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.
Kestra to Pay $10.3M Over Undisclosed Mutual Fund Compensation
By Jeff BermanKestra advisors failed to disclose compensation received by their BD when investing client assets in certain funds, the SEC alleged.
July 09, 2021
Securities America to Pay $1.75M for Failing to Protect Clients From Ponzi SchemeAn independent RIA was able to take $8 million from at least 15 clients of the Advisor Group subsidiary, the SEC says.
July 09, 2021
Biden Targets Competition in Tech, Health Care in Sweeping OrderThe executive order aims to boost competition in the drug industry, banking, technology and other sectors.
July 08, 2021
FINRA Bars Ex-Royal Alliance Rep Accused of Misappropriating Client's FundsThe former broker at the Advisor Group-owned firm also allegedly refused to provide documents and info requested by FINRA, the self-regulating group said.
July 08, 2021
SEC Mulls More Disclosure for ESG FundsThere's "a huge range of what asset managers might mean by certain terms or what criteria they use," Chairman Gensler says.
July 08, 2021
Sen. Warren Presses SEC's Gensler on Crypto Exchange RegulationWarren signaled that legislation may be needed to give the SEC the authority it needs.
July 07, 2021
Bipartisan Bill Would Extend Private Equity to the Mass MarketThe Increasing Investor Opportunities Act allows closed-end funds to invest in private equity funds.
July 06, 2021
FINRA Bars Ex-Broker Whose Assistant Took CE Classes for HimThe former HTK rep testified that he "blindly forwarded" emails about the training to his assistant due to heavy sales demands.