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 Starts Probe of Reps' PPP Loans
By Melanie Waddell"FINRA is proactively looking at registered representatives that obtained loans through undisclosed outside business activities," a FINRA spokesperson said.
January 20, 2021
IRS Issues Guidance on Social Security Taxes Deferred Under Trump OrderThe deferred taxes must be paid by the end of 2021.
January 19, 2021
Defining 'Best Interest' Will Be a Priority for Gensler's SEC"I can't think of anyone better qualified than Gary" to lead the SEC, former Chairman Arthur Levitt tells ThinkAdvisor.
January 15, 2021
Who Should Apply to IRS' Voluntary Disclosure Program?This latest program allows for voluntarily disclosing of tax violations beyond those relating to income tax.
January 14, 2021
Ex-Rep, in Prison, Ordered to Pay Wells Fargo $3MIn 2019, the former broker was sentenced to five years for operating a Ponzi scheme.
January 13, 2021
Lawyer Sues SEC Over New Whistleblower RulesThe rules turn SEC "into a casino," promising large "jackpots" but reserving the right to cut payouts, Jordan Thomas says.
January 12, 2021
Iowa Begins Applying Best-Interest RegulationsAn official says his state will use NAIC drafting notes as interpretive guidance.
January 11, 2021
Former Obama Lawyer, Fed Official Become FINRA GovernorsThe newest members, Kathryn Ruemmler and Deborah Bailey, joined the private sector after their work for the government.