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.
Treasury Secretary Yellen Is Wary of Bitcoin
By Bernice NapachBitcoin is not only "highly speculative" and used in illicit activities, it is also "an extremely inefficient way of conducting transactions," Yellen said.
February 19, 2021
Ex-Merrill Rep Barred for Keeping $100 Found at ATM: FINRAThe former broker and advisor was terminated by the firm in late 2019.
February 18, 2021
Wells Fargo Scores Big Regulatory WinThe Fed has accepted its proposal to address lapses in governance and risk management, as required by a 2018 enforcement action.
February 17, 2021
SEC Sues Morningstar's Former Credit Ratings AgencyThe lawsuit alleges Morningstar Credit Ratings violated disclosure and internal control provisions of federal law in CMBS ratings.
February 17, 2021
Rollovers Are Fiduciary Advice Under New DOL RuleA rollover likely implies a continuing advisory relationship, former EBSA head Brad Campbell says.
February 17, 2021
House Democrats Float Bill to Close Carried Interest Tax LoopholeThe carried interest loophole "has allowed private equity tycoons to pay lower tax rates than their secretaries," said Rep. Bill Pascrell, one of the bill's sponsors.
February 12, 2021
Trump DOL Fiduciary Rule to Take Effect TuesdayLater this year, the department will likely "begin work on a more robust fiduciary definition," said ERISA attorney Fred Reish.
February 09, 2021
SEC's Acting Chair Gives Senior Officers Subpoena PowerThe move, intended to speed investigations, could be connected to the GameStop squeeze.