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.
Battle Lines Drawn on Optional Federal Charter
By Arthur D. PostalThe battle lines are already being drawn in anticipation of a battle royal in Congress in 2011 over the creation of an optional federal charter (OFC) for insurers.
August 18, 2010
SEC Charges New Jersey for Fraudulent Municipal Bond OfferingsThe SEC charged the State of New Jersey on Wednesday with securities fraud for misrepresenting and failing to disclose to investors in billions of dollars worth of municipal bond offerings that it was underfunding the state's two largest pension plans.
August 18, 2010
FINRA Sticks With Securities in Suitability ProposalThe Financial Industry Regulatory Authority is leaving "non-securities" products out of a proposed suitability rule update.
August 17, 2010
Buddy Donohue, SEC's Investment Management Director, to Leave Agency in NovemberAndrew "Buddy" Donohue, director of the Securities and Exchange Commission's Division of Investment Management, is leaving the agency in November.
August 17, 2010
Broadridge to Buy NewRiver, an Electronic Prospectus PioneerBroadridge Financial Solutions, Inc. announced that it has signed an agreement to acquire NewRiver, Inc., a leader in electronic investor disclosure solutions, for approximately $77 million.
August 16, 2010
IRS Posts Numbers for Non-U.S. InsurersThe Internal Revenue Service has published figures that insurers based outside the United States need to compute their minimum effectively connected net investment income.
August 16, 2010
Dodd-Frank: Feds Writing a Swaps DictionaryThe U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are asking for comments on the definitions they should use when implementing new swaps market statutes.
August 16, 2010
CFA Rallies Support for Broader Fiduciary StandardThe Consumer Federation of America is urging members to tell the U.S. Securities and Exchange Commission to impose tougher investment product sales rules.