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.
IRS 'Buried' in Paper Tax Returns: Taxpayer Advocate
By Melanie WaddellAs of early February, the IRS had about 17.6 million tax returns requiring manual processing, Taxpayer Advocate Erin Collins says.
February 16, 2022
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022The IRA and tax whiz offers guidance for advisors dealing with legislative uncertainty, RMD changes and other challenges.
February 16, 2022
DOL Fiduciary Rule Supporters Flock to Capitol Hill to Brief LawmakersStaffers on Capitol Hill have been getting questions ahead of the proposal's expected release, Maureen Thompson of the CFP Board says.
February 16, 2022
FINRA Expands Firms' Power to Curb Senior ExploitationEffective March 17, firms will be able to place temporary holds on securities transactions when they suspect abuse.
February 15, 2022
Actor Sentenced to 20 Years in Prison Over $650M Ponzi SchemeZach Avery, whose real name is Zachary Joseph Horwitz, was also ordered to pay $230.4 million in restitution.
February 15, 2022
Judge Awards $900K to Eye Doctor Bilked by ex-Wells Fargo AdvisorThe former rep was arrested in October in the theft of over $2.86 million from five clients.
February 15, 2022
6 Top Form CRS Failures FINRA Found in 20212021 was the first full calendar year in which FINRA examined how broker-dealers have implemented the rule.
February 15, 2022
SEC Slams 12 More Firms for Form CRS FailuresThe 6 RIAs and 6 BDs missed deadlines and failed to include all information necessary for the form, according to the agency.