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.
Kitces' XY Planning Urges SEC to Block Brokers From Offering Financial Plans
By Melanie WaddellSuch services are beyond the scope of "solely incidental" advice, says XYPN, which also wants the SEC to tighten rules around advisor titles.
September 17, 2021
FINRA Sweeps BDs on Use of Social Media Influencers, Referral ProgramsThe sweep focuses on practices related to customer acquisition through channels like TikTok, Facebook and Reddit.
September 16, 2021
Fidelity Pushed for Bitcoin ETF Approval in Private SEC MeetingExecutives including Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a Sept. 8 video call, filings show.
September 15, 2021
FINRA Files to Extend Remote Branch-Office InspectionsThe proposed rule change would include 2022 inspection obligations through June 30.
September 14, 2021
Warren Asks Fed to Break Up Wells Fargo After Regulatory HitIn a letter to Federal Reserve Chair Jerome Powell, Warren called on the Fed to revoke the bank's status as a financial holding company.
September 14, 2021
FINRA Fines Former Wells Fargo Rep Who Lied About Outside AccountsThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
September 14, 2021
SEC's Gensler Signals Likely OK to Extend FINRA Remote InspectionsGensler noted that there are "trade-offs" in conducting remote exams.
September 13, 2021
Bannon-Linked Media Firm Part of $539M SEC CaseGTV Media Group, tied to Bannon, paid a fine along with two other media companies for unregistered sales of stock and digital assets.