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.
Timing of SEC’s Fiduciary Rule Debated at CFA Conference (AdvisorOne)
By Staff WriterThe timing of the SEC's proposed fiduciary rule continues to be debated, although most insiders feel confident that it will happen.
December 01, 2011
Timing of SEC’s Fiduciary Rule Debated at CFA ConferenceWhile optimism remains that the Securities and Exchange Commission will issue a rule putting brokers under a fiduciary mandate, the question being debated among industry and consumer officials is exactly when it will happen.
November 30, 2011
Party CrashersThe Securities and Exchange Commission is signaling to industry lawyers it is focusing on the disclosures involved in annuities that provide living benefit riders.
November 30, 2011
FIO Plans Insurance Summit in Advance of Comments on Improving Insurance RegulationBelth weighs in on gaps in state regulation, targeting life insurance and annuity products he believes do not provide adequate disclosure in a letter to FIO Director McRaith. So, who's going?
November 29, 2011
DOL Issues Final Rule on Investment Advice . . . Again (K&L Gates)The goal of the DOLs recent investment advice ruling was a challenging one: how to best make advice available to those who needed it, without substantially increasing the chance that unfair or ill advice would be given.
November 29, 2011
Judge Blocks, Blasts SEC-Citigroup SettlementJudge Jed S. Rakoff on Monday rejected a settlement negotiated between the SEC and Citigroup over a $1 billion mortgage fund and said that he could not determine whether the $285 million settlement was fair, reasonable, adequate and in the public interest.
November 28, 2011
New Cost Basis Reporting Best PracticesWe have almost completed our first year under the IRSs new cost basis regulations and reporting requirements.
November 28, 2011
Internal Changes at SEC’s Exam DivisionAs uncertainty remains in the debate over whether an SRO should oversee advisorsand a new option of using outside auditors for advisor exams in lieu of an SRO was recently thrown into the mixchanges are afoot within the SECs exam division.