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.
Invesco Partners With Galaxy Digital to File for Bitcoin ETF
By Bernice NapachThe Invesco Galaxy Bitcoin ETF is essentially a revision of Galaxy's earlier filing for a Bitcoin ETF.
September 20, 2021
FINRA Fines Ex-Merrill Rep Who Hid Felony Drug ChargesThe broker was charged with possessing more than 10 pounds of marijuana and lied about it on two U4 forms, FINRA says.
September 20, 2021
IRS Has a Tough Letter for Micro Captive OwnersOfficials say affected taxpayers are on the hook for withholding failures as well as bad deductions.
September 20, 2021
Kitces' XY Planning Urges SEC to Block Brokers From Offering Financial PlansSuch services are beyond the scope of "solely incidental" advice, says XYPN, which also wants the SEC to tighten rules around advisor titles.
September 20, 2021
Madoff Scheme Victims Get New $568M DistributionThe new distribution, prosecutors said, will bring overall recovery in the case to over $3.7 billion.
September 17, 2021
Social Media 'Finfluencers' Could Hurt a Lot of Investors, QuicklyWhen financial advice doesn't come from regulated financial professionals, cracking down on bad advice is tricky.
September 17, 2021
FINRA Sweeps BDs on Use of Social Media Influencers, Referral ProgramsThe sweep focuses on practices related to customer acquisition through channels like TikTok, Facebook and Reddit.
September 16, 2021
Fidelity Pushed for Bitcoin ETF Approval in Private SEC MeetingExecutives including Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a Sept. 8 video call, filings show.