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.
DOL Proposes 401(k) Advice Rules
By Melanie WaddellThe U.S. Department of Labor (DOL) announced August 20 two proposed rules under the Pension Protection Act (PPA) designed to make investment advice more accessible...
August 22, 2008
NAIFA To Oppose SEC Annuity ProposalThe National Association of Insurance and Financial Advisors says it will fight efforts by the U.S. Securities and Exchange Commission to classify indexed annuities as ...
August 19, 2008
IRS Collects Accounting Change RulesThe Internal Revenue Service has published a guide to getting automatic IRS consent for changes in accounting methods.The guide, given in IRS Revenue Procedure 2008-52, ...
August 19, 2008
Outgoing Ala. Commissioner Heads To Swiss ReSwiss Reinsurance Company is bringing in Alabama Insurance Commissioner Walter Bell to run Swiss Re America Holding Corp.Bell, a former president of the National Association ...
August 19, 2008
Outgoing Ala. Commissioner Heads To Swiss ReSwiss Reinsurance Company is bringing in Alabama Insurance Commissioner Walter Bell to run Swiss Re America Holding Corp.Bell, a former president of the National Association ...
August 18, 2008
Court Rules Against IRS's Tax Position on Insurance Company DemutualizationA recent federal court decision ruled against the IRS's stance that policyholders who receive stock in a mutual-to-stock conversion of an insurance company--known as a demutualization--must pay taxes on the proceeds when the stock is sold.
August 17, 2008
Court Backs Mutual Policyholders Who Get Stock In ConversionsThe Internal Revenue Service inappropriately requires policyholders who receive stock in a mutual-to-stock conversion to pay taxes on the proceeds when the stock is sold, ...
August 17, 2008
Discount Split-Dollar's Ability To Withstand IRS Scrutiny DebatedIf you're looking for a hot new technique to pitch to your affluent clientele, here's one to consider: the intergenerational private split-dollar arrangement. If it ...