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 Fines Ex-Broker Who Covered Up Conviction for Sex With a Minor
By Jeff BermanThe former rep "willfully failed to timely amend" his Form U4 to disclose he was charged with three felonies, FINRA says.
March 31, 2021
IRS Warns of Identity Theft Scam Targeting College Students, FacultyThe scammers lure victims with the promise of a tax refund.
March 31, 2021
Schwab Expects 'Activist' SEC Under Gensler; Senate Sets Confirmation Vote DatePayment for order flow is a likely SEC target, and Schwab expects to be "very active" advocating for advisors on that issue.
March 29, 2021
IRS Extends IRA Contribution DeadlineContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.
March 29, 2021
10 Worst Financial Advisors in America: 2020Last year's worst advisors allegedly ran Ponzi schemes, stole from the elderly and veterans, and one was even charged with murdering a client.
March 29, 2021
4 Rules the SEC Plans to Review This YearThe SEC will decide whether these rules should be continued, amended or rescinded, it says in its annual Reg Flex agenda.
March 26, 2021
Ex-Morgan Stanley Advisor Who Defrauded Seniors Gets 5-Year Prison SentenceThe former advisor and broker had pleaded guilty last year to charges of wire and investment advisor fraud for stealing more than $6 million from clients.
March 26, 2021
IRS Says Face Masks, Hand Sanitizers Are Tax DeductibleIndividuals can deduct items purchased to prevent COVID-19 spread as long as their total medical expenses exceed 7.5% of income, the IRS says.