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.
Advisor Accused of Taking $1.6M Faces Wire Fraud Charge
By Dinah Wisenberg BrinProsecutors allege that the wealth manager misappropriated client funds, using them for her real estate business.
February 23, 2024
LPL Facing SEC Fine as High as $50M Over Texts, App UseTwo weeks ago, 16 other firms agreed to pay more than $81 million for similar issues.
February 23, 2024
California Legislature OKs Annuity Sales Rule UpdateApproval gives Gov. Gavin Newsom a chance to weigh in on financial services regulation.
February 23, 2024
Ex-Broker Hit With Reg BI Fine, SuspensionA former Network 1 Securities rep recommended excessive trades in a 63-year-old client's account, FINRA says.
February 23, 2024
DOL: Retirement Plan Administrator Embezzled $5.5MA firm and its owner transferred assets from 17 plans into their own corporate accounts, the department says.
February 23, 2024
New SEC Dealer Rule Will Hit Private Funds: SEC RoundupAIMA's Suzan Rose says the rule expands BD registration to entities not traditionally considered as such.
February 22, 2024
Final DOL Fiduciary Rule Likely Out This YearThe rule is likely on a clock driven by the presidential election, ERISA lawyer Brad Campbell said.
February 22, 2024
Broker Suspended After Raising Funds for Fitness BusinessThe suspended advisor raised over $10 million for his Texas company without employer approval, FINRA says.