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.
Why Brokers Must Testify — Or Else
By Jeff BermanFailing to cooperate with an inquiry is the most common reason brokers get barred, according to a FINRA enforcement exec.
July 22, 2020
CFP Board Standards vs. Reg BI: A Chart Prompts Industry ChatterMichael Kitces sparks debate on a CFP Board comparison of the two sets of standards.
July 21, 2020
FINRA Slams Ex-Morgan Stanley Rep for Unsuitable, Costly InvestmentsFirm's former broker recommended U.S. Treasuries strategy that he profited from, but clients collectively lost money on, FINRA claims.
July 21, 2020
Advisors Who Took PPP Loans May Face SEC ScrutinyAn advisory firm certifying that it needs financial assistance to continue operating is likely to raise regulators' eyebrows.
July 21, 2020
UBS to Pay Over $10M for Muni ViolationsThe firm circumvented the priority given to retail investors in certain municipal bond offerings, SEC claims.
July 21, 2020
SEC Nominee Crenshaw Details Reg BI Compliance PrioritiesFirms need to be held accountable when they fail to comply, Crenshaw said at her nomination hearing.
July 21, 2020
Former RIA Firm's Co-Founder Arrested, Charged in 'Ponzi-Like Scheme'The SEC also filed a complaint against the International Investment Group exec, claiming he "orchestrated multiple frauds" against investors.
July 20, 2020
Former Morgan Stanley Advisor Pleads Guilty to $6M FraudThe former rep will pay $4.4 million and could spend 20 years in prison, the Justice Department says.