Regulation And Legislation

Displaying 10510 results
Watch that RMD deadline, and other advice from the Retirement Income Summit
RETIREMENT PLANNING AUG 17, 2020
Watch that RMD deadline, and other advice from the Retirement Income Summit

Despite the relief provided by the CARES Act, people are more worried about retirement than ever, and their concept of it is changing, panelists said

By Emile Hallez
Democrats oppose DOL investment advice rules as convention begins
REGULATION AND LEGISLATION AUG 17, 2020
Democrats oppose DOL investment advice rules as convention begins

Vice presidential pick Kamala Harris signed a comment letter seeking withdrawal of the measure in August

By Mark Schoeff Jr.
SEC orders firm to pay for share-class disclosure failures
PRACTICE MANAGEMENT AUG 14, 2020
SEC orders firm to pay for share-class disclosure failures

Fresno, California-based SCF Investment Advisors took 12b-1 fees from mutual funds and revenue sharing from money market funds

By Mark Schoeff Jr.
No plan to end payroll tax permanently, White House says
RETIREMENT PLANNING AUG 14, 2020
No plan to end payroll tax permanently, White House says

Trump has suggested getting rid of the taxes several times recently, a move that threatens the solvency of Social Security and Medicare

By Bloomberg
McKinsey settles 401(k) suit for $39.5 million
RETIREMENT PLANNING AUG 13, 2020
McKinsey settles 401(k) suit for $39.5 million

Huntington Bancshares also settles a retirement plan lawsuit, while American Airlines sees a surprise win

By Emile Hallez
Advisers frustrated with Washington stalemate over pandemic relief
RIA NEWS AUG 13, 2020
Advisers frustrated with Washington stalemate over pandemic relief

They urge getting money into the hands of Americans to boost consumer spending

By Mark Schoeff Jr.
SEC highlights compliance risks amplified by pandemic
PRACTICE MANAGEMENT AUG 12, 2020
SEC highlights compliance risks amplified by pandemic

The regulator wants firms to beef up supervision of remote workers and increase controls on fees and expenses

By Mark Schoeff Jr.
Merrill puts trainees’ sales efforts on hold
PRACTICE MANAGEMENT AUG 12, 2020
Merrill puts trainees’ sales efforts on hold

Calls by adviser newbies were violating compliance rules, report says

By InvestmentNews
SEC charges head of defunct California RIA with fraud
RIA NEWS AUG 12, 2020
SEC charges head of defunct California RIA with fraud

The agency says Brendan Ross manipulated data to show higher fund returns

By InvestmentNews
SEC updates info for dually registered advisers on Reg BI
RIA NEWS AUG 11, 2020
SEC updates info for dually registered advisers on Reg BI

New frequently asked questions tackle account decisions and the use of titles

By Mark Schoeff Jr.
Former LPL rep fined $5,000 over false signatures
INDEPENDENT BROKER DEALERS AUG 11, 2020
Former LPL rep fined $5,000 over false signatures

John McConkie signed documents for his supervisor

By InvestmentNews
Trump keeps $1.2 trillion of student-loan debt on ice
REGULATION AND LEGISLATION AUG 11, 2020
Trump keeps $1.2 trillion of student-loan debt on ice

The measure would postpone both repayments and the accumulation of interest through year-end on loans held by the federal government

By Bloomberg
Trump says he's considering capital gains tax cut
REGULATION AND LEGISLATION AUG 11, 2020
Trump says he's considering capital gains tax cut

The president could issue an executive order that indexes capital gains to inflation, which would cut investors' tax bills

By Bloomberg
Interactive Brokers fined $38 million for lapsed money laundering oversight
PRACTICE MANAGEMENT AUG 10, 2020
Interactive Brokers fined $38 million for lapsed money laundering oversight

Finra, along with two other regulators, levied fines against the broker-dealer for widespread system failures

By Jeff Benjamin
Wendy Lanton, Jim Nagengast elected Finra governors
REGULATION AND LEGISLATION AUG 10, 2020
Wendy Lanton, Jim Nagengast elected Finra governors

Lanton represents small firms; Nagengast reelected to represent large firms

By InvestmentNews
IRS gives businesses a break for donations related to SALT cap
REGULATION AND LEGISLATION AUG 10, 2020
IRS gives businesses a break for donations related to SALT cap

Businesses that donate to charities in exchange for a state tax credit can deduct those costs from their federal taxes, according to new regulation

By Bloomberg
Trump’s payroll tax deferral raises red flags on Social Security
REGULATION AND LEGISLATION AUG 10, 2020
Trump’s payroll tax deferral raises red flags on Social Security

The president is relying on an expansive and controversial reading of executive power that likely will face legal challenges

By Bloomberg
Pass it along
RETIREMENT PLANNING AUG 09, 2020
Pass it along

Wealth transfer isn’t just for the well-heeled anymore as business owners and families of wide-ranging income levels embrace the latest strategies to keep intergenerational assets in the family — and out of the hands of the IRS

By Emile Hallez
SEC penalizes two RIAs $1 million over order flow payments
REGULATION AND LEGISLATION AUG 07, 2020
SEC penalizes two RIAs $1 million over order flow payments

New Jersey-based WBI Investments and Millington Securities allegedly made misleading statements

By InvestmentNews
SEC charges RIA with insider trading
RIA NEWS AUG 07, 2020
SEC charges RIA with insider trading

Former NFL player Jack Brewer allegedly used nonpublic information to sell shares in COPsync

By InvestmentNews