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.
RIA Fined for Charging 81 Clients Without Providing Services
By Jeff BermanThe clients stopped receiving advisory services after their original advisors left the firm, the SEC said.
September 29, 2021
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older ClientsThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.
September 29, 2021
House Nears Vote on Halving Estate Tax Exemption in 2022The provision is now part of H.R. 5376, which could come to the House floor this week.
September 29, 2021
FINRA Adopts Restricted Firm RulesThe rules impose new obligations on broker-dealers with a significant history of misconduct.
September 29, 2021
SEC Taps Ex-CFTC Commissioner as General CounselThe move reunites Dan Berkovitz with SEC Chair Gary Gensler.
September 28, 2021
Interactive Brokers Fined $1.75M for Failures Amid Oil Futures Price CollapseThe firm's trading system was unprepared when prices turned negative in April 2020, according to the CFTC.
September 28, 2021
SEC Committee Recommends Expanded Access to Private InvestmentsMost retail investors currently lack access to private equity, private debt and private real estate investments.
September 28, 2021
Reg BI Compliance Requires 'Tailored' Policies and Procedures: SECGive registered reps specific examples of how to accomplish Reg BI's requirements, the SEC's Asset Management director suggests.