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 Fines Ex-Broker for Trades in Deceased Client's Account
By Jeff BermanThe broker was terminated by Insigneo Securities after it learned he continued to trade in an account after the had client died, according to FINRA.
April 02, 2021
Is an AML Crackdown Coming for RIAs?Under Gensler, the SEC might revive a dormant AML policy plan, lawyer Ben Marzouk says.
April 02, 2021
IRS to Refund Taxes Paid on 2020 Jobless BenefitsTaxpayers don't need to file an amended return unless the change qualifies them for additional tax benefits.
April 01, 2021
FINRA Fines Ex-Broker Who Covered Up Conviction for Sex With a MinorThe former rep "willfully failed to timely amend" his Form U4 to disclose he was charged with three felonies, FINRA says.
March 31, 2021
Schwab Sues Ex-Client Who Won't Return $1.2M Sent by MistakeThe firm alleges that a former client refuses to return money "inadvertently transferred" to her Fidelity account due to a software error.
March 31, 2021
SEC Charges Blockchain Firm With Unregistered Digital Asset OfferingsThe SEC's allegations "turn on whether the digital asset at issue is or is not a security — there is no allegation of fraud," said attorney Nicolas Morgan.
March 31, 2021
IRS Warns of Identity Theft Scam Targeting College Students, FacultyThe scammers lure victims with the promise of a tax refund.
March 31, 2021
Schwab Expects 'Activist' SEC Under Gensler; Senate Sets Confirmation Vote DatePayment for order flow is a likely SEC target, and Schwab expects to be "very active" advocating for advisors on that issue.