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.
FINRA Gave Corzine Waiver to Run MF Global
By Marlene Y. SatterWhen Jon Corzine returned to the securities business to run MF Global, he did so without requalifying or registering, as required by FINRA, because the agency gave him a waiver.
November 08, 2011
D.C. Circuit Upholds PPACA ConstitutionalityThe judges analyze the question of whether the individual coverage ownership penalty is really a tax.
November 08, 2011
House Democrats to DOL: Fiduciary Reproposal Should Meet Certain StandardsMore than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis that not only thanked her for Phyllis Borzis decision to withdraw the DOLs proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when its reproposed in early 2012.
November 07, 2011
SEC's Schapiro: More Money Market Reforms ComingThe Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.
November 07, 2011
Gallagher Sworn In as SEC CommissionerThe Securities and Exchange Commission announced on Monday that Daniel M. Gallagher has been sworn into office as an SEC commissioner.
November 06, 2011
Finally, Some Good News from the DOLThanks to a new rule debuted by the Department of Labor last month, employers will gain new flexibility in offering fiduciary investment advice to participants in their 401(k) retirement plans.
November 03, 2011
Unlike Madoff, The SEC Really Went After Vesco (Forbes)Still recovering from their failed attempt to stop Bernie Madoff as he pulled off the country's biggest Ponzi scam, the Securities and Exchange Commission is attempting to regain its reputation.
November 03, 2011
Unlike Madoff, The SEC Really Went After Vesco (Forbes)Still recovering from their failed attempt to stop Bernie Madoff as he pulled off the country's biggest Ponzi scam, the Securities and Exchange Commission is attempting to regain its reputation.