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.
December 22, 2004
SEC Considers New Broker-Dealer Comp SolutionFederal securities regulators are asking for public comments about a proposal that would give broker-dealers more freedom to shift to fee-based and asset-based compensation ...
December 22, 2004
Feds Ask: When Are Broker-Dealers Advisors?NU Online News Service, Dec. 22, 2004, 10:05 a.m. ESTThe U.S. Securities and Exchange Commission is considering an issue that could affect life insurance ...
December 21, 2004
IRS Starts Interpreting New Deferred Comp LawThe Internal Revenue Service has published its first batch of guidance for taxpayers who are interested in the new Internal Revenue Code Section 409A.[@@]The ...
December 20, 2004
Two Franklin Units Settle With SECDec. 13, 2004 -- Two units of Franklin Resources (BEN) agreed to pay $20 million to settle charges that they paid brokers to promote Franklin's...
December 17, 2004
SEC Warns New England Life Of Possible SuitNU Online News Service, Dec. 17, 2004, 5:50 p.m. ESTA unit of MetLife Inc., New York, could face legal action by federal regulators.[@@]The U.S. ...
December 15, 2004
Uncle Sam Gives Accountants Peek At ReturnNU Online News Service, Dec. 15, 2004, 5:04 p.m. ESTThe Internal Revenue Service has posted a draft of the U.S. Life Insurance Company Income ...
December 14, 2004
SEC Grants AIG Units ReliefA temporary order will let the investment advisor and broker-dealer units of a large financial services company proceed with normal operations.[@@]The units, part of ...
December 13, 2004
The Uptick Rule's Long Goodbye Gets LongerWASHINGTON (HedgeWorld.com)--The Securities and Exchange Commission has delayed the start of pilot program for the suspension of the "uptick rule" for short sales. The pilot, established by the SEC on July 28 (see Previous HedgeWorld Story) and previously scheduled to commence on Jan. 3, 2005, will formally suspend the provisions...
December 13, 2004
No Satisfaction: Dissenters Rip SEC Hedge Fund RuleWASHINGTON (HedgeWorld.com)--Calling the Securities and Exchange Commission's new rule to require registration of hedge fund managers as investment advisers "the wrong solution to an undefined problem," Commissioners Cynthia A. Glassman and Paul S. Atkins vented months of frustration with the SEC's rulemaking process and its result in a 30-page dissent...
December 13, 2004
Registration Could Spell Good Times for SomeSUMMIT, N.J. (HedgeWorld.com)--David Claypoole is enthusiastic about the effects that the Securities and Exchange Commission's new rule requiring the registration of most hedge funds will have on his firm. Mr. Claypoole is founder of Parks Legal Placement LLC, which recruits attorneys and other compliance professionals for hedge funds, other financial...