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-Broker Gets Life in Prison for Crimes Tied to Death of Client
By Jeff BermanKeith Todd Ashley was found guilty of fraud and a gun charge; a murder case is pending.
August 16, 2023
FINRA Adopts Stricter Expungement RulesRequests for "straight-in" expungements will now have to be heard by a special roster of arbitrators.
August 16, 2023
IRS Cuts Wait Times, Makes New HiresThe IRS says it has reached several milestones with funds from the year-old Inflation Reduction Act.
August 15, 2023
New York Life Joins MOVEit Breach Notice ListOverall, the breach may have exposed the data of more than 41 million people and 677 organizations worldwide.
August 15, 2023
Tax Watchdog Says IRS Botched Oversight of Taxpayer RecordsA new report suggests the IRS has mishandled and misplaced key tax records and sensitive information for individuals and businesses.
August 14, 2023
Schwab-TD Deal Unlikely to Unravel Due to Biden's Draft Merger Guideline"Unwinding mergers after the fact is exceedingly difficult," a Georgetown antitrust expert said.
August 14, 2023
UBS to Pay $1.44B to Settle DOJ Mortgage-Bond CaseThe bank was accused of "knowingly and repeatedly" making false and fraudulent statements about the loans backing the securities.
August 11, 2023
Ex-LPL Broker Gets 4 Years in Prison for Raiding Older Clients' AnnuitiesOne affected client had dementia and another had suffered a traumatic brain injury, according to the Justice Department.