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 Extends IRA Contribution Deadline
By Melanie WaddellContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.
March 26, 2021
Ex-Morgan Stanley Advisor Who Defrauded Seniors Gets 5-Year Prison SentenceThe former advisor and broker had pleaded guilty last year to charges of wire and investment advisor fraud for stealing more than $6 million from clients.
March 26, 2021
IRS Says Face Masks, Hand Sanitizers Are Tax DeductibleIndividuals can deduct items purchased to prevent COVID-19 spread as long as their total medical expenses exceed 7.5% of income, the IRS says.
March 26, 2021
CFP Board Suspends Former UBS Broker Charged With Defrauding ClientsThe ex-broker and RIA was charged with first-degree conspiracy for allegedly conspiring to defraud investors and mortgage lenders.
March 25, 2021
SEC Warns Advisors on Ad Rule ComplianceUntil firms transition to the amended marketing rule, advisors "need to remain compliant with the previous advertising and cash solicitation rules," said attorney Lundy.
March 24, 2021
Scaramucci's SkyBridge Capital Files for Bitcoin ETFThe firm, which recently launched a Bitcoin fund for accredited investors, joins a growing list of firms hoping to trade a Bitcoin ETF.
March 23, 2021
SEC Launches New Webpage on ESG, Climate Change IssuesThe new page is a response to investor demand for information, the agency says.
March 23, 2021
Ex-Wife of Advisor Hunted By FBI Tells Him to Give UpThe Atlanta-area advisor went missing in September. "I had no idea who I was living with," his ex-wife says.