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 Wells Fargo Advisors $7M Over Anti-Money Laundering Failures
By Melanie WaddellWells Fargo failed to file at least 34 suspicious activity reports in a timely manner.
May 18, 2022
Ex-Morgan Stanley Reps Suspended After Making Misleading StatementsThe wirehouse terminated both brokers after they made misleading investment statements to clients and prospective clients.
May 18, 2022
Ed Slott Warns Advisors: Know IRS' Secure Act RMD Regs or Risk Getting SuedAdvisors must get educated on the IRS' proposed regs to avoid "everything from embarrassment to litigation," Slott tells ThinkAdvisor.
May 17, 2022
SEC Budget Boost Would Support 5% More Advisor Examiners: GenslerThe SEC exam division also needs to step up Reg BI exams for BDs, Gensler will tell the House Appropriations Committee.
May 17, 2022
Raymond James Is Spending $500M on Tech in 2022, CEO SaysCEO Paul Reilly also talked to ThinkAdvisor about advisors' biggest worries and how the firm would handle a recession.
May 17, 2022
Few RIAs Using Testimonials, Reviews: StudyMost advisors are not ready to comply with the SEC's new marketing rule, fintech firm Indyfin finds.
May 17, 2022
More Reg BI Rollover Guidance Likely on Its Way: SEC ChiefThe agency may elaborate on guidance it gave in March, Gary Gensler said at a NASAA conference.
May 17, 2022
Allianz Unit to Plead Guilty, Pay $5.8B Over Funds' CollapseThe total payout for the Structured Alpha Funds scandal includes a $1 billion fine to the SEC.