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.
Trump Taps Roisman as Acting SEC Chair
By Jeff BermanRoisman replaces Jay Clayton, who had been in the role since May 4, 2017 and recently stepped down as expected.
December 23, 2020
SEC Seeks Feedback on BDs' Custody of Digital AssetsSecurities regulator also wants comments on "evolving standards and best practices" with respect to custody of digital asset securities.
December 22, 2020
Voya to Pay SEC Fine of $22.9MThe insurer-owned firm allegedly failed to disclose fees charged to clients and made misleading statements to them, the SEC claims.
December 22, 2020
SEC Adopts New Ad Rule, Allows Client TestimonialsForm ADV was also amended to require advisors to provide more information on their marketing practices.
December 22, 2020
SEC to Ramp Up Reg BI Exams in January"Most advisors don't have a process in place to cover what SEC Reg BI requires" when it comes to retirement rollover options, says Ed Slott.
December 21, 2020
Transamerica to Pay $8.8M Over Annuity, Fund & 529 Supervisory FailuresThe problems at Transamerica Financial Advisors affected 2,400 clients of variable annuities, mutual funds and college savings plans.
December 20, 2020
Advisor Suspended for Trades Requested by Client's MomNow ex-Cetera rep made transactions of $20,000-plus in client's IRA based on instructions from customer's mother, FINRA alleged.
December 18, 2020
Cetera Hit With $1M Fine Tied to Dually Registered RepsFINRA says supervisory systems and processes were lacking for the reps, who managed over $80 billion in client assets.