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.
Barred Broker Admits Orchestrating $100M Ponzi Scheme
By Jeff BermanShe faces up to 20 years in prison and a $5 million fine after pleading guilty to securities fraud.
September 10, 2021
Wells Fargo Fined $250M Over Unresolved Issues Tied to ScandalsThe penalty adds to the $5 billion in fines and legal settlements the bank has paid over the last five years for fake accounts and more.
September 10, 2021
FINRA Exam Chief Bari Havlik to RetireShe'll be succeeded by Greg Ruppert on Nov. 1.
September 10, 2021
SEC's New Ad Rule Is Advisors' Top Compliance Challenge: PollFirms also want the SEC to conduct investor testing on Form CRS and rewrite the Custody Rule, an IAA poll finds.
September 09, 2021
Riskalyze Expands Connected Trading: Tech RoundupAlso, Broadridge Fi360 Solutions introduces enhanced Decision Optimizer software for financial advisors.
September 08, 2021
FINRA's New 'Restricted Firm' Plan Is on Its WayRecruiter Jon Henschen discussed what the rule, expected to become effective within seven months, means for BDs and reps.
September 08, 2021
Coinbase Accuses SEC of 'Sketchy Behavior' After Threat to SueOn Twitter, CEO Brian Armstrong said the SEC would be creating an unfair market if it tries to shut down its new lending product.
September 08, 2021
LPL Nabs Morgan Stanley Exec for Compliance RoleMichael Morningstar will oversee the litigation, arbitrations, regulatory matters and client disputes for the independent broker-dealer.