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.
S&P Dow Jones Indices to Pay SEC $9M for VIX Index Mispricing
By Bernice NapachThe lapse led S&P DJI to publish and disseminate stale index values during a period of unprecedented volatility in 2018.
May 14, 2021
'Wandering' Bad Brokers Pose Risks for Clients, IndustryAdvisors with regulatory infractions often keep causing trouble even if they're barred from the business, a recent study finds.
May 14, 2021
Insurer to Pay $77M to Settle Criminal Tax Evasion CaseSwiss Life has agreed to help the U.S. government locate U.S. tax evaders in a criminal case involving private placement insurance.
May 14, 2021
SEC's Crenshaw Wants Investor Testing on Reg BI, Form CRSInvestor testing is needed to ensure the disclosure-based rules are working, said SEC's Crenshaw.
May 14, 2021
FSI Sues DOL for Nixing Independent Contractor RuleThe rule gave indie advisors "much-needed certainty regarding their classification status," said FSI CEO Dale Brown.
May 14, 2021
Lawmakers Ask Government Watchdog to Probe Target Date FundsCertain aspects of TDFs may be placing retirement savers at risk, the lawmakers say.
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.