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.
SEC Proposal Fails to Fix Ratings Agencies: Sen. Franken
By Melanie WaddellSen. Al Franken, D-Minn., and Barbara Roper, of the Consumer Federation of America, warned Thursday that the credit rating agency reform proposals put forth thus far by the SEC as part of Dodd-Frank are inadequate.
August 30, 2011
FOMC Minutes Show Some Dissension at Fed After S&P’s U.S. Debt DowngradeMinutes from the Fed's Aug. 9 meeting that monetary policy makers were fully aware of the volatile global markets and issues surrounding the S&P downgrade of U.S. debt when they announced they will keep interest rates low through mid-2013.
August 30, 2011
9 Tax Tips for Charitable Donations—SlideshowAmericans in significant numbers continue to support charities and to deduct the contributions on their tax returns. Unfortunately, the IRS sometimes disallows the deductions. The agency has tips for taxpayers to ensure they get the most out of their contributions.
August 30, 2011
SEC Charges Florida Pair in Ponzi SchemeThe Securities and Exchange Commission announced Monday that it has charged two Florida men for running a Ponzi scheme that robbed more than 100 investors of $22 million.
August 29, 2011
IRS: Yes, 2009 Was Hard on AgentsThe Internal Revenue Service has published new, detailed sole proprietorship return data for 2009 that hint at how tough 2009 was for small and midsize insurance agencies and brokerage firms.
August 29, 2011
SRO Bill Likely to Follow Sept. 13 House HearingWashington insiders say that after the capital markets subcommittee, chaired by Rep. Scott Garrett, R-N.J., holds its SRO hearing, legislation is likely to follow.
August 29, 2011
IRS Details Tax Returns Filed for Largest Estates in 2007About 37,000 estate tax returns were filed for people who died in 2007 with total gross estates of $2 million or more, the filing threshold for that year, according to the summer 2011 issue of the Statistics of Income Bulletin released Friday by the IRS.
August 28, 2011
IRS: Yes, 2009 Was Hard on AgentsThe Internal Revenue Service has published new, detailed sole proprietorship return data for 2009 that hint at how tough 2009 was for small and midsize insurance agencies and brokerage firms.