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.
The Future of 12b-1 Fees
By Staff WriterOn July 21, 2010, the SEC voted to rescind Rule 12b-1 in its entirety and replace it with a new rule, Rule 12b-2. What does this...
September 30, 2010
SEC mandates plain English for investment advisor brochureIf you're a registered investment advisor, get ready to disclose more information on your Form ADV, Part 2 and to use plain English.
September 30, 2010
SEC Charges State Street Employees With Misleading Investors on Subprime MortgagesThe SEC on Thursday charged two State Street Bank and Trust employees with "misleading investors about their exposure to subprime investments."
September 29, 2010
PPACA: Republicans Take Poke at Grandfather RegsThe Republicans today drew attention to their distaste for the Affordable Care Act by forcing a vote on Senate Joint Resolution 39, a measure that could have killed a set of act implementation regulations.
September 28, 2010
New SEC Enforcement Unit Will Focus on Mutual Fund FeesThe SEC's Division of Enforcement has established an Asset Management Unit to focus on mutual funds, private funds and advisors, the division's director Robert Khuzami said Wednesday.
September 27, 2010
Fiduciary Forum Offers Advice to the SECTo an investor, the functions of a broker and an investment advisor look substantially the same. But are they?
September 27, 2010
At NASAA Conference: SEC to Release Dodd-Frank ‘Switch’ Details by DecemberState securities regulators had a few pressing issues on their minds associated with the implementation of the Dodd-Frank Act as they convened their annual conference in Baltimore on Monday.
September 27, 2010
Pardon My Authenticity: Fiduciary and Retail InvestorsIn his latest posting, Bob Clark explores the meaning of an "authentic" fiduciary standard, responding to a reader's call for clarification. Bob's conclusion? "In my view anyway, the existence of myriad fiduciary standards supports such a standard for brokers as well."