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 Three Advisors With Compliance Violations
By Melanie WaddellThe SEC on Monday charged three investment advisors for failing to put in place compliance procedures designed to prevent securities law violations.
November 22, 2011
7 Areas of ‘Relief’ for Advisors in DOL’s Reproposed Fiduciary RuleWell-known ERISA attorney Fred Reish predicts the areas of relief DOL will provide when it reproposes its fiduciary rule.
November 18, 2011
The Brutal Politics of Super Committee Failure (Talking Points Memo)A Super Committee breakdown could have political ramifications for both parties (and unleash a torrent of negative ads).
November 16, 2011
Morgan Stanley Pays $3.3 Million in SEC Crackdown on Fee ArrangementsThe SEC on Wednesday charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they werent actually receiving from a third party.
November 14, 2011
Dodd Keynote at NAILBA 30 Could Shed Light on What’s to ComeAs the Federal Insurance Office works on its report about improving the system of insurance regulation, Christopher Dodd, co-sponsor of the Dodd-Frank Bill, will address a NAILBA crowd later this week that opposes federal regulation of insurance industry.
November 11, 2011
UBS Pays $8M Fine to Settle SEC’s Short-Sale CaseThe SEC charged UBS Securities Thursday with faulty record-keeping practices related to short sales, and UBS agreed to pay an $8 million penalty to settle the enforcement action.
November 10, 2011
Senate to Grill SEC Chiefs at Oversight HearingA Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.
November 10, 2011
Judge Imposes Record Fine on Galleon's RajaratnamJudge Jed S. Rakoff assessed a $98.2 million fine against hedge fund billionaire Raj Rajaratnam of Galleon Group while criticizing the SEC's settlements in insider trading cases