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.
FINRA Adopts Restricted Firm Rules
By Melanie WaddellThe rules impose new obligations on broker-dealers with a significant history of misconduct.
September 28, 2021
SEC Committee Recommends Expanded Access to Private InvestmentsMost retail investors currently lack access to private equity, private debt and private real estate investments.
September 28, 2021
Reg BI Compliance Requires 'Tailored' Policies and Procedures: SECGive registered reps specific examples of how to accomplish Reg BI's requirements, the SEC's Asset Management director suggests.
September 28, 2021
Wells Fargo to Pay $37M to Settle Fraud LawsuitThe case involves 771 clients, including businesses and banks, that were charged too much for foreign-exchange transactions.
September 27, 2021
FINRA Dings Ex-UBS Rep for Failing to Repay Promissory NotesThe wirehouse had alleged its former advisor failed to repay more than $540,000 when he resigned.
September 27, 2021
Barred Broker With 37 Client Complaints Hit With SEC Fraud ChargesMichael Shillin is accused of deceiving more than 100 clients on matters including insurance, pre-IPO shares, taxes and retirement accounts.
September 27, 2021
Trade Groups Urge DOL to Extend Fiduciary Rule Compliance DateThe groups express concern that small firms can't afford to comply with a Trump-era rule that may soon be replaced.
September 24, 2021
Ex-OppenheimerFunds Analyst Charged With $8.5M Insider Trading SchemeThe former analyst and current CEO of healthcare tech firm WellAI is accused of front-running trades.