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.
9 Firms Hit by SEC Over 12b-1 Fees
By Melanie WaddellThe SEC gave firms a chance to self-report violations and avoid penalties. Now it's bringing cases.
September 01, 2021
SEC Halts Ponzi Scheme Funding Racehorse Stable, Limo ServiceA Minnesota couple raised more than $16 million from as many as 200 people, including retirees and relatives, the SEC says.
September 01, 2021
SEC Orders Massachusetts Firm to Pay $700K Over Cash Sweep ConflictsCantella & Co. allegedly placed client cash into cash sweep products through which the firm collected revenue-sharing payments.
August 31, 2021
Barred Long Island Broker Arrested Again for Defrauding InvestorsHe was accused of stealing $80,000 from clients who thought they were investing in shares of Airbnb, DoorDash and Petco.
August 31, 2021
SEC Charges Advisory Firm Serving Teachers With Billing, 12b-1 Fee ViolationsCertain clients had to pay a higher advisory fee than they should have and were charged 12b-1 fees.
August 30, 2021
Insurance Surcharges Could Boost Vaccination, but Watch OutIf your small-business client is considering imposing a vaccine-related surcharge, it's important to understand the rules, which are muddy.
August 30, 2021
How to Get Tax Breaks for Caring for an Aging Family MemberThose who care for a family member who qualifies as a dependent may be entitled to deduct medical expenses.
August 30, 2021
SEC Fines Cetera, Cambridge and KMS $750K Over Email HacksFailures in cybersecurity policies and procedures led to email account takeovers that exposed clients' personal information.