Regulation And Legislation

Displaying 10525 results
REGULATION AND LEGISLATION OCT 03, 2017
Judge overturns SEC sanctions on adviser

Judge says barred broker was supplied false statements by boss, who had 'ultimate authority' over them.

By InvestmentNews
REGULATION AND LEGISLATION OCT 03, 2017
Trump tax plan draws concerns of GOP budget hawks

Sen. Bob Corker, R-Tenn., said the White House is showing 'softness' when discussing how the tax cuts will be paid for, such as by repealing the state and local tax deduction.

By Bloomberg
REGULATION AND LEGISLATION OCT 03, 2017
Borg puts cybersecurity, unpaid arbitration claims on NASAA agenda

Alabama securities director takes helm of state regulators' association for third time, and at age 64 he might still make time to ride his motorcycle.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 03, 2017
Take 5: Tom Giachetti brings humor, insight to regulatory guidance

The regulatory attorney and chairman of the Securities Practice Group gave a typically candid speech about SEC exams at the Raymond James Wealth Managers Conference.

By Jeff Benjamin
REGULATION AND LEGISLATION OCT 02, 2017
Finra considers remote branch inspections, more BrokerCheck info

The exam proposal would apply to 'low-risk' branch offices, while the public database proposal would more closely resemble the SEC's Form ADVs.

By Mark Schoeff Jr.
RETIREMENT PLANNING SEP 29, 2017
DOL fiduciary rule: Challenges for RIAs under the BICE

Recommendations to roll over retirement-plan assets, to transfer IRAs and advice generating additional payments like 12b-1 fees are trouble areas for RIA firms.

By Fred Reish
RIA NEWS SEP 28, 2017
SEC Chairman Jay Clayton doesn't intend to pursue third-party RIA exams

Agency forecasts it will inspect at least 14% of registered investment advisers in current fiscal year, up from 10% in recent years, but still below the 50% rate achieved by Finra for B-Ds.

By Mark Schoeff Jr.
FIXED INCOME SEP 28, 2017
Ex-Morgan Stanley broker at center of Puerto Rico bond disputes

Hurricane damage to island may complicate settlement of claims on munis and closed-end funds.

By Bruce Kelly
MUTUAL FUNDS SEP 28, 2017
House sends safe harbor ETF bill to Trump

Legislation would allow brokerages to produce fund reports not classified as sales offers.

By John Waggoner
RETIREMENT PLANNING SEP 28, 2017
General Electric 401(k) participants sue over poor-performing GE Asset Management funds

Plaintiffs allege GE breached fiduciary duties by selecting proprietary funds.

By Rob Kozlowski
REGULATION AND LEGISLATION SEP 28, 2017
SEC charges three brokers with high-cost unsuitable trading

The regulator alleges the brokers recommended a pattern of high-cost frequent trading without telling clients that such a strategy was unlikely to produce profits.

By Mark Schoeff Jr.
RETIREMENT PLANNING SEP 28, 2017
Tax reform anomaly could diminish some companies' need for 401(k) plan

A dichotomy in the tax treatment of retirement deferrals and business income could discourage creation, maintenance of plans by some pass-through entities.

By Greg Iacurci
REGULATION AND LEGISLATION SEP 27, 2017
Trump tax plan: Congress to decide how much top earners will pay

New details of President Donald J. Trump's tax plan released Wednesday propose cutting the top individual rate to 35%, while leaving it to Congress whether to create another bracket for those with higher income.

By Bloomberg
REGULATION AND LEGISLATION SEP 27, 2017
Lynn Tilton wins SEC fraud trial

An administrative law judge ruled in favor of Ms. Tilton over allegations that she and her firm, Patriarch Partners, bilked investors out of more than $200 million.

By Bloomberg
REGULATION AND LEGISLATION SEP 27, 2017
Wagner introduces bill to kill DOL fiduciary rule

Legislation would establish a different best interest standard that would require brokers to disclose the compensation they receive and any conflicts of interest that are linked to investment products they sell.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION SEP 27, 2017
Advisers see benefits in Trump tax plan, but have many questions

Lower tax rates for pass-throughs would benefit business owners, including many of them, but details surrounding capital gains taxes and the AMT are vague or nonexistent.

By Greg Iacurci
REGULATION AND LEGISLATION SEP 27, 2017
'Rothification' to pay for tax cuts seen as losing momentum, for now

Retirement-savings proponents remain vigilant in protecting deferrals as GOP releases tax-reform framework.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT SEP 26, 2017
Finra bars former Morgan Stanley manager over expense reports

Barbara Waters oversaw administrators in firm's wealth management group.

By InvestmentNews
RETIREMENT PLANNING SEP 26, 2017
Judge dismisses lawsuit by Wells Fargo 401(k) participants

Plaintiffs failed to show the 401(k) plan executives breached their fiduciary duties, according to the judge.

By Rob Kozlowski
REGULATION AND LEGISLATION SEP 26, 2017
SEC's Clayton says agency is 'pushing' toward a fiduciary rule, working with DOL

While Senate hearing focused on recent cyberbreach, SEC chairman highlighted fiduciary duty as 'a priority for me.'

By Mark Schoeff Jr.