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.
New IRS Unit to Focus on Tax Dodging by Pass-Throughs
By Melanie WaddellThe unit will crack down on large partnerships using pass-throughs to shield income, IRS' commissioner said.
September 19, 2023
SEC Sues Firm That Managed Billions for Russian OligarchConcord Management didn't register but invested over $7 billion for Roman Abramovich with no oversight.
September 18, 2023
SEC to Vote Wednesday on Rule to Curb Misleading Fund NamesA fund industry trade group says it's concerned about the "sweeping scope" of the rule.
September 18, 2023
Hunter Biden Sues IRS Over Tax Disclosures by Agency EmployeesThe lawsuit refers to an "assault" on his rights from the televised disclosure of confidential tax information.
September 18, 2023
IRS to Hire 3,700 Agents to Audit Wealthy Tax DodgersThe new hires will be specialized agents focused on high earners and complex partnerships, the IRS says.
September 15, 2023
Ex-Wells Fargo Exec Avoids Prison Over Accounts ScandalCarrie Tolstedt agreed to a ban on working in the banking industry and to pay $21 million in civil penalties to regulators.
September 15, 2023
New Bill Requires IRS to Create Short Form for Taxpayers Living AbroadThe bill would also expand the Foreign Earned Income Exclusion to include retirement income earned overseas.
September 14, 2023
8 Marketing Rule Documents the SEC Requests During ExamsThe agency has already fined firms that have failed to comply, and it's looking for more offenders.