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.
SEC Brings Up Charges on Life Partners Holdings
By Elizabeth D. FestaThe SEC alleges that Life Partners Holdings Inc., in conjunction with Dr. Donald T. Cassidy, purposefully underestimated the life expectancies of policyholders in what may be a punishing episode for the secondary market's larger reputation.
January 03, 2012
IRS Posts W-2 Health Reporting GuidanceEmployers need not include voluntary, employee-paid hospital indemnity and critical illness premiums in the total.
January 03, 2012
Dodd-Frank: Progress Report on Law’s Key ElementsThe law firm Davis Polk & Wardwell on Tuesday released its latest Dodd-Frank progress report on where the various regulators stood on their implementation of the act.
January 02, 2012
Who Would You Trust With Your Money: GE or Occupy? (The Atlantic)Following last Tuesday's announcement that GE Capital had purchased an online bank from MetLife, the company's stock dipped -- and MetLife's rose.
January 02, 2012
Former SEC Exam Chief Walsh: SEC Whistleblower Program 'Showing Traction'The former chief counsel at the SEC's exam division, John Walsh, has formed a Whistleblower Response Team with several of his colleagues to help firms develop whistleblower response programs as the SECs 'initiative is beginning to show traction.'
December 29, 2011
SEC Goes After Deutsche TelekomThe Securities and Exchange Commission sued Deutsche Telekom and its Hungarian telecommunications unit Magyar Telekom in federal court in Manhattan on Wednesday, alleging violations of the Foreign Corrupt Practices Act, which prohibits paying bribes to foreign officials. Three former officials of Magyar were also charged in a separate filing with...
December 28, 2011
New Year, New Fiduciary Rule?While SEC Chairman Mary Schapiro said in mid-December comments first reported on Bloomberg that the agency would issue a proposed fiduciary rule this year, she also stated in the Bloomberg interview that a fiduciary rule proposal will be business model neutral and allow brokers working with retail investors to sell...
December 28, 2011
Corzine, Madoff and ‘Good’ AdvisorsI felt bad for Jon Corzine as he took his (subpoenaed) seat at a House Agriculture Committee hearing on Dec. 8.