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 Bars Ex-Merrill Rep Who Refused to Cooperate With Probe
By Jeff BermanThe former broker declined to provide documents and info requested as part of an investigation, FINRA says.
September 04, 2020
Life Industry Reps Try to Speed Shape DOL Rollover Standards DraftThe department's EBSA branch kept a hearing on proposal short.
September 03, 2020
DOL to Move Ahead on Fiduciary Plan Despite CriticismLabor says it won't hold a second hearing or reopen comments; critics say it should wait and see how Reg BI plays out.
September 03, 2020
Firm Tied to Woodbridge Ponzi Scheme Settles With SECSexton Advisory Group and its CEO were charged with making illegal securities sales.
September 02, 2020
SEC Charges Ex-LPL Rep With Stealing $300K From Retired ClientThe rep defrauded a 73-year-old client with whom he shared a bank account, the SEC says.
September 02, 2020
Firms Failing to Report Advisors' Disciplinary Histories on Form CRS: WSJThe Journal said it found about 2,300 employees with disclosures that their firms didn't report on the form.
September 02, 2020
Wells Fargo to Pay $2M Over Variable Annuity SwitchesThe firm failed to supervise reps' recommendations that customers switch from VAs to investment company products, FINRA claims.
August 31, 2020
Robinhood's Dark Side: Irate Traders, U.S. ProbeOver the first half of 2020, consumer protection agencies received 400-plus complaints about Robinhood -- roughly four times more than rivals like Schwab and Fidelity.