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.
Barred Broker Sentenced to Prison for $12M Ponzi Scheme
By Jeff BermanMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
July 07, 2022
SEC's First Reg BI Action Singles Out Individual AdvisorsUntil recently, how the commission would interpret and enforce the new rules was largely unknown.
July 06, 2022
Barred Broker Who Did Merrill Stint Indicted in $100M Crypto ScamJoshua David Nicholas and two other defendants were charged with conspiracy to commit wire fraud and securities fraud.
July 05, 2022
Morgan Stanley Fires 90-Year-Old Broker Arrested for Shooting Business PartnerLeonard David Bernstein shot Chris Bayouth as many as five times, according to police.
July 05, 2022
Scott MacKillop: The SEC Warning TAMPs Don't Want to Talk AboutSEC is increasing scrutiny of TAMP selection, so choose carefully, the First Ascent Asset Management CEO warns.
July 05, 2022
4 Tips to Avoid Rollover Problems Under New DOL RuleHere's how to make your rollover process compliant, according to lawyer Fred Reish and other compliance pros.
July 01, 2022
Ex-Broker Pleads Guilty to Bilking More Than 100 InvestorsRobert Louis Cirillo also admitted to filing tax returns that failed to report income from the scam, prosecutors said.
July 01, 2022
ESG Funds Plan May Create 'Garbage In, Garbage Out' Problem: SEC RoundupIn this episode, ICI President Eric Pan and Paul Hastings partner Ira Kustin discuss the possible unintended consequences of the SEC's ESG proposal.