Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
TD Fined $3.1B, Hit With Asset Cap Over Money Laundering
By Christine Dobby & David VoreacosThe news follow Toronto-Dominion Bank's guilty plea over its failure to prevent money laundering by drug cartels and other criminals.
October 09, 2024
Merrill Asks Judge to Dismiss Ex-Advisor's Suit Over Deferred CompThe advisor said he forfeited $500,000 in unvested funds allocated to an award plan.
October 09, 2024
FINRA Bars Former Morgan Stanley AdvisorRobert Daly declined to provide information for a probe related to possible undisclosed private securities transactions, FINRA said.
October 08, 2024
UBS Accuses Ex-Advisor of 'Brazen' Attempts to Take ClientsDouglas Frew denies allegations he went to one client's home and called another 10 times.
October 08, 2024
FINRA Bars Ex-Rep Ousted for Outside Business ActivityA former New York Life Securities rep charged fees for outside services that he failed to disclose.
October 07, 2024
Stifel Must Pay Clients Over $14M in Structured Notes Case: FINRA PanelThe award includes $9 million in punitive damages.
October 07, 2024
Top DOL Official Sees a 'Nonsensical' Reality at Heart of Fiduciary FightThe current state of best-interest regulation is too complicated for retirement investors to understand, says Ali Khawar.
October 07, 2024
Millions of Americans Dodging Taxes on Early Retirement WithdrawalsNearly 3 million taxpayers who received $12.9 billion failed to pay the extra 10% tax, a report finds.