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.
Raymond James Preps for DOL's Independent Contractor Proposal
By John ManganaroLeaders at Raymond James say they're getting ready for both best- and worst-case scenarios.
May 05, 2023
Oppenheimer Ordered to Pay Another $14M Over Ponzi SchemeA FINRA arb panel ruled against Oppenheimer for a third time after clients were steered to invest in a sketchy fund.
May 05, 2023
SEC Hits Firm, Advisor Over Leveraged ETFs in PortfoliosThey breached their fiduciary duty by failing to understand these funds' substantial risks, the SEC said.
May 04, 2023
Merrill to Pay $1.4M Over Cold CallingAdvisor trainees called numbers on do-not-call lists, according to New Hampshire regulators and FINRA.
May 04, 2023
NAIFA to Move HeadquartersThe agent and advisor group's new neighbors could include Politico and Raytheon.
May 03, 2023
BrokerCheck to Show Problem Firms' 'Restricted' StatusStarting June 1, FINRA will label high-risk firms on the site.
May 03, 2023
$20M Securities Scam Targeted Church Members, DOJ, SEC SayThe scammer invoked his Christian faith and attributed his success to divine intervention, the SEC said.
May 03, 2023
SEC Boosts Private Fund Reporting RequirementsFund advisors will be required to make timely reports of certain events that could point to stress or systemic risk.