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.
Ex-Wells Fargo, LPL Rep Gets 3.5 Years in Prison for Stealing $626K From Clients
By Jeff BermanThe broker pleaded guilty to stealing from clients at both firms to fund his gambling and personal expenses.
August 23, 2023
SEC Fines RIA for Paying Social Media Influencers to Solicit ClientsFundrise Advisors paid more than $8 million to over 200 social media influencers for business, the SEC says.
August 23, 2023
SEC Seeks More Comments on Controversial Custody Rule PlanThe SEC reopened the comment period for 60 days for feedback on its new private fund advisor rules.
August 22, 2023
Where a New DOL Fiduciary Rule Stands NowThe rule appears to be on track to hit OMB any day now, some observers say.
August 21, 2023
FINRA Names New Enforcement ChiefBill St. Louis succeeds Jessica Hopper, who stepped down in February.
August 21, 2023
SEC Brings First Marketing Rule Action; Firm to Pay $1MTitan Global Capital Management's violations included the misleading use of hypothetical performance metrics in ads, the SEC said.
August 18, 2023
SEC Bars Advisor for Working With Revoked Registration, Touting False DesignationThe unregistered advisor didn't tell potential clients she was only licensed to offer and sell insurance products.
August 18, 2023
Ex-Broker Gets Life in Prison for Crimes Tied to Death of ClientKeith Todd Ashley was found guilty of fraud and a gun charge; a murder case is pending.