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.
In Financial Reform Bill, Marketplace Winners and Losers
By Joyce HansonEarly market reaction to the financial services reform bill, which the Senate passed, 60-39, on Thursday, July 15.
July 15, 2010
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILLBill heads for President Obama's signature; the $19 billion Wall Street reform will be covered by ending the Troubled Asset Relief Program (TARP) and by charging an extra premium to large banks by the Federal Deposit Insurance Corp. (FDIC).
July 14, 2010
SEC to Issue Proposed 12b-1 Changes July 21The Securities and Exchange Commission (SEC) will issue long-anticipated proposed changes to its rule on 12b-1 fees.
July 14, 2010
SEC Rule 151A: Industry deserves credit for challenging a misguided threatHopefully you've heard by now that a federal appeals court on Monday vacated SEC Rule 151A, effectively putting an end to a couple of intense years of worry among the indexed annuity marketing community.
July 14, 2010
SEC Plan for Bifurcated Form ADV Part 2 Is Balked at by State RegulatorsThe North American Securities Administrators Association (NASAA) is objecting to the Securities and Exchange Commission's (SEC) upcoming staff recommendation to adopt a version of Form ADV Part 2.
July 14, 2010
Appeals Court Vacates SEC's Rule 151A on Indexed AnnuitiesA federal appeals court on Monday July 12, has sided with agents and others who want the Securities and Exchange Commission (SEC) to classify indexed annuities as insurance products rather than as securities.
July 14, 2010
151A Tossed: Guess We Didn't Need Harkins, After AllWell, the battle (this battle, at least) has finally come to an end. Yesterday, the U.S. Federal Court of Appeals ruled that the SEC didn't ...
July 14, 2010
151A Tossed: Guess We Didn't Need Harkins, After AllWell, the battle (this battle, at least) has finally come to an end. Yesterday, the U.S. Federal Court of Appeals ruled that the SEC didn't ...