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.
Connecticut Puts Phoenix Life and Annuity Issuer in Rehab
By Allison BellThe move will limit the amount of cash life and annuity customers can get from sources backed by PHL's own assets.
May 22, 2024
New Court Filing Seeks to Halt DOL Fiduciary RuleFACC, an insurance group, is asking to delay implementation until its existing lawsuit against Labor is resolved.
May 21, 2024
Louisiana Moves to Adopt NAIC's Annuity Suitability UpdateOne question is what adoption will mean in light of the new DOL fiduciary rule requirements.
May 21, 2024
Annuity Advisor Settles With SEC Over Product RecommendationsRaymond Lent should have considered offering clients fee-based contracts, agency officials said.
May 21, 2024
FDIC Chair to Step Down After Scathing Report on 'Sexualized' CultureMartin Gruenberg says he's prepared to step down once a successor is confirmed.
May 21, 2024
FINRA Sanctions Firm, CEO for Reg BI ViolationsCEO Yong Soo Kim, who is also the firm's chief compliance officer, was suspended for two months.
May 20, 2024
Ex-Advisor Who Lied About Attempting Suicide Gets 3.5 Years for Bilking ClientThe client faced home foreclosure after the advisor failed to make mortgage payments as promised, the DOJ says.
May 17, 2024
RIAs, BDs Must Tell Clients About Data Breaches: SECA new rule amendment requires firms to notify clients within 30 days if private data has been compromised.