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.
Schwab Taking $200 Million Charge for SEC Robo-Advisor Probe
By Brian Chappatta and Ben BainThe compliance inquiry relates to past disclosures around the firm's Schwab Intelligent Portfolios product.
July 01, 2021
Who Can Regulate the Crypto Market?A House subcommittee hearing explored whether regulators have the power to police this sprawling market or congressional action is needed.
July 01, 2021
LPL Rolls Out New Model Wealth Portfolio Platform Feature: Tech RoundupAlso, UBS launches its fourth Future of Finance Challenge, an open competition for fintech startups and tech entrepreneurs.
June 30, 2021
Biden's Carried Interest Tax Proposal Could Put Fund Managers in SEC's SightsUnder Biden's proposal, fund managers might change valuation methods or impose additional fees, which would draw SEC scrutiny.
June 30, 2021
Robinhood Hit With FINRA's Biggest-Ever PenaltyThe record fine and restitution, totaling about $70 million, reflect "the scope and seriousness of the violations," FINRA says.
June 30, 2021
Standing Up for Advisors' Independent Contractor StatusThe PRO Act, being considered by the U.S. Senate, would impose a stringent worker classification test on indie advisors.
June 29, 2021
Trendspotter: Reverse Mortgages Help Retirees Capitalize on Their Biggest AssetDemand for these products, which once had a bad reputation, spiked during the pandemic, a professor says.
June 29, 2021
JPMorgan Subsidiary to Pay $2.75M for Failing to Register as BDIn an unusual move, SEC Commissioner Hester Peirce said she disagrees with the majority decision.