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.
Ex-Cetera Rep Suspended for Not Disclosing $217K Judgment
By Jeff BermanThe former broker "willfully" failed to amend his U4 form after a judge ordered him to repay a promissory note, FINRA says.
July 16, 2020
FINRA May Modify Rulebook, Supervision in Light of VirusFINRA is considering the regulatory implications of a wave of brokers continuing remote work after the pandemic.
July 16, 2020
SEC, IRS Get Budget BoostsThe IRS plans to increase enforcement and taxpayer services.
July 16, 2020
Ameriprise Sues Ex-Broker Over $748K FINRA Arb AwardThe rep was terminated by the firm in 2018 has yet to repay his promissory notes, the firm says in the lawsuit.
July 14, 2020
SBA Seeks Comments on PPP Loan Data CollectionSBA wants feedback on ways to enhance the quality, utility and clarity of the information.
July 14, 2020
How DOL's New Fiduciary Rule Would Affect Rollover AdviceAdvisors providing rollover advice may become subject to fiduciary standards, but they may find relief in the new prohibited transaction exemption.
July 13, 2020
Ex-DeVere CEO, Manager Fined for Misleading ClientsThey made "material misstatements and omissions" about the benefits of overseas pension transfers, the SEC says.
July 13, 2020
App Developer Agrees to Pay $150K Over Security-Based SwapsCalifornia firm Abra and affiliated Philippines company Plutus weren't registered and used a blockchain instead of an exchange, SEC says.