000 federal retirees, including former leaders of Congress, a university president and a banker, are receiving six-figure pensions from a system that faces a $674.2 billion shortfall.
January 17, 2012
401(k)s: Average Small Plan Expenses Exceed Large Plans’ CostsAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.
January 17, 2012
SEC Inspector General Kotz Leaving AgencyThe SEC on Tuesday said that its inspector general, H. David Kotz, will leave the agency at the end of January to become the managing director in the Washington office of the private investigative services firm Gryphon Strategies.
January 17, 2012
Scholars Blast Agency PPACA Cost ProjectionsChristopher Conover and Jerry Ellig question how much the feds are doing to comply with statutory impact analysis requirements.
January 17, 2012
SEC Charges UBS Arm With Improper Mutual Fund PricingThe SEC on Tuesday charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed, which resulted in a misstatement to investors of the net asset values of those funds.
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.
January 13, 2012
Class Action Suit Brought Against MetLifeAllegations of misleading statements to investors by certain officers and directors brings a class action suit against the insurance giant.
January 13, 2012
SIFMA’s Ryan, Bentsen: Fiduciary, SRO Action on Horizon in 2012, but Not 12b-12012 will be the year of finalizing Dodd-Frank implementation, adds SIFMAs Ryan.