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.
'Educators Are Angry': Equitable's $50M Penalty Points to Wider 403(b) Problems
By Melanie WaddellEquitable was fined for sending misleading fee statements to 1.4 million investors, mainly teachers.
July 26, 2022
UBS Says It's Part of Probe Into Unapproved Staff MessagingRegulators are set to levy $1 billion in fines on the biggest banks for failing to monitor employees' use of unauthorized messaging apps.
July 25, 2022
Booming ETFs That Worry Wall Street Watchdogs Rake In Billions"We have this bizarre situation where products have launched and then the SEC staff is saying not to use them," said one ETF expert.
July 22, 2022
Mesirow Financial Hit With Revenue Sharing Violations, Including 12b-1 FeesMesirow had an incentive to recommend mutual funds that paid its affiliated broker, the SEC said.
July 22, 2022
Debate: Should Congress Renew Advance Payments of Child Tax Credits?Two professors discuss whether to resume the advance payments for the second half of 2022 and beyond.
July 22, 2022
FINRA Bars Ex-Wells Fargo Broker After Fraud ComplaintThe former broker refused to testify in an investigation of his conduct, FINRA says.
July 22, 2022
RIA Hit With $5.8M SEC Penalty for 12b-1 Fee Infractions Tied to Wrap AccountsAdvisors avoided transaction fees in wrap accounts by investing clients' assets in funds with 12b-1 fees.
July 21, 2022
House Again Asks SEC for an Index-Linked Annuity Filing FormThe House attached similar pleas to the 2020 and 2021 appropriations packages.