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.
H&R Block and TurboTax Clients Fume Over Delayed Stimulus Check Deposits
By Jeff BermanCustomers of the tax-prep services took to Twitter to complain they had not gotten their second economic impact payments via direct deposit.
January 04, 2021
SEC Says Some BDs Can Custody Digital AssetsThe "federal acquiescence to (if not outright approval of) digital assets will continue," predicts Ric Edelman.
January 04, 2021
FINRA Fines LPL $6.5M Over Faulty Background Checks, Deleted RecordsThe firm failed to fingerprint more than 7,000 non-registered associated persons, FINRA says.
December 29, 2020
SEC Freezes Assets of Crypto Fund ManagerVirgil Capital founder Stefan Qin, 23, is accused of securities fraud tied to pay offs being made to "loan sharks," the SEC says.
December 29, 2020
Trump Taps Roisman as Acting SEC ChairRoisman replaces Jay Clayton, who had been in the role since May 4, 2017 and recently stepped down as expected.
December 29, 2020
IRS Rules on Hybrid Annuity Advisory Fee ProposalsThe rulings could boost efforts to sell registered index-linked annuities to the clients of fee-based advisors.
December 23, 2020
Tougher Advisor Regulation Coming in New YearStricter SEC enforcement and a revamped Reg BI are among the big changes expected under the Biden administration.
December 23, 2020
SEC Seeks Feedback on BDs' Custody of Digital AssetsSecurities regulator also wants comments on "evolving standards and best practices" with respect to custody of digital asset securities.