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Upcoming Web Conference

For Financial Advisors
"Market Outlook – 2010"
Wednesday, December 2, 2009

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FSI Engaged on Regulatory Reform

On November 10, 2009, Senate Banking Committee Chairman Chris Dodd (D-CT) released a discussion draft of the Restoring American Financial Stability Act of 2009. This is the Senate’s bill designed to address the issues raised in the Administration’s Regulatory Reform White Paper. Click here to read more.

FSI Supports FINRA’s Proposal to Streamline Advertising Rules

The Proposed Rule seeks to streamline the existing advertising rules by reducing the number of communications categories from six to three. Click here for more information.

FSI Comments on the SEC’s Strategic Plan

The Strategic Plan sets out the Commission’s mission, vision, values, and strategic goals for fiscal years 2010 through 2015. Among other items, the Strategic Plan indicates the SEC will address 12b-1 fees, point of sale disclosures, and investor education programs during the relevant period. Click here for more information.

FSI Supports FINRA’s Amended Rule 8210

The Proposed Rule would clarify the scope of FINRA’s authority, specify the method of service for certain unregistered persons under the rule, and authorize service on attorneys who are representing clients. Click here to read more.

Agencies Release Final Model Privacy Notice

FSI is pleased to report that many of our suggested revisions and other comments were incorporated into the final model form. Click here to read more.

IRS to Audit 6,000 Companies for Independent Contractor Compliance

The Internal Revenue Service (IRS) has announced plans to audit the tax returns of 6,000 companies in an effort to study compliance with independent contractor classification requirements and other federal tax obligations. Click here to read more.

Independent Contractor Status Threatened

Rep. McDermott has agreed to work with FSI to find a solution to concerns in H.R. 3408, the Taxpayer Responsibility, Accountability and Consistency Act of 2009. The bill's core provisions make it more difficult for employers to classify workers as independent contractors. Click here to read more.

Industry Groups Urge Congress to Reconsider CFPA

The Senate Banking Committee’s (SBC) discussion draft of the Restoring American Financial Stability Act of 2009 contains sections that address the creation of a Consumer Financial Protection Agency (CFPA). Click here to read more.