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.
Wells Fargo Says Reps Can Be Wined and Dined for Remote Meetings
By Janet LevauxUnlike another wirehouse, the bank allows advisors to consume meals and drinks provided by vendors for virtual gatherings.
September 10, 2020
Commonwealth Still Grappling With SEC Over 12b-1 FeesThe regulator wants more data about revenue sharing, as the firm seeks a protective order.
September 09, 2020
Former Compliance Chief to Pay $65K Over Broker's Leveraged ETF TradesThe CCO "enabled" a broker's unauthorized trades that lost $1 million of client money, the SEC said.
September 09, 2020
Fidelity's National Financial Services to Pay $2.5M to Settle SEC ChargesThe firm and FuelCell Energy failed to deliver final prospectuses to stock investors, the regulator said.
September 09, 2020
IRS Reaches Out to Americans Who Didn't Get Stimulus PaymentsThe IRS is sending letters to about 9 million people who didn't file tax returns but may be eligible.
September 08, 2020
Advisor to Plead Guilty to Running $3.3M Ponzi SchemeThe Alpha Trade Analytics owner could face up to 20 years in prison.
September 08, 2020
SEC Fines Ex-Stifel Rep Charged With Scamming Elderly WidowThe rep was accused of misappropriating funds for his Colorado vacation home, according to the SEC complaint.
September 08, 2020
CFA Counsel Hauptman Joins SEC Commissioner Crenshaw's Office"Commissioner Crenshaw is getting one of the most talented, dedicated, thoughtful staffers around," Barbara Roper tweeted.