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 to Give 12b-1 Fees a Structural Revamp
By Melanie WaddellThe Securities and Exchange Commission (SEC) said Wednesday, July 21, it planned to do away with 12b-1 fees as they are currently structured.
July 20, 2010
Schapiro Backs Off From Indexed Annuity FightThe U.S. Securities and Exchange Commission will be retreating from the Rule 151A battle but releasing a request for comments on a standard-of-care study "very soon," SEC Chairman Mary Schapiro said today.
July 20, 2010
Schapiro Backs Off From Indexed Annuity FightThe U.S. Securities and Exchange Commission will be retreating from the Rule 151A battle but releasing a request for comments on a standard-of-care study "very soon," SEC Chairman Mary Schapiro said today.
July 20, 2010
In Financial Reform Bill, SEC Facing 'Many Hurdles,' Lawmaker SaysSEC expects to add 800 positions to carry out new duties under Dodd-Frank bill.
July 20, 2010
Obama Signs H.R. 4173When President Obama signed H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act bill, into law at 11:49 a.m. today, he created an avalanche of new work for the executive branch.
July 20, 2010
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market VolatilityGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 19, 2010
Congress Plans SEC Oversight Hearing for July 20Securities regulator also announces it will add three new offices to Division of Corporation Finance.
July 19, 2010
Goldman Sachs Video Testimony Highlights Suitability StandardThe Committee for the Fiduciary Standard released June 16, highlights of Goldman Sachs executives testifying before Congress in hearings that investigated the "causes and consequences of the financial crisis," according to Senator Carl Levin.