William Byrnes' Tax, Wealth, and Risk Intelligence

William Byrnes (Texas A&M) tax & compliance articles

Posts Tagged ‘Financial regulation’

New Proposed Rules for Broker-Dealers and Investment Advisers

Posted by William Byrnes on May 3, 2011

The SEC recently considered a proposal that would prohibit incentive-based compensation practices that may encourage inappropriate risk.

The proposal arises from Section 956 of the Dodd-Frank Act, which requires the SEC along with six other financial regulators to jointly adopt regulations or guidelines governing the incentive-based compensation arrangements of certain financial institutions. These institutions include broker-dealers and investment advisers with $1 billion or more of assets.

In particular, the Dodd-Frank Act calls upon the regulators to do two things:  Read the analysis at AdvisorFYI

Posted in Compliance, Wealth Management | Tagged: , , , , , , , | Leave a Comment »

%d bloggers like this: