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.
DOL's Lifetime Income Annuity Interim Rule Is Flawed, ERISA Lawyers Say
By Melanie WaddellThe lifetime income illustrations are confusing, the lawyers say.
August 19, 2021
SEC Fines ISC Advisors Over 12b-1 FeesThe advisory firm "failed to provide full and fair disclosure of these payments and the resulting conflicts of interest."
August 19, 2021
SEC Bars Ex-LPL Rep Who Stole More Than $600K From Retired ClientThe ex-LPL broker pleaded guilty to one count of wire fraud in May.
August 19, 2021
SEC Fines Robo-Advisor SoFi Wealth Over ETF ConflictsThe firm left some clients with taxable gains as it moved them into proprietary funds, the SEC said.
August 18, 2021
CFTC Sues Centurion Capital Management Over Alleged Commodity Pool FraudCenturion was required to register with the CFTC as a commodity pool operator, Svejda as an associated person. Neither did so.
August 18, 2021
SEC Orders Advisory Firm to Pay $9M Over Short SalesAdvisory firm Murchinson, its principal officer and trader caused brokers to violate Regulation SHO rules, the SEC alleged.
August 18, 2021
U.S. Households Paying No Income Tax Hit 61% of Total Last YearThe number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the Urban-Brookings Tax Policy Center found.
August 16, 2021
FINRA Bars Ex-New York Life, Pru Rep Over Forged Annuity FormsThe former rep allegedly submitted applications for clients without their consent in order to meet production requirements.