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.
SIPC to Announce Stanford Liquidation Decision in September
By Melanie WaddellSIPC sets date for decision on liquidation of company run by Allen Stanford, modern-day successor to Charles Ponzi, under SIPA.
July 01, 2011
DOL's Rule 408(b)(2) Saga Continues: Further Compliance Extension LikelyBecause a final 408(b)(2) rule has yet to be issued by EBSA, retirement plan sponsors will likely need another extension beyond the current Jan. 1, 2012, date.
July 01, 2011
FINRA Fines Merrill, Credit SuisseThe Financial Industry Regulatory Authority said recently that it fined Credit Suisse Securities (USA) LLC $4.5 million and Bank of America’s Merrill…
July 01, 2011
Complying With UncertaintyWas Jamie Dimon right when he challenged Ben Bernanke during a Q&A on June 6 following the Fed chairman’s speech in Atlanta that too much regulation…
July 01, 2011
If You Want Something Done RightIt’s beginning to look like the only way Dodd-Frank reregulation is going to turn out well is if RIAs form their own SRO, such as Mercer Bullard's SROIIA.
July 01, 2011
Fiduciary MattersThe prospect of a uniform fiduciary standard that would apply to all advice givers in the financial field is the subject of much current debate among…
July 01, 2011
From FINRA Case, a Cautionary Tale on Immediate Annuities—Compliance WatchA FINRA arbitration panel recently decided in favor of a broker against his former BD in a dispute over a U4 involving an examination over advertisements for a fixed annuity product.
June 30, 2011
GAO: IRS Behind on PPACAThe U.S. Government Accountability Office says Internal Revenue Service top managers must do more to ensure smooth implementation of the Patient Protection and Affordable Care Act.