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.
Betterment to Pay $9M SEC Fine for Tax Loss Harvesting Misstatements
By Jeff BermanTechnical issues cost 25,000 clients a total of $4 million in tax savings, the regulator said.
April 14, 2023
Galvin Appeals Robinhood Ruling That Struck Down State's Fiduciary RuleThe office of Massachusetts' top securities regulator said oral arguments in the case are now set for May 3.
April 14, 2023
FINRA's Expungement Rules Just Got TougherThe new rule imposes stricter standards on "straight-in" expungements and sets up a special roster of arbitrators.
April 13, 2023
Medicare Chief Is Crafting Drug-Price NegotiationsA top Biden administration official is speaking directly with pharma executives to begin hammering out details of the new policy.
April 13, 2023
Advisor Hunted by FBI Indicted Over $10M Fraud SchemeDozens of investors were defrauded through a Ponzi scheme led by Christopher Burns, who disappeared in 2020.
April 13, 2023
Does Reg BI Mean the Death of Broker-Dealers?For advisors, the issue going forward is if they stay away from transaction-based products in favor of a strictly fee-based approach.
April 13, 2023
Phishing Scams on the Rise: FINRAThere are some key ways to spot these scams to protect both clients' identities and their assets, the regulatory group points out.
April 12, 2023
House Panel to Hold Hearing on DOL Indie Contractor RuleThe Labor Department plans to issue a final independent contractor rule in May.