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.
PPACA Stars at IRS Budget Hearing
By Allison BellInternal 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.
February 28, 2011
The Five Top FINRA Enforcement Actions in 2010An analysis by the securities law firm Sutherland Asbill & Brennan, including Sutherland's Brian Rubin, says FINRA is taking a more ‘aggressive enforcement’ stance.
February 25, 2011
Owe the IRS Back Taxes? IRS Offers ReliefThe IRS has added or expanded programs to help taxpayers catch up with less ‘burden’; one big way is by doubling the lien threshold.
February 25, 2011
GOP Lawmakers Probe SEC on Top Attorney's Ties to MadoffRepublican lawmakers on the House Financial Services Committee want the SEC to answer a bevy of questions regarding David Becker, the SEC’s general counsel who’s alleged to have earned more than $1.5 million from a Madoff account held in his mother’s estate.
February 25, 2011
Will Dodd-Frank Be Repealed? Will Congress Starve the SEC?Our man in Washington says no to repeal, but maybe on SEC funding, since it's part of a broader budget war. Next up: hearings and delays on Dodd-Frank implementation
February 25, 2011
China Sets Tough New Rules for Bank CapitalThe China Banking Regulatory Commission has released a draft of some tough new regulations for the nation’s financial institutions aimed at helping to implement Basel III requirements.
February 24, 2011
IRS Issues Tax Guidance for ‘Hardest Hit’ HomeownersThough this may not apply to most clients of wealth managers, there may be, through “six degrees of separation,” some people within their sphere of influence that would benefit from IRS Tax Guidance, announced Wednesday.
February 24, 2011
Four Credit Suisse Bankers Indicted in Tax Conspiracy CaseZurich-based Credit Suisse Group AG saw the indictment of four of its bankers on Wednesday, as the U.S. charged them with conspiracy. They were indicted on charges that they helped U.S. citizens hide as much as $3 billion in assets from the IRS over a span of many years.