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.
NEWS & PRODUCTS, OCTOBER 2007
By Kara P. StapletonFINRA has fined AXA Advisors, LLC, $1.2 million for "failing to adequately supervise its fee-based brokerage business, and for distributing misleading sales literature for its...
October 01, 2007
Helping the Most Vulnerable RetireesLawmakers, the Securities and Exchange Commission, and state regulators are bent on making sure advisors with designations touting expertise when it comes to helping seniors--the...
October 01, 2007
Making Compliance HeadwayFour years since the passage of the SEC's "compliance program rule"--requiring registered investment advisors to adopt and implement compliance policies and procedures, appoint a chief...
October 01, 2007
Difference of OpinionKnut Rostad is the compliance officer for Rembert Pendleton Jackson, an independent advisory firm in Falls Church, Virginia, with $700 million in AUM. Over the...
September 27, 2007
IRS Cancels VA RulingThe Internal Revenue Service has decided to rescind recent advice it gave concerning variable annuity separate account reserve accounting.The IRS is suspending IRS Revenue Ruling ...
September 27, 2007
FINRA Settles with Morgan StanleyMorgan Stanley & Co. will pay the Financial Industry Regulatory authority (FINRA) a total of $12.5 million on behalf of its "former affiliate" Morgan Stanley Dean Witter, (MSDW)according to a FINRA statement.
September 26, 2007
IRS Cancels VA RulingThe Internal Revenue Service has decided to rescind recent advice it gave concerning variable annuity separate account reserve accounting.The IRS is suspending IRS Revenue Ruling ...
September 26, 2007
Ratings Agencies Culprits in Subprime FiascoThe nation's credit ratings agencies did indeed have a role to play in the subprime lending fiasco, members of the Senate Committee on Banking, Housing and Urban Affairs said during a hearing September 26.