Regulation And Legislation

Displaying 10529 results
RJ subs to pay $2.1M for allegedly charging jacked-up commissions
REGULATION AND LEGISLATION SEP 23, 2011
RJ subs to pay $2.1M for allegedly charging jacked-up commissions

Finra claims two B-Ds established inflated schedules and rates on securities' transactions; brokerages neither admitted nor denied the charges

By Bruce Kelly
INsider: Barney Frank — the financial services industry's unlikely ally
REGULATION AND LEGISLATION SEP 23, 2011
INsider: Barney Frank — the financial services industry's unlikely ally

In a surprising twist, the influential Democrat has helped slow down efforts to expand fiduciary duty

By Bloomberg
REGULATION AND LEGISLATION SEP 23, 2011
Obama's tax ideas irk higher-income advisory clients

Certain tax proposals President Barack Obama is seeking as part of his plan to help America “live within its means” would be especially damaging to a broad swath of financial advisory clients — and not just the superrich ones

By Liz Skinner
Buffett rule works for millennials, poll finds
REGULATION AND LEGISLATION SEP 23, 2011
Buffett rule works for millennials, poll finds

Under-30 set say wealthy should put a higher tax rate than middle-income earners

By Bloomberg
NAIFA sends members to Hill to fight DOL fiduciary rule
REGULATION AND LEGISLATION SEP 23, 2011
NAIFA sends members to Hill to fight DOL fiduciary rule

More than 1,000 members of the National Association of Insurance and Financial Advisors lobbied members of Congress and their staffs to try to kill a Labor Department rule that would expand the definition of a fiduciary for those providing advice about retirement plans

By Mark Schoeff Jr.
Rajaratnam guilty on all counts in insider trading case
REGULATION AND LEGISLATION SEP 23, 2011
Rajaratnam guilty on all counts in insider trading case

By Doug Cubberley
Senate roadblock may be last hope for SRO opponents
REGULATION AND LEGISLATION SEP 22, 2011
Senate roadblock may be last hope for SRO opponents

Bachus bill could stall in upper chamber, but observers say Finra lobbying effort might help push it through

By Mark Schoeff Jr.
Judge upholds ex-agent's misrepresentation claims in Allstate suit
LIFE INSURANCE AND ANNUITIES SEP 22, 2011
Judge upholds ex-agent's misrepresentation claims in Allstate suit

A federal judge agreed with a 28-year veteran agent that he was muscled out of his book of business by The Allstate Corp.

By Darla Mercado
Finra's Ketchum: We can oversee advisers, too
REGULATION AND LEGISLATION SEP 22, 2011
Finra's Ketchum: We can oversee advisers, too

SRO's boss will tell Congress self-regulator 'uniquely positioned' to monitor investment advisers

By John Goff
Deaf investment adviser defrauded 7,000 deaf clients: SEC
REGULATION AND LEGISLATION SEP 22, 2011
Deaf investment adviser defrauded 7,000 deaf clients: SEC

Texas man raked in more than $3.45M from alleged scheme

By Liz Skinner
MSRB floats tough new rules for advisers in the muni market
RETIREMENT PLANNING SEP 22, 2011
MSRB floats tough new rules for advisers in the muni market

Regulator aims to impose fiduciary standard, compensation limits in bid to eliminate conflicts of interest

By Liz Skinner
REGULATION AND LEGISLATION SEP 22, 2011
California backs off on tough provisions in proposed law for indie contractors

A controversial California bill that would punish firms for misclassifying employees as independent contractors was amended last week, lightening the compliance burden for broker-dealers

By Darla Mercado
Finra's fines don't match the crimes, critics say
REGULATION AND LEGISLATION SEP 22, 2011
Finra's fines don't match the crimes, critics say

Claim possible appointment of SRO to oversee advisers could end up costing investors; regulator insists it's 'natural organization to be part of the solution'

By John Goff
INDEPENDENT BROKER DEALERS SEP 22, 2011
Two reps could lose securities licenses for selling life settlement notes

A pair of registered representatives with Planmember Securities Corp. in Texas face the loss of their securities licenses and fines of $100,000 each for the improper sale of life settlement notes.

By Darla Mercado
Morgan Keegan on the block after $210M settlement?
REGULATION AND LEGISLATION SEP 20, 2011
Morgan Keegan on the block after $210M settlement?

Morgan Keegan could be on the block after reaching a $210M settlement with regulators over valuations of subprime mortgages in mutual funds; 39,000 investors lost $1.5 billion.

By Andrew Osterland
Finra oversight of advisers gaining 'mo
RIA NEWS SEP 19, 2011
Finra oversight of advisers gaining 'mo

A parade of Industry experts and regulators testified in front on a Congressional panel today on whether investment advisers need a self-regulatory organization. The upshot? An SRO is necessary -- and Finra may be the best bet for the job.

By Liz Skinner
REGULATION AND LEGISLATION SEP 17, 2011
Biggest losers

UBS took a massive $2B hit from what it says was unauthorized trading by an employee. The loss puts the Swiss bank in elite company, along with several other financial institutions that have been rocked by bad bets. Here's the ten worst in recent years.

By John Goff
CFTC head won't draw line on swaps reform
REGULATION AND LEGISLATION SEP 16, 2011
CFTC head won't draw line on swaps reform

Gensler says JPMorgan loss proves regulations need to cover international contracts, as well

By Mark Schoeff Jr.
REGULATION AND LEGISLATION SEP 16, 2011
Insurers out to kill fiduciary standard, planners say

Financial Planning Coalition sends petition to Congress urging adoption of single standard of care; 'isolated pocket of opposition'

By Mark Schoeff Jr.
LIFE INSURANCE AND ANNUITIES SEP 16, 2011
Ex-Allstate agent sues for $15M, alleges he was forced out

Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier muscled him out of his book of business and passed it on to a newer, younger agent

By Darla Mercado