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 Issues Corrected Instructions for 2010 Gift Tax Return
By Michael S. FischerThe 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 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.”
May 24, 2011
FINRA Fines Nuveen Investments $3 Million for Misleading MarketingFINRA has fined Nuveen Investments, the largest manager of closed-end funds, $3 million for creating misleading ARPS brochures in 2008.
May 24, 2011
Understanding FINRA’s New Rules on Trading Low-Priced EquitiesFINRA has issued guidance on price volatility regarding low-priced equity securities in customer margin and firm proprietary accounts.
May 23, 2011
Hartford Agrees to Sell ThriftHartford Financial Services Group Inc. has found a buyer for Federal Trust Bank, a Florida thrift it acquired in early 2009, back when it was applying for permission to participate in the federal Troubled Asset Relief Program.
May 23, 2011
Hartford Agrees to Sell ThriftHartford Financial Services Group Inc. has found a buyer for Federal Trust Bank, a Florida thrift it acquired in early 2009, back when it was applying for permission to participate in the federal Troubled Asset Relief Program.
May 23, 2011
Warning: U.S. ‘Under Attack’ by Chinese Reverse Mergers“We are under attack,” writes Wall Street Journal blogger Josh Brown, an advisor with Fusion Analytics and proprietor of The Reformed Broker website.
May 23, 2011
MSRB, FINRA, SEC Work Together on Dodd-Frank Rules and Enforcement‘We’re dealing with other people’s money here,’ MSRB Chairman says.