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.
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILL
By Melanie WaddellBill 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 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 ...
July 13, 2010
SEC's CIO Retiring to Pursue Ordination as a DeaconThe SEC's chief information officer, Charles Boucher, is leaving the agency, after serving in this post since 2008, the SEC said July 12. Boucher plans to focus on non-profit work and religious studies as he prepares for ordination as a deacon.
July 13, 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 13, 2010
SEC's CIO to RetireCharles Boucher, head of IT for the Securities and Exchange Commission and a former Morgan Stanley executive, is set to leave the financial-services field.