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.
Two Franklin Units Settle With SEC
By Staff WriterDec. 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 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...
December 10, 2004
SEC Posts Final Hedge Fund Advisor RegulationsFederal regulators have completed work on controversial regulations meant to bring more oversight to the world of hedge funds.[@@]The U.S. Securities and Exchange Commission ...
December 06, 2004
SEC Releases Final Hedge Fund Rule, with No SurprisesWASHINGTON (HedgeWorld.com)--Little differs between the proposals the Securities and Exchange Commission originally made regarding its regulation of hedge fund managers and the final rule it just published Little, perhaps, except for the lengthy documentation providing the agency's reasoning behind its new rule 203 (b)(3)-2 and accompanying the final rule. In...
December 06, 2004
Regulators To Ask IRS About ReservingThe National Association of Insurance Commissioners has voted to talk to the U.S. Treasury Department about tax issues affecting insurers.[@@]A tax talk motion passed ...