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.
IRS Provides Answers for Holders of Foreign Assets
By Robert Bloink, William H. ByrnesThe IRS has finally begun to answer many key questions asked by advisors on repercussions of failure to file an FBAR.
June 28, 2011
SEC Official: Fiduciary Mandate is Likely, But Harmonization Will Come LaterA senior Securities and Exchange Commission official said it is likely the agency will propose a rule imposing a uniform fiduciary mandate on the sale of investment products.
June 28, 2011
IRI Conference: SEC Official Sees Possible Living Benefits ConflictsThe U.S. Securities and Exchange Commission is keeping a close eye on variable annuity living benefits disclosures.
June 28, 2011
Senate Democrats: GOP Cuts to SEC Could Mean Another MadoffTop Senate Democrats sent a letter to the leader of the House Appropriations Committee House appropriators on Tuesday criticizing Republican’s proposed cuts to the SEC, calling them “unacceptable and counterproductive.”
June 28, 2011
Some Shots in the Arm for a True Fiduciary Standard?Two good signs: the Coalition’s petition to the SEC, and a sign from the SEC that it may decouple ‘harmonization’ from 'fiduciary.'
June 27, 2011
SEC Official: Fiduciary Mandate is Likely, But Harmonization Will Come LaterA senior Securities and Exchange Commission official said it is likely the agency will propose a rule imposing a uniform fiduciary mandate on the sale of investment products.
June 27, 2011
SEC, FINRA Exam Officials Lay Out Priorities, Areas of ConcernThe new head of the SEC's national broker-dealer exam program said Monday that two big areas of focus for the SEC are variable annuities and firms’ supervisory policies.
June 27, 2011
SEC Official: Fiduciary Rule ‘Likely’ This Year, but Not HarmonizationA senior official at the SEC said Monday that while he believes the securities regulator will issue a rule putting brokers under a fiduciary mandate this year, the agency will hold off on issuing one on the overall harmonization of advisor and broker rules.