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.
Coinbase Hit With Class-Action Suit for Failure to Register as an Exchange
By Melanie WaddellCoinbase has denied that the digital assets it lists on the Coinbase Digital Asset Platforms are securities, the suit states.
October 08, 2021
FINRA Upholds Bar of Ex-RBC Broker Accused of Taking $1M After Trading ErrorThe broker, who returned the money after RBC corrected the error, said he didn't know he'd received it by mistake.
October 08, 2021
FINRA Clarifies Video Use, Links in Ad Rule FAQThe FAQ also addresses "targeted return" projections.
October 07, 2021
Morgan Stanley Must Pay Over $100K to Client: FINRA Arb PanelThe client said the wirehouse failed to supervise when unsuitable investments were made on her behalf.
October 07, 2021
Merrill to Pay $850K FINRA Fine Over Short Sale ViolationsThe wirehouse misapplied the SEC-approved Multi-day Approach on at least 6,000 occasions, FINRA alleged.
October 07, 2021
Defining Who Is a Fiduciary Is Central to ERISA, Biden's DOL Pick SaysLisa Gomez, tapped to lead EBSA, told senators she looks forward to "taking another look at the conflict of interest rule."
October 06, 2021
8 Tips for Advisors to Avoid Digital Asset Legal, Compliance HeadachesAdvisors must make sure they follow their firms' policies and procedures, as well as legal compliance requirements, attorney Max Schatzow says.
October 06, 2021
FINRA Bars Ex-Primerica Broker Charged With Elder TheftThe former broker allegedly misappropriated two older siblings' funds, bilking them out of over $1.5 million, says a New Jersey prosecutor.