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.
SEC's Crenshaw Wants Investor Testing on Reg BI, Form CRS
By Melanie WaddellInvestor testing is needed to ensure the disclosure-based rules are working, said SEC's Crenshaw.
May 13, 2021
Ex-LPL Rep Pleads Guilty to Stealing More Than $600K From Retired ClientThe broker transferred funds from his 73-year-old client's investment accounts to a joint bank account and withdrew most of it for his own use.
May 13, 2021
SEC Slaps BD for Failing to File Suspicious Activity ReportsThe BD failed to file SARs related to external bad actors' attempts to gain access to the retirement accounts of individual plan participants.
May 12, 2021
DOL Withdrawal of Independent Contractor Rule Threatens Indie Advisor Business Model: FSIDOL's decision to withdraw the rule stands to increase costs for advisors and their firms, FSI's David Bellaire tells ThinkAdvisor.
May 12, 2021
SEC Staff Warns Against Mutual Funds That Own Bitcoin FuturesInvestors should consider the risks, the risk disclosure of funds and their own risk tolerance, the statement says.
May 11, 2021
Clock Starts Ticking on Fidelity's Bitcoin ETFThe Cboe has filed an application with the SEC to list Fidelity's Bitcoin ETF, which the agency has 45 to 240 days to review.
May 10, 2021
FINRA Plans Return of In-Person Arb Hearings in JulyBeginning July 5, 62 of FINRA's 69 hearing locations will reopen for in-person proceedings, it says.
May 10, 2021
SEC's Gensler: Crypto Trading Needs More Federal OversightGensler will talk with Congress about authorizing a federal regulatory regime to oversee cryptocurrency exchanges, he told CNBC.