The House measure lifts the cap on state and local tax deductions to $80,000 from the current $10,000 limit, while a Senate proposal would cap the deduction based on income.
The agency seized $3.5 billion worth of cryptocurrencies in fiscal 2021, accounting for 93% of all assets seized, and an IRS official says he expects that trend to continue next year.
The agency filed 434 new cases in fiscal 2021, while ordering $3.9 billion in penalties and disgorgement, down from $4.7 billion in fiscal 2020.
In a recent speech, SEC Commissioner Allison Herren Lee pointed out how the annuity rule differs from Reg BI on mitigating conflicts of interest.
Democrats back the legislation, but Republicans are united against it. While the measure was passed by a House committee, an advocate calls winning congressional approval a 'Herculean task.'
The regulator is considering how to utilize in-person and remote participation to capture 'the best of both worlds,' CEO Robert W. Cook said.
Mercy Health Corp. was sued last year over plan fees and investment options. Separately, a new lawsuit was filed against Olin Corp.
Developing a tailored regulatory filing form for RILAs could help investors better understand the product. The proposal has the backing of the insurance industry and investor advocates.
Opponents of Washington's long-term care insurance program are claiming that it violates a handful of laws.
Generally, financial industry groups encouraged state regulators to narrow the measure, while advocates want them to expand it.
Finra said at the start of the year it was looking into possible violations by registered representatives who applied for coronavirus-relief loans.
House Democrats have proposed increasing the cap to $80,000 from $10,000 through the end of the decade; Senate Democrats are working on a less generous option.
The board also released a proposal to establish an appeals commission to hear appeals of rulings by the Disciplinary and Ethics Commission.
They also want to extend the 15-day window under state and Finra rules to hold disbursements from accounts when abuse is suspected.
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
After buying his first Bitcoin six years ago for $235, Steve Larsen believes the digital currency is still a value at over $66,000.
Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.
The legislation would also expand access to workplace plans by creating more opportunities for part-time workers to join and allowing 403(b) plans to participate in multiple-employer and pooled employer plans.
NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.
The law firms that filed the case point to record-keeping fees that were higher than those for other plans they identified.
