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.
House GOP to SEC: Regulator Lacks 'Solid Basis' for Fiduciary Rulemaking
By Melanie WaddellRep. Steve Garrett, R-N.J., chairman of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, told SEC chairman Mary Schapiro in a March 17 letter to not move forward with a fiduciary duty rule...
March 15, 2011
IRS Nearly Doubles Audits of Wealthy’s Tax ReturnsHigh-net-worth individuals be warned: the IRS is watching. And it’s not doing it return by return any longer; it’s looking at the big picture instead of one-offs, resulting in a rate of audits of the wealthy that nearly doubled in 2010.
March 15, 2011
Consider the Spin: New SEC Study Positions FINRA for Added DutiesBoston Consulting Group's study of the SEC, mandated by Dodd-Frank, suggests that the SEC rely more on SROs to fulfill its duties. Candidates, anyone?
March 14, 2011
IRS: CO-OPs Can't LobbyThe new Consumer Operated and Oriented Plan health insurers should keep their political views to themselves.
March 13, 2011
IRS: CO-OPs Can't LobbyThe new Consumer Operated and Oriented Plan health insurers should keep their political views to themselves.
March 11, 2011
At IAA, Director of SEC’s OCIE Says We're 'Picking Our Spots' Due to Budget UncertaintyCarlo di Florio says examiners are focusing on higher-risk RIA firms; Eileen Rominger lauds fiduciary responsibility of advisors.
March 11, 2011
An Update on the 'Switch' and a Brief History LessonThis month, state securities regulators throughout the United States are observing 100 years of protecting investors. A century ago, Kansas Banking Commissioner…
March 11, 2011
SEC's Blass at IAA: Fiduciary Standard Will Only Be ToughenedAt IAA compliance gathering, SEC counsel Blass suggests fiduciary standard for all will only be toughened, not watered down.