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 Proposes Compensation Rules
By Allison BellMembers of the U.S. Securities and Exchange Commission today voted 3-2 to unveil draft regulations that could affect incentive compensation at large investment advisors and large broker-dealers.
March 02, 2011
Senate Sends Obama Stopgap GOP Spending BillThe Senate on Wednesday sent President Barack Obama a Republican-drafted stopgap funding bill that trims $4 billion from the budget, completing hastily processed legislation designed to keep partisan divisions from forcing a government shutdown.
March 01, 2011
More Professionals May Be Subject to FiduciaryOn March 1, the Department of Labor (DOL) will hold public hearings on its proposed amendments to the term “fiduciary.” The Securities Industry…
March 01, 2011
Being Rick KetchumThis job affords me the opportunity to “live other lives;” to see both sides of an issue in all its selfish and selfless glory.
March 01, 2011
The GOP’s Plan in the HouseRep. Spencer Bachus, R-Ala., chairman of the House Financial Services Committee, released an oversight plan in January which includes issues his committee…
March 01, 2011
PPACA Stars at IRS Budget HearingInternal Revenue Service staffers are spending much of their time and energy preparing to implement Patient Protection and Affordable Care Act provisions that are set to take effect in federal fiscal year 2012.
March 01, 2011
FSI OneVoice 2011: FINRA CEO Ketchum Defines Fiduciary as It Applies to BDs, AdvisorsThe FSI’s OneVoice 2011 conference kicked off in Phoenix Monday night with a Q&A session moderated by Dale Brown, FSI’s CEO, featuring Richard Ketchum, FINRA's CEO.
March 01, 2011
House, Senate Hearings Next on FiduciaryWithin a month or so, the House Financial Services Committee will begin holding hearings on the Securities and Exchange Commission’s (SEC) report regarding fiduciary duty, which was mandated under Section 913 of the Dodd-Frank Act and handed to Congress on Jan. 21.