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 Charges Ex-Fannie, Freddie CEOs with Fraud
By Derek KravitzThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
December 08, 2011
PPACA: HHS Completes CO-OP RegulationsA new type of health insurer is supposed to be spawning. It could get up to 25% of its funding from ordinary health insurers.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsIn a halting and nearly hoarse delivery, an apparently humbled Jon Corzine, the former chairman and CEO of the now bankrupt MF Global, testified Thursday before the House Agriculture Committee.
December 08, 2011
Disability Insurance Observer: Feds Consider Hiring GoalFor many claimants, the biggest barrier to returning to work is finding work. Uncle Sam tries to set a good example.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsThe former CEO of now-bankrupt MF Global says he was stunned' to learn about the missing $1.5 billion in client funds at commodities broker-dealer.
December 08, 2011
House Approves 'Mother of All Anti-Regulatory Bills' (The Hill)The House on Wednesday passed legislation that would require Congress to approve all major federal regulations with an effect of $100 million or more, a Republican attempt to rein in what they see as the expanding regulatory burden faced by companies across the country.
December 08, 2011
SEC Says Wachovia Rigged Muni Bids; Bank to Pay $46 MillionThe SEC charged Wachovia Bank on Thursday with fraudulently engaging in secret arrangements with bidding agents to improperly win business from municipalities and guarantee itself profits in the reinvestment of municipal bond proceeds.
December 05, 2011
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans today joined 30 House Democrats in requesting that the Department of Labor significantly narrow its definition of "fiduciary" in a rule the agency is currently drafting that would impact the sale of retirement products.