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.
Unit Formerly Known as Wells Fargo Asset Management Snags Another State Street Exec
By Phillip BantzChris Baker is exiting the Boston-based asset manager to serve as chief compliance officer of the firm, now called Allspring.
October 25, 2021
Trendspotter: Advisor Movement From State to SEC Registration Is SurgingAs markets and the demand for fiduciary advice have grown, more firms have had to take this step, compliance pros say.
October 25, 2021
DOL Extends Fiduciary Rule Compliance Date, Including Rollover AdviceLabor extended the non-enforcement policy on its fiduciary rule to Jan. 31.
October 25, 2021
Ex-LPL Rep Suspended for Making 22 Trades Without Written ConsentThe broker also falsely stated he didn't exercise discretionary trading authority in three compliance questionnaires, FINRA says.
October 22, 2021
FINRA Mulls Update to Complex-Product RulesRules around qualifications for options traders, for instance, pre-date the rise of DIY investing, CEO Cook said.
October 20, 2021
SEC Fines Disciplined Capital Management $25K Over Form CRS FailuresThe firm missed its regulatory deadlines to file the form and deliver it to clients.
October 19, 2021
Credit Suisse to Pay $475M in Bribery SchemeThe scheme involved transactions that raised funds to pay kickbacks to bankers and bribes to government officials in Mozambique.
October 19, 2021
SEC Would Get $74M Funding Boost Under Senate BillUnder the financial services bill, the IRS would get a more than $1.6 billion boost to go after wealthy tax cheats.