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.
Pete Driscoll, SEC Exam Chief, to Depart
By Melanie WaddellDriscoll leaves the SEC as the agency conducts Phase 2 Regulation Best Interest exams.
July 13, 2021
TIAA to Pay $97M for Pressuring Investors Into RolloversAdvisors pushed rollovers from retirement plans to managed accounts with higher fees, according to the SEC and NYAG.
July 12, 2021
FINRA Bars Ex-Wells Fargo Rep Over Client Money in His Bank AccountWells Fargo terminated him in April over those allegations.
July 12, 2021
Kestra to Pay $10.3M Over Undisclosed Mutual Fund CompensationKestra advisors failed to disclose compensation received by their BD when investing client assets in certain funds, the SEC alleged.
July 09, 2021
Pershing Ordered to Pay $648.5K to More Stanford VictimsA FINRA arb panel rules in favor of more investors claiming losses in the Ponzi scheme run by financier R. Allen Stanford.
July 09, 2021
Biden Executive Order Seeks to Rein In Bank MergersThe order also urges SEC to require financial services firms to share data.
July 09, 2021
Securities America to Pay $1.75M for Failing to Protect Clients From Ponzi SchemeAn independent RIA was able to take $8 million from at least 15 clients of the Advisor Group subsidiary, the SEC says.
July 09, 2021
Biden Targets Competition in Tech, Health Care in Sweeping OrderThe executive order aims to boost competition in the drug industry, banking, technology and other sectors.