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.
Ex-J.P. Morgan Rep Claimed He Ran Gardening Business to Get COVID Loan: FINRA
By Jeff BermanFINRA has suspended the former broker from the industry for seven months.
November 11, 2021
With Reg BI, 'Think Broadly' About Recommendations: SEC's LeeThe commissioner warned BDs to consider how Reg BI could affect their communications, tech use and even account opening practices.
November 11, 2021
FINRA's New Fingerprint Process Starts Dec. 6BDs and funding portals must send fingerprints to FINRA's designated fingerprint provider, Sterling.
November 11, 2021
Jury Finds Priest Serving as Hedge Fund Advisor Made False StatementsHowever, the jury did not find the priest engaged in a fraudulent scheme or that he violated the Investment Advisers Act as alleged by the SEC.
November 10, 2021
Love or Hate Social Media, Advisors Need to Be CompliantThe "Roaring Kitty" debacle highlights the dangers firms run into when they have lax controls on new marketing tools.
November 10, 2021
SEC Finds Widespread Advisor Fee Calculation ErrorsErrors included overbilling, double-billing and using outdated fee schedules.
November 10, 2021
10 New Tax Numbers to Know for 2022The IRS just released inflation adjustments for more than 60 tax provisions, including estate and gift tax exemptions and standard deductions.
November 09, 2021
FINRA Fines Aegis Capital Over Unsuitable TradesNearly 70 customers' accounts were potentially excessively and unsuitably traded by the firm's reps, according to FINRA.