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.
Former EBSA Head Campbell to DOL: Re-Propose Fiduciary Rule
By Melanie WaddellBrad Campbell, former head of EBSA, said Wednesday that he has been urging the DOL to “re-propose” its fiduciary regulation, but Phyllis Borzi, current EBSA head, tells AdvisorOne a re-proposal isn't coming.
June 06, 2011
Barney Frank to SEC: Don't Impose '40 Act Fiduciary Standard on BrokersRep. Barney Frank sent a May 31 letter to SEC Chairman Mary Schapiro urging the agency to not put brokers under the Investment Advisers Act fiduciary standard.
June 03, 2011
IRS Advisory Panel on Tax Exempt and Government Entities to Meet June 15The 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
SEC, FINRA Issue Warning About Structured Notes With Principal ProtectionThe SEC's Office of Investor Education and Advocacy and FINRA issued an alert on Thursday warning investors about the risks of structured notes with principal protection.
June 02, 2011
IRS Offers 5 Tips to Prepare for DisasterThe IRS issues tips to safeguard records and valuables in case disaster strikes clients—or advisors
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…