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.
Fidelity, Russell and SEI Quizzed by DOJ as Ken Leech Probe Ramps Up
By Ava Benny-Morrison & Silla BrushMoney managers that used Western Asset Management to help invest their bond portfolios are being questioned by authorities.
October 18, 2024
Dropped Accountant Cases May Lead to Federal Court Bars: SEC RoundupThe SEC may move away from administrative proceedings in accountant cases, according to former enforcement director Andrew Ceresney.
October 18, 2024
Clients Can Tap Their 401(k) After a Disaster. Here's What to Know.The Secure Act made significant changes with respect to disaster-related distributions from retirement accounts.
October 16, 2024
Client Sues Barred Broker Over 'Devastating' Life Insurance PlanBarred brokers selling complex life insurance plans is a growing problem, the client's lawyer says.
October 16, 2024
Ex-Ameriprise Broker Sanctioned Over Leveraged ETFsGeorge Snyder IV recommended ETFs not typically advised for retail investors, FINRA says.
October 16, 2024
Citadel Securities to Pay $1M Over CAT Reporting FailuresCitadel Securities fell short on reporting data for tens of billions of order events, FINRA says.
October 16, 2024
XYPN Unveils 'New Path to Independence' via Corporate RIA, With a TwistThe Sapphire offering differs from other corporate RIAs in key ways, co-founders Michael Kitces and Alan Moore say.
October 15, 2024
Ameriprise Says LPL Urged Advisor to Improperly Lure ClientsLPL's "regular pattern and practice is to encourage recruits to violate their contractual agreements," Ameriprise alleges.