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.
SEC Fines Robo-Advisor SoFi Wealth Over ETF Conflicts
By Melanie WaddellThe firm left some clients with taxable gains as it moved them into proprietary funds, the SEC said.
August 18, 2021
U.S. Households Paying No Income Tax Hit 61% of Total Last YearThe number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the Urban-Brookings Tax Policy Center found.
August 16, 2021
FINRA Bars Ex-New York Life, Pru Rep Over Forged Annuity FormsThe former rep allegedly submitted applications for clients without their consent in order to meet production requirements.
August 16, 2021
FINRA Seeks Feedback on BDs' Cloud Computing PracticesFINRA seeking comments on new report, including areas where guidance or modifications to FINRA rules may be desired to support cloud adoption.
August 13, 2021
SEC's Gensler Sets Stage to Reverse Controversial Whistleblower RulesTwo amendments made under the previous SEC chief could discourage whistleblowers from coming forward, Gensler said.
August 12, 2021
SEC Charges Former Advisory Firm, CEO With Bribing College AthletesThe CEO directly and indirectly paid more than $96,000 to influence prospective clients to retain the advisory firm, the regulator says.
August 11, 2021
Gensler to Sen. Warren: SEC Needs More Authority to Regulate CryptoRegulators "would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending," Gensler says.
August 09, 2021
SEC Bars Ex-Pimco CEO Hodge Over College Admissions ScamThe sanction comes more than a year after the executive was sentenced to nine months in prison for his actions.