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.
Wells Fargo to Pay $37M to Settle Fraud Lawsuit
By Hannah Levitt and Bob Van VorisThe case involves 771 clients, including businesses and banks, that were charged too much for foreign-exchange transactions.
September 27, 2021
Trade Groups Urge DOL to Extend Fiduciary Rule Compliance DateThe groups express concern that small firms can't afford to comply with a Trump-era rule that may soon be replaced.
September 24, 2021
Ex-OppenheimerFunds Analyst Charged With $8.5M Insider Trading SchemeThe former analyst and current CEO of healthcare tech firm WellAI is accused of front-running trades.
September 24, 2021
Agency Unveils Individual Health Producer Comp Disclosure ProgramAgents and brokers may have to start giving customers commission schedules Dec. 27.
September 24, 2021
Ex-Broker Gets 35 Years in Prison for $25M Scam Targeting SeniorsThe ex-rep and his co-conspirators sold speculative securities and pocketed much of the proceeds, prosecutors said.
September 24, 2021
5 Reasons Advisors Can't Ignore Crypto: Morningstar PanelCrypto has more in common with traditional asset classes than advisors may think, Morningstar panelists say.
September 23, 2021
Why Some Consumers Are More Vulnerable to Financial ScamsThose more likely to lose money believed that authority should not be challenged, and financial opportunities have clear winners and losers, a study found.
September 23, 2021
4 SEC Hot Buttons Advisors Should Address ImmediatelyThe agency is in a prickly mood, and may compel advisors to reimburse clients if certain disclosures aren't met.