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.
REFORM DEAL: Fiduciary Standard Can Apply to Brokers
By Melanie WaddellIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.
June 24, 2010
Saratoga--Not YorktownAgreement between House-Senate conferees on the fiduciary provision was a clear victory--not a final victory--for investors.
June 24, 2010
Loophole in financial reform could hurt seniors, mainstream media suggestsAfter a series of behind-the-scenes efforts resulted in what looks like a substantial victory for foes of the SEC 151A proposal, the non-financial industry media media has painted a more sinister view of what actually occurred this week in Washington.
June 23, 2010
H.R. 4173: Senate Conferees Back Indexed Annuity ProposalThe lawmakers who are representing the Senate in H.R. 4173 conference committee proceedings moved Tuesday to offer the Senate an amendment that would keep most indexed annuities state-regulated.
June 23, 2010
Fed Holds Rates Steady at Historic 0%-0.25% LowsAs expected, the Fed's policy makers held interest rates steady on June 23, once again making no changes to the historically low 0-0.25% fed funds rate.
June 23, 2010
IRS: Please Send in Compliance Check QuestionnairesThe Internal Revenue Service is hoping more of the 1,200 recipients of a 401(k) compliance check questionnaire will complete the questionnaire.
June 23, 2010
SEC Rule 151A Killer: Congress Paves Way For FIAs To Remain State-RegulatedCongress on Thursday took an important step toward clarifying the status of Fixed Indexed Annuities as insurance products rather than securities.
June 22, 2010
Senate Reform Compromise Said to Be SEC Study With Fiduciary Authority at EndSenator Christopher Dodd (D-Connecticut) told House conferees in the late afternoon of Tuesday, June 22, that the Senate would present a counteroffer that day on whether to put brokers under a fiduciary standard of care.