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-Wells Fargo Broker Barred by FINRA Over Ponzi Scheme
By Jeff BermanThe former broker and Wells Fargo were among those named in a complaint last year by disgruntled investor.
November 03, 2021
Ex-Advisor Gets 3 Life Sentences for Bilking Senior Churchgoers in TexasWilliam Neil "Doc" Gallagher, a radio personality, ran a $32 million scam, prosecutors say.
November 03, 2021
PIABA to Push SEC to Revise Form CRS, New President SaysFirms should be required to disclose information on mandatory arbitration clauses and their ability to pay claims, Michael Edmiston says.
November 03, 2021
Direxion Pulls Filing for ETF That Would Bet Against BitcoinThe application for the Direxion Bitcoin Strategy Bear ETF was made on Oct. 26; SEC staff requested it be withdrawn the same day.
November 02, 2021
Crypto Platforms Must Be Part of Policy Framework to Survive: SEC ChiefThe SEC is "going to be very active trying to bring this market into ... the investor protection framework," Gensler said at SIFMA's annual event.
November 01, 2021
Stablecoin Risk Spurs U.S. Agencies to Seek Power to Crack DownMonday's regulatory report zooms in on the $130 billion stablecoin market and the cryptocurrencies it underpins.
November 01, 2021
SEC Commissioner Wants Cyber Rules for Advisors, BDsElad Roisman, a Republican, wants the SEC to write a rule clarifying when advisors and broker-dealers are to inform investors and the commission about a cybersecurity breach.
October 29, 2021
Ex-Wells Fargo Rep Arrested, Charged With Stealing $2.9MThe former wirehouse broker allegedly used client money to pay off his credit cards, gamble and buy gold.