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 Advisory Panel on Tax Exempt and Government Entities to Meet June 15
By Michael S. FischerThe IRS’s Advisory Committee on Tax Exempt and Government Entities (ACT) will submit recommendations to IRS leadership at a June 15 public meeting.
June 02, 2011
FINRA Fines Northern Trust, Credit Suisse, MerrillThe combined fines total $8.1 million and concern CMOs and subprime mortgage securitizations
June 01, 2011
From Deadlines to LifelinesRecently, the SEC indicated that two previously identified deadlines may be extended.
June 01, 2011
Schapiro Says SEC to Focus in July on Fiduciary, 12b-1Mary Schapiro, chairman of the Securities and Exchange Commission (SEC), said in early May that the agency will turn its attention to addressing a fiduciary…
May 31, 2011
IRS Issues Corrected Instructions for 2010 Gift Tax ReturnThe IRS has revised instructions to Form 709, which is used to report transfers subject to the federal gift and certain generation-skipping transfer (GST) taxes and to figure the tax due on those transfers, if any.
May 27, 2011
Tim Johnson, Chairman, Senate Banking Committee: The Extended 2011 IA 25 ProfileSen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, has a big fight on his hands.
May 25, 2011
IRS: Recession Halved Life Insurer Net IncomeLife insurers reported only $16 billion in total net income to the Internal Revenue Service in their 2008 returns, down about 55% from the total reported on the 2007 returns.
May 24, 2011
FINRA's Ketchum: Disclosure a 'Key Ingredient' to Fiduciary Duty, but Not Sufficient AloneRichard Ketchum, chairman and CEO of FINRA, said on Tuesday that as the industry moves toward a unified fiduciary standard for brokers and advisors that while disclosure is a “key ingredient” that’s needed to address fiduciary issues, disclosure “alone is not sufficient.”