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.
IRS Reversal: Expenses Paid With PPP Loan Funds Are Now Tax-Deductible
By Melanie Waddell"The message is that's what Congress intended all along," Ed Slott told ThinkAdvisor.
January 06, 2021
Under Trump Order, SEC Warns of Investments in Chinese Military CompaniesBeginning on Jan. 11, U.S. persons will be prohibited from transacting in certain securities and derivatives of these companies.
January 05, 2021
H&R Block and TurboTax Clients Fume Over Delayed Stimulus Check DepositsCustomers of the tax-prep services took to Twitter to complain they had not gotten their second economic impact payments via direct deposit.
January 04, 2021
SEC's Investor Advocate Decries Deregulatory Agenda Under ClaytonEfforts to "modernize" or "streamline" rules hurt investors, Investor Advocate Rick Fleming says in his year-end report to Congress.
January 04, 2021
529 Plan Share Class Crackdown Yields $2.7M for ClientsRestitution and interest for owners of 529 plan accounts came from 19 firms, says FINRA.
January 04, 2021
SEC Says Some BDs Can Custody Digital AssetsThe "federal acquiescence to (if not outright approval of) digital assets will continue," predicts Ric Edelman.
January 04, 2021
FINRA Fines LPL $6.5M Over Faulty Background Checks, Deleted RecordsThe firm failed to fingerprint more than 7,000 non-registered associated persons, FINRA says.
December 29, 2020
SEC Freezes Assets of Crypto Fund ManagerVirgil Capital founder Stefan Qin, 23, is accused of securities fraud tied to pay offs being made to "loan sharks," the SEC says.