U.S. Court of Appeals

  • SEC’s top cop, Khuzami, to leave

    By Melanie Waddell  |  January 10, 2013

    The SEC’s top cop, Robert Khuzami, plans to leave the agency later this month after four years as its enforcement director.

  • Pressure Mounts to Apply Fiduciary Duty to All Broker-Dealers

    By Elizabeth Festa  |  April 5, 2012

    Consumer Federation of America to the Certified Financial Planner Board of Standards, Inc. to the National Association of Personal Financial Advisors all tell SEC: Extend fiduciary, don't listen to complaints about commissions.

  • SEC Begins Fiduciary Fact-Finding Mission

    By Arthur D. Postal  |  April 1, 2012

    The Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers. SEC chairman Mary Schapiro disclosed the agency’s plans in comments at a Feb. 24...

  • Same-Sex Insurance Coverage Breaks New Ground with OPM Order

    By Elizabeth Festa  |  March 27, 2012

    Office of Personnel Management (OPM) complies with Order of the United States District Court for the Northern District of California, withdrawing directives agaisnt enrolling a same-sex spouse of a court employee. With the DOMA Act under appeal, more coverage could come if Justice Department prevails.

  • Stuck in (Business Model) Neutral

    By Arthur D. Postal  |  March 7, 2012

    An intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.

  • The SEC Begins Fiduciary Fact-Finding Mission

    By Arthur D. Postal  |  February 27, 2012

    The Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.

  • Industry Trade Groups Send Letter to DOL

    By Arthur D. Postal  |  January 13, 2012

    Seven industry trade groups sign off on a letter to the Department of Labor.

  • Supreme Court Will Examine PPACA in March

    By Arthur D. Postal  |  December 20, 2011

    The Supreme Court has set a date of March 26 to begin to hear arguments on PPACA. The anti-injunction issue will be first at bat.

  • For YOUR Own Good

    By Elizabeth Festa  |  October 7, 2011

    Dodd-Frank does not require a rule, just the already-completed study. But internal pressure from the advisory and retail investment world is mounting for clarity and a standard rule—as has interest among private firms advisors and some consultants—for those selling life/annuity insurance and other investment products in the broker channel to...

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