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.
SEC Fines RIA for Paying Social Media Influencers to Solicit Clients
By Melanie WaddellFundrise Advisors paid more than $8 million to over 200 social media influencers for business, the SEC says.
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.
August 18, 2023
Goldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyThe back-office hiring binge comes as the firm cuts executives from money-making ranks amid a business slump.
August 16, 2023
FINRA Says Video Conferences Now a Permanent Hearing OptionVideo conference hearings will be allowed for disciplinary and enforcement hearings under certain conditions.
August 16, 2023
FINRA Adopts Stricter Expungement RulesRequests for "straight-in" expungements will now have to be heard by a special roster of arbitrators.