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.
SEC Adopts New Ad Rule, Allows Client Testimonials
By Melanie WaddellForm ADV was also amended to require advisors to provide more information on their marketing practices.
December 20, 2020
Advisor Suspended for Trades Requested by Client's MomNow ex-Cetera rep made transactions of $20,000-plus in client's IRA based on instructions from customer's mother, FINRA alleged.
December 18, 2020
Cetera Hit With $1M Fine Tied to Dually Registered RepsFINRA says supervisory systems and processes were lacking for the reps, who managed over $80 billion in client assets.
December 17, 2020
IRS Extends E-Signature AcceptanceElectronic signatures will be allowed on certain tax forms signed and postmarked by June 30, 2021.
December 17, 2020
SEC Fines Robinhood $65M for Misleading Investors, Best Execution FailuresThe fine comes a day after Massachusetts regulators charged the brokerage over its marketing practices.
December 17, 2020
Biden's Regulatory, Economic Teams Take ShapePresident-elect Joe Biden assembles his transition team as agency leadership posts are up for grabs.
December 16, 2020
SEC Charges Top-Ranked Tennessee Advisor Over 12b-1 Fees"We do not negotiate with regulatory thugs that harass our clients," the advisor, Timothy J. Pagliara, told ThinkAdvisor.
December 15, 2020
Final DOL Fiduciary Rule to Have Significant Impact on RolloversIndustry officials, however, anticipate that the Biden administration will pull back the rule and toughen it.