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.
J.P. Morgan Settles SEC Charges on CDOs; Will Pay $153 Million
By Janet LevauxSEC's Robert Khuzami said that J.P. Morgan failed to tell investors "that a prominent hedge fund that would financially profit from the failure of CDO portfolio assets heavily influenced the CDO portfolio selection."
June 20, 2011
FINRA to Share Details on New Back-Office Staff RulesThe SEC approved the rules that require registration, testing and continuing education of some operations staff and supervisors on June 16.
June 20, 2011
3 Lessons From Advisor’s FINRA Win Over BofA-MerrillFINRA ordered BofA-Merrill Lynch to pay one of its former advisors about $1.5 million in damages and change his Form U5 last week, and Patrick Burns, a lawyer, shares what that decision means for advisors.
June 20, 2011
Three Lesson from FA’s $1.5 Mil FINRA Win Over MerrillFINRA ordered Bank of America-Merrill Lynch to pay one of its former financial advisors about $1.5 million in compensatory damages and change…
June 16, 2011
SEC Cracks Down on RIA, BD Compliance Officers--Compliance WatchTwo recent SEC cases signal, says a former examiner, that CCOs and their firms are unaware of their vulnerability and liability.
June 15, 2011
SEC Proposes Rule to Broaden Scope of Broker-Dealer AuditsThe SEC on Wednesday proposed amendments to its broker-dealer financial reporting rule in a move the agency says will strengthen the audits of broker-dealers as well as the SEC’s "oversight of the way broker-dealers handle their customers’ securities and cash."
June 14, 2011
Brokers Beware: Clients and Prospects Can Easily Find Your Disciplinary Histories on the WebWill FINRA’s new web-accessible discipline database be a benefit or burden to your brokerage business?
June 14, 2011
Why SEC’s June 22 Meeting Will Dramatically Alter Life for AdvisorsThe vote on the big ‘switch’ means big changes for the investment advisory profession.