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 Considers ‘Buffer’ for Money Market Funds
By John SullivanMoney market funds 'breaking the buck' rattle the market and frighten investors who think of the funds as a cash equivalent and safe haven from volatility. To minimize the impact, the SEC is considering establishing the equivalent of money market 'reserve requirements,' according to Bloomberg.
July 27, 2011
Pension Manager: We Still Need Credit RatingsMoves to reduce reliance on credit ratings and improve the rating process make sense, but going cold turkey may not, according to a state pension fund executive.
July 26, 2011
FINRA Levies $5 Million Fine Against SunTrust AffiliatesThe Financial Industry Regulatory Authority FINRA fined SunTrust Robinson Humphrey and SunTrust Investment Services Tuesday for violations related to the sale of auction rate securities (ARS).
July 26, 2011
George Soros to Retire, Blames Dodd-FrankLegendary hedge fund manager George Soros, perhaps best known forcing the British government to devalue the pound during the infamous “Black Wednesday” market crisis, is retiring from investing.
July 26, 2011
Congress to DOL's Borzi: Repropose Fiduciary Rule, Too BroadLawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.
July 25, 2011
FINRA to Investors: Stay Away From Risky Junk FundsFINRA issued an Investor Alert warning investors of the dangers of complex, risky products such as high-yield, or junk, bond funds; floating-rate loan funds; structured notes with principal protection; and leveraged products.
July 25, 2011
SIPC Says It Need Not Reimburse Stanford Victims; SEC DisagreesDispute centers on meaning of 'theft' versus 'fraud.' SIPC to decide on next move by mid-September.
July 22, 2011
FINRA Charged With Poor Transparency, Needs Closer Scrutiny—Compliance WatchThe non-governmental regulator lacks the 'checks and balances' of other government regulators, U.S. Chamber of Commerce charges.