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.
Ex-Ameriprise Rep Who Defrauded Retirees Gets 14 Years in Prison
By Jeff BermanThe former broker scammed clients out of over $12 million as part of a real estate investment scheme.
December 13, 2021
J.P. Morgan Ordered to Pay $4M to Client in FINRA Arb DisputeThe client alleged the firm made unsuitable trades in her account, including in high-risk equities and "junk bonds."
December 13, 2021
FINRA Caps Off UIT Rollover Sweep With $2M Fine on Wells Fargo UnitThe sweep, which began in 2019, yielded more than $23 million in fines and restitution, FINRA said.
December 13, 2021
Trendspotter: 401(k) Participants Are Staying in Plans After RetirementFor some advisors, this trend raises questions about compensation and conflicts of interest, retirement researchers say.
December 13, 2021
Ex-Broker Charged With Murdering Client May Also Face FINRA SanctionsFINRA filed a complaint against the ex-broker, awaiting trial in prison, after he failed to cooperate with a fraud investigation.
December 13, 2021
7 Worst Bogus Advisors in America: 2021The head of an investment club called Amongst Friends and a dentist were among those accused of running investment scams.
December 10, 2021
Ed Slott's 10 Last-Minute Tax and Retirement Tips for 2021Time's running out to use certain tax breaks and to correct potentially costly mistakes, Slott says.
December 10, 2021
Ex-LPL Rep Sentenced to 2½ Years in Prison for Stealing From Retired ClientThe former broker was also ordered to pay $639,580 in restitution and a special assessment of $100.