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.
FINRA Bars 2 Reps for Cheating on Remote Exams
By Melanie WaddellBoth reps were barred for accessing the internet while taking a FINRA registration exam online.
July 12, 2022
SEC Needs Budget Boost to Enforce Reg BI: IRI to SenatorsThe SEC is seeking an 8% increase in its budget for fiscal year 2023, part of which will go toward oversight of Reg BI compliance.
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.