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.
AdvicePay Names New CEO
By Jeff BermanAlex Sauickie succeeds co-founder Alan Moore; he is a veteran fintech exec and a New Jersey assemblyman.
July 26, 2023
LPL Fined $3M for Failing to Investigate Red Flags, Supervise RepsFINRA alleges that at least 50 LPL Financial registered representatives forged electronic signatures on over 1,000 documents.
July 26, 2023
Biden Picks Ex-Maryland Governor to Lead Social Security AdministrationThe seat has been open for more than a year.
July 25, 2023
GOP Spending Bill Keeps DOL Indie Contractor Rule AliveBill includes the Independent Contractor rider, which "would require that no funds be used to block" the Trump-era rule, along with a new DOL rule.
July 25, 2023
17 Celebrities Who Ran Into Tax TroubleWhile some of these A-listers worked with the authorities to settle their charges, others landed behind bars.
July 25, 2023
Ex-LPL Broker Suspended for Teaching Online CoursesThe former broker had five outside business activities without LPL's approval according to FINRA.
July 25, 2023
UBS to Pay $387M in Credit Suisse-Linked Archegos FinesUBS previously warned that legal liabilities related to Credit Suisse could run to $4 billion over 12 months.
July 25, 2023
GAO to DOL: Pay More Attention to 403(b) PlansThe report could also boost efforts to apply a fiduciary rule to non-ERISA 403(b) plans.