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 Bars Ex-Merrill Rep Who Received COVID Disaster Loan
By Jeff BermanThe ex-broker was terminated by Merrill after he refused to produce documents it requested while investigating whether he improperly applied for an EIDL.
September 03, 2021
Sen. Warren Pushes for IRS Funding Boost in Spending PlanIRS' 2021 budget, factoring in inflation and mandatory pay raises, "is really $2.7 billion less than in FY 2010," Commissioner Rettig told Warren.
September 03, 2021
SEC Cracking Down on Overblown ESG Labels; Funds Feel the HeatThe SEC wants asset managers to explain the standards behind ESG fund classification.
September 03, 2021
9 Firms Hit by SEC Over 12b-1 FeesThe SEC gave firms a chance to self-report violations and avoid penalties. Now it's bringing cases.
September 02, 2021
FINRA Names Vanguard CEO, Commonwealth Lawyer as New GovernorsVanguard CEO Tim Buckley will fill the FINRA board's investment company affiliate seat.
September 02, 2021
SEC Charges Crypto Lender With $2B FraudBitConnect allegedly ran a fraudulent and unregistered offering of investments into a program involving digital assets.
September 01, 2021
SEC Halts Ponzi Scheme Funding Racehorse Stable, Limo ServiceA Minnesota couple raised more than $16 million from as many as 200 people, including retirees and relatives, the SEC says.
September 01, 2021
SEC Orders Massachusetts Firm to Pay $700K Over Cash Sweep ConflictsCantella & Co. allegedly placed client cash into cash sweep products through which the firm collected revenue-sharing payments.