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.
Financial Planning Coalition Sends Fiduciary Letter and Petition to SEC, Congress
By John SullivanThe Financial Planning Coalition delivered a letter to the Securities and Exchange CommissionThursday, accompanied by a petition signed by 5,200 financial planners, urging the SEC to apply a fiduciary standard to anyone providing personalized investment advice to retail clients.
June 23, 2011
Dodd-Frank: SEC Turns 3,200 Advisors Over to StatesThe U.S. Securities and Exchange Commission has approved a final rule that will put about 3,200 investment advisors who have been regulated by the SEC under state oversight.
June 23, 2011
FINRA to Stay Aggressive, Focus on Structured Products—Compliance WatchAt times of great market volatility, says FINRA's Brad Bennett, suitability and marketing problems rise.
June 23, 2011
Why the Survival of Independent Advice Giving Is at StakeMercer Bullard's new SRO may be the last, best hope for the independent advice business.
June 23, 2011
Morgan Keegan to Pay $200 Million Over Bond Fund AllegationsMorgan Keegan & Company will pay $200 million to settle allegations of exaggerated claims, failures in supervision and undisclosed investment risks, the Financial Industry Regulatory Authority announced Wednesday.
June 22, 2011
SEC Approves New 'Switch' Rules for AdvisorsUnder rules approved at an SEC open meeting on Wednesday, some 3,200 advisors will find themselves "switched" to state, rather than SEC, regulation because of a change in the way they are classified as mandated by the Dodd-Frank Act.