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.
After FINRA Office Alters Files, SEC Orders SRO to Change Its Ways
By Marlene Y. SatterFed up with receiving altered documents--three times in eight years--the SEC ordered FINRA to hire an independent consultant to improve its procedures for producing documents during SEC inspections.
October 26, 2011
Ex-Goldman Sachs Board Member Indicted in Insider CaseA former board member of Goldman Sachs and Procter & Gamble surrendered Wednesday to face a six-count securities fraud indictment that makes him the latest defendant in the biggest insider trading case in history.
October 26, 2011
Estate Tax Exclusion to Rise: IRS Inflation Adjustments for 2012Estate tax exclusion increases by $120,000 to $5.1 million in 2012; tax brackets to widen.
October 26, 2011
New Hire Roundup: Reinhart Joins Wealthcare Capital, Bowden Goes to SECThis week in new hires, Len Reinhart joined Wealthcare Capitals board, Andrew J. Bowden was appointed the SECs new associate director of advisor exams, and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.
October 25, 2011
McRaith Asked About SIFI, Data Collection, AIG in Hill AppearanceJobs, data collection and the health of American International Group were among the questions members of a House panel sought answers to as Michael McRaith, new director of the Federal Insurance Office, made his first public appearance as FIO head.
October 25, 2011
McRaith Asked About SIFI, Data Collection, AIG in Hill AppearanceJobs, data collection and the health of American International Group were among the questions members of a House panel sought answers to as Michael McRaith, new director of the Federal Insurance Office, made his first public appearance as FIO head.
October 25, 2011
DOL Probing Improper BD, RIA Compensation From ERISA PlansThe Department of Labor has recently investigated eight BDs under Consultant/Adviser Project, focusing on improper compensation by benefit plan consultants and investment advisors.
October 25, 2011
Labor Department Releases New Investment Advice Regulation for 401(k), IRA Plans (AP)A new law established by the Department of Labor allows plan providers to offer enrollees advice regarding their 401(k) and retirement account plans.